NYC Residents Flee City As Quickly As They Can

The US Census reports that New York City has seen a steady reduction in population since the epidemic began in April 2020, with a total loss of about 78,000 inhabitants last year. However, the speed of this decline has slowed somewhat.

This contrasts with the 126,000 people who left New York in 2022. Those who left last year cite a noticeable shift in the city’s vibe as the reason they went, with many blaming rising crime and housing costs.

According to the poll, only 30% of New Yorkers believe the city has a high or exceptional quality of life, down from 50% in 2017 and 2008, which gathered responses from over 6,600 individuals. Only half of the survey participants want to remain in the city beyond 2028.

Living expenses in NYC are 76% higher than the U.S. average and 36% higher than those in the state, as reported on Manhattan’s cost of living is exorbitant—126% higher than the US average and 78% higher than the NY state average.

In February, the latest statistics from Redfin showed that the median selling price of a property in New York City was $779,500. This represents a year-over-year increase of 2.6 percent. That same month, the national median house price was $412,219, an increase of 6.5% over the previous year.

Among New Yorkers who completed the CBC poll, 68.2% felt that the municipal administration wasn’t doing enough to solve the housing crisis.

According to a property manager, the number of tenants leaving has been unprecedented in the previous four years.

According to CBC, the percentage of city dwellers who are satisfied with the level of public safety is low at 37.1%, and the percentage of those who feel comfortable riding the subway has dropped dramatically. Daytime subway ridership was 86.1% in 2008 and 81.5% in 2017, yet just 49.1% of riders report feeling secure on the system today. Residents’ perceptions of safety on the subway were much lower at 21.7%, down from 46.4% in 2017 and 44.7% in 2008.

Despite what locals think, the NYPD recorded a 1.1% decrease in total crime in February compared to last year. According to the most recent statistics, the number of shootings declined by 15.9 percent and the number of murders by 22.2 percent.

Robberies rose 4.8% year-over-year in February, compared to a 6.2% decline in burglaries.