Crime is surging throughout the U.S.
A February 2022 study by MoneyGeek, a financial software and services organization, used FBI statistics to determine the safest and most unsafe cities in the country and how much crime is costing these cities and the nation.
“The cost of crime is often overlooked,” says Johnathan Tal, CEO and Founder of TAL Global, an international security and risk management firm. “However, according to a recent study by Vanderbilt University, crime is costing the U.S. more than $2.6 trillion annually.”
In addition, Tal says, people living in high crime areas are often directly impacted by the cost of crime. “Frequently they pay higher insurance rates, workmen’s’ compensation rates go up for businesses, there are fewer job opportunities, and local tax revenues suffer.”
MoneyGeek found the three cities in the country where the cost of crime has increased the most since 2020 are Seattle, New Orleans, and Chicago.
They also reported the most unsafe cities in the country, and those suffering the highest cost of crime, are in this order:
- St. Louis, Missouri
- Jackson, Mississippi
- Detroit, Michigan
- New Orleans, Louisiana
- Baltimore, Maryland
- Memphis, Tennessee
- Cleveland, Ohio
- Baton Rouge, Louisiana
- Kansas City, Missouri
- Shreveport, Louisiana
As to the safest large cities in the country, where the cost of crime is lower, the report named these cities:
- Virginia Beach, Virginia
- Honolulu, Hawaii
- Henderson, Nevada
- El Paso, Texas
- Mesa, Arizona
- San Diego, California
- Raleigh, North Carolina
- Anaheim, California
- San Jose, California
- Santa Ana, California
“What is important to remember is that in one way or another, crime costs all of us, directly and indirectly,” adds Tal. “We can’t eliminate all crime. But fortunately, reducing risks and promoting safety is possible by conducting a comprehensive risk assessment.”
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For more information on crime, and its connection to social media, please watch the following video:
About TAL Global
TAL Global is twenty-four-year-old, elite security consulting and risk management firm that protects human and physical assets around the globe. The company includes a team of world-class, interdisciplinary security experts that join forces to identify, analyze, and mitigate risks for their clients from every vulnerability – inside and out.
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