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    Home ยป NYC lost high earners, billions in income with migrants reversing population decline: report
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    NYC lost high earners, billions in income with migrants reversing population decline: report

    LuckyBy LuckyMay 2, 2025No Comments4 Mins Read
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    NYC lost high earners, billions in income with migrants reversing population decline: report
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    Escape from New York City.

    According to a new report, the city of New York saw a outflow of thousands of high -grossing residents from 2017 from 2017 to 2017, although Big Apple saw an increase in population in 2023 and an influx of migrants in 2024 according to a new report.

    In 2017, the population of Big Apple began to decline and then between April 2020 and July 2022, there was a decline during the epidemic by about one and a half million residents. Report By Nonpartison Citizen Budget Commission (CBC) located in Albani.

    The report said that many transplants ran into the Miami-dad and Palm beach in Florida, and Total amount Personal income for Florida left the state for $ 13.7 billion.

    The city of New York saw a outflow of thousands of high -grossing residents from 2017 through 2022, who took billions of dollars with them. (Istock)

    New York lost more residents in a year than any other state in the country, US census data shows

    For example, the average income of individuals going to Miami-Dade County was more than $ 266,000, while people transferred to Palm Beach County were an average of around $ 189,000.

    According to the report, people were powered by epidemic, immigration policy, strength concerns, quality of life issues and work opportunities. New York City implemented severe lock-downs, while Florida, after a brief shutdown, was aggressively reopening and restricted the vaccine mandate by employers and businesses.

    Along with Florida, New Yorkers moved towards Long Island and Westchester to suburbs in nearby states such as New Jersey, Connecticut and Pennsylvania. The tristate region also moved to California and Texas.

    The report said, “People who leave the city of New York can select a high value offering space through the quality of life and the cost of life,” the report states. “In particular, Florida and Texas are reduced. While the New Jersey and the rest of the state are relatively high taxes – even though the New York is less than the city – they clearly offer features that make the choice of leaving it worth it clearly.”

    Close the photo of the businessman who closes your laptop

    According to the report to those leaving New York City, the epidemic, immigration policy, strength concerns, quality of life issues and work opportunities were conducted. (Istock)

    Red States 2023 look at population growth as Americans run away from blue states, census data shows

    Recently, according to the report, the external trend has reversed with the population of New York City, growing by 120,000 inhabitants in the last two years. Although not mentioned in the report, it would still indicate a pure outflow to the residents of New York to leave the city, given that New York City Mayor Eric Adams said that the city has fulfilled more than 234,000 shelters since the spring of 2022.

    CBC president Andrew Ren said that New York city’s long -term success depends on the ability to remain competitive.

    “With the quality of developed economy, power, and life challenges, New York City Competition – Divaters and ability to attract and maintain businesses – one of the most important issues of our time,” Rain said.

    The New York State and its territories are the leaders of the national high-tax, who collect the most taxes per person-23% more than California of the Madhya Pradesh and 79% higher than the national average as per report. New York maintains its first place when assessing taxes as a part of individual income.

    With a population of about 8.25 million people, New York City FY 2025 has a budget of $ 110 billion.

    In comparison, the population of Florida is about three times larger, in 23.35 million people, with an annual budget of $ 115.6 billion. There is no famous income tax in Sunshine State.

    NYC migrant

    In front of the historic Roosevelt Hotel, shelters seeking asylum were converted into shelter run by a city for newly incoming migrant families in New York City. (Through Selkuk Acar/Anadolu Agency Getty Image)

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    According to a CBC survey, New Yorkers feel the quality of life and the public safety has declined from 2017 to 2023, only 30% rating is as good or excellent as life, below 51% and feeling unprotected in parks, especially at night.

    Nevertheless, most of the local parks, playgrounds and cultural offerings are positively viewed, which helps to attract residents and tourists, the report states.

    Michael Doorgan Fox News is a writer for Digital and Fox Business.

    You can send tips to michael.dorgan@fox.com and follow it on Twitter @M_Dorgan.

    billions decline earners high income lost Migrants NYC population report Reversing
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