According to this year's ranking of the "most miserable cities in the United States" by Forbes, Detroit grabbed the top spot due to its violent crimes, high unemployment, dwindling population, and financial ruin.

Detroit overtook Miami, who had the number one spot last year. Flint, Michigan; Rockford, Illinois; Chicago, Illinois; and Modesto, California round out the top five.

"Detroit's problems are hardly news. It has been in a four-decade decline paralleling the slide in the U.S. auto industry," said Forbes.

Detroit is facing a fiscal emergency and may be taken over by the state of Michigan.