Washington/Baltimore Region Ranks Low on Misery Index

By P.J. Orvetti
|  Friday, Jul 23, 2010  |  Updated 4:01 PM EDT
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Washington/Baltimore Region Ranks Low on Misery Index

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We’re rich, we’re smart and we eat a lot of tofu.

And apparently, Washingtonians are happy, too – or at least not miserable.

Washington residents can claim one of the least miserable economies in the nation, based on one straightforward measure: the misery index, which combines inflation with unemployment, the Washington Business Journal reported.

The misery index in the Washington/Baltimore area currently stands as the second-lowest in the nation, according to data compiled by Bloomberg. Washington’s year-over-year inflation rate, at 1.95 percent, plus its current unemployment rate, 7.4 percent, yields a misery rate of 9.35 percent.

Among big cities, only Seattle currently has a lower misery index. Year-over-year inflation in Seattle is pegged at a negative 0.5 percent. The unemployment rate of 6 percent gives Seattle a misery index of just 5.5 percent. (But at least our lousy baseball team is slightly better than their lousy baseball team.)

The most miserable big cities: Detroit (13.87) and Los Angeles (12.28).


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