Monday, April 3, 2017

Report: People Fleeing New York Region at Alarming Rate

People are fleeing the New York region at an alarming rate as it tops the list for the “highest negative net migration rate among the nation’s large population centers,” the New York Post reported, citing U.S. Census records.

More than 1 million people have left the New York area since 2010, including 223,423 in 2016 compared to 187,034 in 2015. The number of international immigrants settling in the tri-state area dropped from 181,551 to 160,324 over the same period, the Post reported. The region includes parts of New Jersey, Connecticut, the lower Hudson Valley and Long Island.

The story pointed to reasons for the 4.4 percent loss included an improved U.S economy, which drove a desire by residents to live in places that were less expensive, and that retirees preferred to live in warmer climates.

“The historical trend is that out migration grows when economy is getting better,” said E.J. McMahon, research director for the Empire Center for Public Policy which compiles census data.

“As the economy gets better there are more jobs outside the region and by the same token . . . more people to buy your house if you’re a baby boomer looking to move to Boca Raton or Myrtle Beach.”

Foreign arrivals and births were the main driver of population growth in the New York region from 2010 to 2016, the Post stated. Cities which had seen the most growth were the Orlando-Daytona Beach area in Florida, Denver, Houston, Dallas-Ft. Worth and Portland, Ore., according to the article.

Chicago came in second for negative migration rate with a loss of 4.3 percent since 2010.

Source: newsmax – Report: People Fleeing New York Region at Alarming Rate

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