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NYC has lost $ 9 billion in profit in Miami, Palm Bich for five years


In the five-year up to 2022, the net 30,000 New York fled the city in Palm Beach Florida and Miami Dede, taking with them $ 9.2 billion, a newreportThe show.

Two Florida counties received households that earn much above six digits, a report published on Wednesday by a commission on the budget of citizens, a non -partisan fiscal guard. Almost 20,000 per capita income of about $ 190,000 left New York on Palm Beach during this time, and more than 26,000 per capita income of about $ 266,000 went to Miami Dede, the group reports.

Coronavirus pandemic, life price and some quality problems have made other parts of the country more attractive to some New York residents. States such as New Jersey, Florida, California and Pennsylvania purchased residents who moved from New York during the interval, according to the CBC.

“Our competitiveness is partly dependent on the quality of life and public safety,” said CBC President Andrew Rhine during the media briefing. “This is the value of the offer. If you feel safe and you like your life you want to be here.”

Not all left the city, left the state. According to CBC, according to almost 138,000 residents of the city who moved to Long -Ayland New York on Long -Ayland, reducing Big Apple’s grown income by joint $ 11.1 billion, CBC reports. The Westchester’s County, north of the city, gained almost 60,000 net new residents, reducing the adjusted city of gross profit by $ 5 billion.

While the total number of millionaires in New York gained almost 36,000 in 2010 to almost 70,000 in 2022, the share of US state -owned millions actually declined, the statement said. In 2010, 12.7% of the county millionaires lived in New York, which decreased to 8.7% by 2022, even when states as California, Texas and Florida increased in their actions of the richest people in the country.

Tracking the New York millionaire movements has become a rich political issue because 40% income taxes pay in the top -1% of urban tax files.

CBC data also destroys migration from the city by race and ethnicity, income and age. Since 2018, the loss of the New York population has led its highest salaries, as well as the millennium born in the 1980s and early 1990s.

The total population of New York increased in 2023 and 2024 after the six -year decline from international migration to the city, CBC notes.

Originally this story was presented on Fortune.com

https://fortune.com/img-assets/wp-content/uploads/2025/04/GettyImages-2054112501.jpg?resize=1200,600

2025-04-30 16:08:00

Michelle Kaske, Laura Nahmias

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