Population Trends in New York City
New York City saw an outflow of high-earning residents from 2017-2022, but an influx of migrants boosted population in 2023-2024. Factors driving people away included the pandemic, immigration policy, affordability, and work opportunities. Residents moved to Florida, Texas, and nearby states due to lower taxes and better quality of life.
Key Points
- Population decline in NY from 2017, plummeted during pandemic
- Residents moved to Florida, Texas, and nearby states for lower taxes and better quality of life
- Recent population growth in NY City but still a net outflow of residents
Pros
- Increased population in 2023-2024 due to influx of migrants
- Interactive tracker to understand key population trends
Cons
- Outflow of high-earning residents from 2017-2022
- Decline in quality of life and public safety from 2017-2023