During the Revolutionary War Philadelphia served as one of Americaâ€™s first capital cities. These days, however, Philadelphia could be considered the capital of toxicity, since the city and its environs ranked No. 1 on our 2011 Most Toxic Cities list. One big reason: The sprawling Philadelphia-Camden-Wilmington Metropolitan Statistical Area (MSA), including parts of four states (Pennsylvania, New Jersey, Delaware and one county in Maryland), is pocked with more than 50 Superfund sites—areas no longer in use that contain hazardous waste.
I shouldn’t rag on this area too much though. Philadelphia is not prone to big booms, but it’s also not prone to big busts either. Housing prices here have been relatively stable, and we haven’t seen the inflation yet here that we’ve seen in other areas. Unemployment is still high but not as bad as it is in a lot of other areas. Pennsylvania’s government is better compared to that of New Jersey and New York’s.