Albany, NY – For decades now, New Yorkers have become accustomed to hearing stories of family members leaving the state, moving to more affordable and economically prosperous parts of the country. From Texas, to Florida, to the Carolinas, New Yorkers are fleeing the Empire State at a surprising pace.
Since 2010 more than one million people have left the state and settled in more affordable parts of the country, according to census data and various reports. The speed of out-migration from the state has increased in recent years to the highest levels in history. New York was at once point the third most populated state in the country, and has since fallen to fourth place, while losing seats in Congress and electoral votes in Presidential elections.
Many in the state blame the high taxes and worst business climate in the country for the increased exodus. New York currently ranks dead last for business friendliness and currently has some of the highest taxes in the country both on income and property. Along with high home prices around New York City, this has caused the ‘perfect storm’ encouraging families and individuals to finally pack up and leave.
According to a report by the Empire Center:
“The number of people leaving the region — which includes parts of New Jersey, Connecticut, the lower Hudson Valley and Long Island — in one year swelled from 187,034 in 2015 to 223,423 in 2016, while the number of international immigrants settling in the tristate area dwindled from 181,551 to 160,324 over the same period, records show.”
In particular, Upstate New York which has still not recovered from the Great Recession has been hit hardest, with some areas having not seen a population increase in decades since the 1960’s.