What makes New Yorkers leave the state?

New York City has experienced significant population decline, losing more than 630,000 residents between 2020 and 2023, making it the nation’s leader in outmigration. A variety of factors are forcing New Yorkers to leave, with high costs of living, taxes and housing affordability at the forefront. Many are moving to states like Florida and Texas, attracted by lower taxes, more affordable housing and warmer climates.

The cost of living in New York City, especially in cities like New York City, remains one of the highest in the country, with residents spending nearly $50,000 annually on necessities. Housing affordability was the top concern, with nearly 36% of respondents citing it as the main reason. Telecommuting policies and the search for larger living spaces have also forced many people to flee to neighboring states such as New Jersey and Connecticut.

Additionally, a significant portion of the outflow consists of retirees and older adults seeking lower taxes and better support services in other states. Despite the New York City government’s efforts to address affordability, including halting tax hikes and freezing congestion prices, out-migration shows no signs of slowing. Policymakers continue to look for solutions, including expanding housing construction and promoting economic growth in industries such as semiconductors. However, the state faces an ongoing challenge to retain residents amid rising costs.

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