A WalletHub study ranks New York City 145th out of 148 U.S. cities regarding efficiency. It scored well in various service categories, such as 16th in health, 21st in education, and 24th in infrastructure, yet fell drastically due to its financial inefficiency. The city's per capita budget is the second highest in the country, placing substantial strain on taxpayer resources. This leads to a situation of high-quality services at a considerable cost, reflected by the city’s substantial long-term debt per capita.
New York City ranked 145th out of 148 U.S. cities due to inefficiency, despite strong service rankings in health (16th), education (21st), and infrastructure (24th).
With the second-highest per capita budget in the country, New York's financial efficiency significantly lowers its overall ranking, providing great services but at a terrible value.
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