20. Memphis, TN
Major Industries: Manufacturing and transportation
Annual Growth Rate: 0.61%*
Welcome to Memphis, Tennessee, the vibrant “Home of the Blues” and the electric “Birthplace of Rock ‘n’ Roll”! Tourists from all corners of the world flock to Graceland, the iconic home of the legendary Elvis Presley, and other prized relics of music history. Yet, amidst the allure of the past, Memphis faces the challenge of keeping pace with the demands of today’s modern economy. One key contributor to the city’s population decline is the limited availability of public transportation, stifling accessibility and growth. Moreover, the prevalence of poverty, coupled with a high crime rate, casts a shadow over the appeal of Memphis for potential newcomers. It’s disheartening to witness the population decline, considering the city’s profound musical heritage – both from days gone by and the present. Beyond the hallowed gates of Graceland, musicians continue to flock to Memphis, drawn by the opportunity to collaborate and record in the city’s iconic studios. Sadly, in the face of ever-rising costs, many find it increasingly challenging to make ends meet, forcing them to seek greener pastures elsewhere. Let us strive to preserve the allure and vibrancy of this musical mecca, ensuring that Memphis remains a haven for artistic souls both young and old.
20. Memphis, TN
21. Albany, GA
Major Industries: Healthcare and education systems
Annual Growth Rate: 0.47%*
Albany, the lesser-known sibling of New York’s capital, boasts a noteworthy Proctor and Gamble paper product site. Here, Charmin Toilet Paper and Bounty Paper Towels are manufactured and shipped nationwide. Throughout the 20th century, Albany experienced a steady population growth, but alas, the tide turned in the 1990s, leading to a decline that persists to this day. Job losses stemming from railroad restructuring and military reduction dealt a heavy blow, leaving an indelible mark on the city’s memory. Though Albany has made strides in diversifying its revenue streams, the impact of those losses lingers in the hearts of many residents. Tucked away in the southern reaches, Albany may not be the most prosperous place, but it offers a lower cost of living compared to its counterparts in America. Nevertheless, as affluent young people flock to newer, more walkable housing developments in the city center, the elderly residents often find themselves displaced. To compound matters, Albany has limited room for economic expansion, posing challenges for the city’s future growth.
21. Albany, GA
