Current:Home > InvestMore than half a million people left New York in 2022. Here's where they resettled. -Prosper Capital Insights
More than half a million people left New York in 2022. Here's where they resettled.
View
Date:2025-04-15 08:21:27
It’s no surprise that the cost of living in New York City is one of the highest in the nation. With rising costs, inflation, and more flexible remote work options, it's no wonder many of them have decided to move to more affordable areas.
About 545,500 residents left the Empire State in 2022. Overall in the U.S., 8.2 million people left their state and moved to another one, a 3.8% increase over 2021, according to the U.S. Census Bureau.
So where did New Yorkers retreat to in 2022? And what's been driving the migration trend? Here's what we know:
New Yorkers moved to neighboring states
While the largest share of people leaving New York left for Florida (91,201), many moved to neighboring states. New Jersey saw the second largest influx of New Yorkers last year (75,103), followed by Connecticut (50,670) and Pennsylvania (44,807).
New York suffered a net population loss of 244,000 people, despite more people moving to the state in 2022 than any year over the last decade, according to the Census Bureau.
'We kept getting outbid':Californians moving to Texas explain why they're changing states
Which states did New Yorkers avoid?
Wyoming, Montana, Iowa, Mississippi and South Dakota all had fewer than 500 people move from New York in 2022.
Moving during the pandemic:Which states gained the most high-income families, and which lost the most?
Why did Americans chose to move?
The top reasons Americans moved in 2022 were to improve their quality of life, live in a cheaper area, and get a bigger home. Nearly a quarter of people said quality of life was the most important factor in why they moved states, according to a survey from Home Bay, a California-based real estate brokerage.
New York Migration trends
These states had the largest influx of former New York residents in 2022:
- Florida: 91,201
- New Jersey: 75,103
- Connecticut: 50,670
- Pennsylvania: 44,807
- California: 31,255
- Texas: 30,890
- North Carolina: 25,024
- Massachusetts: 21,186
- Virginia: 17,516
- Georgia: 16,535
veryGood! (88989)
Related
- US appeals court rejects Nasdaq’s diversity rules for company boards
- UPS, Teamsters reach agreement after threats of a strike: Here's what workers are getting
- US steps up warnings to Guatemalan officials about election interference
- Judge vacates desertion conviction for former US soldier captured in Afghanistan
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Chris Eubanks finds newfound fame after Wimbledon run. Can he stay hot ahead of US Open?
- Tommy Tuberville, Joe Manchin introduce legislation to address NIL in college athletics
- Gen Z progressives hope to use Supreme Court's student loan, affirmative action decisions to mobilize young voters
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Tommy Tuberville, Joe Manchin introduce legislation to address NIL in college athletics
Ranking
- Travis Hunter, the 2
- Xbox Game Pass Ultimate is a new way to play—try one month for just $1
- As Twitter fades to X, TikTok steps up with new text-based posts
- Golden Fire in southern Oregon burns dozens of homes and cuts 911 service
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Golden Fire in southern Oregon burns dozens of homes and cuts 911 service
- ‘It was like a heartbeat': Residents at a loss after newspaper shutters in declining coal county
- Typhoon blows off roofs, floods villages and displaces thousands in northern Philippines
Recommendation
What to watch: O Jolie night
Biden’s son Hunter heads to a Delaware court where he’s expected to plead guilty to tax crimes
49ers' Nick Bosa holding out for new contract. Could new deal set record for pass rusher?
Colorado students at private career school that lost accreditation get federal loan relief
A South Texas lawmaker’s 15
49ers' Nick Bosa holding out for new contract. Could new deal set record for pass rusher?
101.1 degrees? Water temperatures off Florida Keys currently among hottest in the world
London jury acquits Kevin Spacey of sexual assault charges on his birthday