NYC Lost $9 Billion of Income to Miami, Palm Beach in Five Years

New York City Lost $14 Billion In Income To Florida As Residents Flee Democratic Party Politics

New York City has cost itself an incredible amount of money by dedicating itself to progressive politics. That's according to new data and a new report from the Citizens Budget Commission, a nonpartisan fiscal organization based in the New York area.A remarkable 125,000 New Yorkers have left the city for Florida in the past few years, taking around $14 billion worth of income with them. Roughly 41,250 people moved to the southern part of the sta…

NYC’s Decline: High Earning Individuals Left While Population Increased with Migrants

A recent report reveals that between 2017 and 2022, New York City experienced a significant departure of affluent residents, resulting in the loss of billions of dollars in income. Despite this, the city saw a resurgence in population growth in 2023 and 2024, largely fueled by the arrival of migrants. Fox News reports on the nonpartisan Citizens Budget Commission (CBC), headquartered in Albany, which concluded the city’s population decline began…

125,000 New Yorkers Fled for Florida the Last 5 Years, Taking $14 Billion With Them

(ZeroHedge)—More than 125,000 New Yorkers relocated to Florida over a recent five-year span, draining the Empire State of nearly $14 billion in income, according to a new report from the Citizens Budget Commission (CBC), a nonpartisan fiscal watchdog, reported on by the New York Post. Roughly a third of those fleeing New York City—some 41,251 residents—resettled in Miami-Dade, Palm Beach, and Broward counties between 2018 and 2022, resulting in …

New York lost $9.2 billion in revenue from the departure of more than 30,000 residents to South Florida between 2017 and 2022.The report was published by the Citizen Budget Commission (CBC), a non-partisan organization that analyses the city’s finances. In this context, Palm Beach and Miami-Dade counties captured new taxpayers with per capita income above $190 thousand. Income flow: Florida received the richest people in New YorkThe Palm Beach a…

Nearly $14 BILLON in income disappears from NYC as folks flee to Florida: report · American Wire News

So many New York City residents have fled the state in recent years that it’s now poised to have lost nearly $14 billion in income. An estimated 102,000 NYC residents fled to Florida between 2018 and 2022, according to a study from the Citizens Budget Commission (CBC). In leaving the state, they’ve taken with them $13.7 billion in personal income, the study further notes. New York City lost 102K residents and their $13.7B in personal income to …

NYC lost high earners and billions in income, with migrants reversing population decline: report

New York City witnessed an outflow of tens of thousands of high-earning residents from 2017 through 2022 who took billions of dollars of income with them, although the Big Apple saw a population increase in 2023 and 2024 spurred on by an influx of migrants, according to a new report.