By the numbers: The decline of Detroit

A banner on a building in downtown Detroit is shown July 18, 2013 in Detroit, Michigan. Getty Images

TORONTO – Detroit became the biggest U.S. city to file for bankruptcy Thursday.

The city’s finances are ravaged, its neighbourhoods hollowed out by a long, slow decline in population and auto manufacturing that once made it the very symbol of American industrial might.

Here’s a “by the numbers” look at the decline of Michigan’s largest metropolitan.

$18 billion – The estimated amount of debt facing Detroit

$380,000,000 – Detroit’s estimated budget deficit for this year alone

2009 – The year the auto industry collapsed along with the economy as a whole

700,000 – The current population of Detroit, according to a 2010 census. The city lost a quarter-million residents between 2000 and 2010. At its peak in 1950, the city housed over 1.8 million people.

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60 – Per cent of all children in Detroit who live in poverty, according to a recently released report from Data Driven Detroit

78,000 – The number of buildings that are said to be abandoned

33,500 – Estimated number of empty homes in Detroit

91,000 – Approximate number of vacant residential lots in the city

18 –Unemployment rate in Detroit, a number that is twice as high as the nation’s capital

40 – Per cent of Detroit’s street light that don’t work

BY THE NUMBERS: The decline of Detroit

$26,000 – Median household income in the city

$1 – The asking price for some homes in Detroit back in 2012, according to Business Insider

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