fbpx ...

New Yorkers Are Leaving The City In Droves: Here’s Why and Where

New Yorkers Are Leaving The City In Droves: Here’s Why and Where
Spread the love

One million people have fled New York City and the tri-state area—which encompasses New Jersey, Connecticut and Long Island—in the last nine years. According to Bloomberg, almost 300 people are moving out of the area per day.

This trend is not exclusive to the New York metropolitan area. Many similar regions are seeing their residents migrate to other states. Los Angeles, Chicago, Washington, D.C., and San Francisco, as well as Connecticut’s Hartford, Bridgeport and New Haven, have all experienced a substantial exodus of people.

United Van Lines, the large moving truck company, keeps statistics on the flow of people. The company reports that three states in the Northeast—New Jersey, New York and Connecticut—are among the top places from which people are moving the fastest.

These statistics make sense to anyone living in these places. The costly living expenses, crumbling infrastructure and high tax rates are a big problem for residents. If you live in NYC, you are forced to pay exorbitant taxes. The schools, bridges, tunnels, trains, airports and hospitals are falling apart. Casually walk the streets of NYC and you’ll notice that they are crowded and dirty.

It’s likely that you’ll see or be confronted by homeless people who clearly display symptoms of serious yet untreated mental or physical issues. The politicians running the city feel that it’s more humane to let them to live on the streets, as opposed to being treated in appropriate facilities. The crime rate has risen. To top off the misery, it’s cold and snowy in the winter and oppressively hot and humid in the summer.

Darren DeFazio, the vice president of the finance and accounting permanent division at Robert Half, contests that although the overall business climate is strong, “corporations have left the area and relocated to cities that offered more attractive deals and incentives for companies and their employees.” 

credit: forbes

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe
SUBSCRIBE NOW

Join Our Newsletter!

Join Our Other 23,000+ Members To Stay Up To Date On All Things Real Estate and Be Automatically Entered for Giveaways!
close-link