According to Forbes Nick and Nate Diaz’ hometown of Stockton, California ranks number 1 on America’s most miserable cities list for the second year in a row. This is how they score misery.
There are many ways to gauge misery. We consider 10 factors, including unemployment, crime and taxes, and a few that are less serious, but still elevate people’s blood pressure, like the weather, commute times and how the local sports team is doing. To account for the misery caused by the housing bust we tweaked the methodology for this year’s list and considered foreclosure rates and the change in home prices over the past three years.
Forbes’ reasoning on placing Stockton tops on the list.
Located in the state’s Central Valley, Stockton has been ravaged by the housing bust. Median home prices in the city tripled between 1998 and 2005, when they peaked at $431,000… Stockton’s violent crime and unemployment rates also rank among the 10 worst in the country, although violent crime was down 10% in the latest figures from the FBI. Jobless rates are expected to decline or stay flat in most U.S. metro areas in 2011, but in Stockton, unemployment is projected to rise to 18.1% in 2011 after averaging 17.2% in 2010, according to Economy.com.