Over the last 10 years, New York has suffered a loss of 1.6 million citizens to other parts of the nation, according to The Manhattan Institute’s Empire Center in Albany.
In a new report, it reveals that 60 percent moved to the South and 30 percent established residences in neighboring lower tax states of Pennsylvania, New Jersey and Connecticut, George J. Marlin reports on his blog,
Street Corner Conservative.
Other staggering facts from the report:
- In the past half-century, New York lost 7.3 million residents to other states. The net loss, after factoring in 4.8 million foreign immigrants, was 2.5 million.
- For the past two decades, New York’s net population loss as a percentage of population was the highest of the 50 states.
- Households that have bolted had average incomes about 22 percent higher than those who relocated to New York; $58,899 versus $48,432. According to the IRS, migrants from New York earned $3.3 billion more than migrants to New York in 2009.
The loss of all these people, Empire Center chief E.J. McMahon has observed, “is the ultimate barometer of New York’s attractiveness as a place to live and do business. It’s the ultimate indication that we’ve been doing things wrong.”
Nassau County, where I live, had a net loss of 3 percent of its population in the last decade. The average income of migrants in 2008-2009 was $67,311, while the average income of new residents from other states was $54,683 – an 18.7 percent drop.
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