WHERE TO GO WHEN MOVING OUT OF NYC
It has long been said that there is no place like New York. For many, the thought of leaving the city is unimaginable. However, in recent years, New York City has witnessed a significant population decrease. This can be attributed to the rising cost of living and the fact that more and more New Yorkers are moving out of state. What’s more, the Covid-19 pandemic has further increased the exodus from New York City. According to Bloomberg, hundreds of people are moving out of NYC each day.
SO WHERE ARE NEW YORKERS MOVING?
Are individuals and families moving out of NYC fleeing for other cities across the country or are they headed to more suburban areas? Well here at Al’s Moving and Storage we have assisted many clients moving out of NYC in recent times and know firsthand. We have moved many former NYC residents to Westchester County and other nearby suburbs. In addition, cities such as Dallas, Phoenix and Tampa have seen a rise in population growth with many New Yorkers fleeing to these destinations. Some other top destinations for New Yorkers include major cities across the United States such as Austin, Orlando, Las Vegas, Denver, Atlanta, Miami, Houston and Philadelphia.
WHY ARE PEOPLE MOVING OUT OF NYC?
The cost of living in NYC is the highest in the country. Additionally, the cost of living in Phoenix, Dallas, Austin and Tampa are significantly lower than NYC. In a city like Austin, the average cost of living will be 35% less than in NYC and real estate is also far cheaper. But saving money doesn’t always mean you have to sacrifice city life and convenience. A city like Austin also offers a great food, bars and nightlife. Moreover, many major companies have started moving out of NYC to other parts of the country where there are cheaper tax rates, which means that there may be an influx of available and well-paying jobs in other parts of the country.
WHAT IS THE BEST PLACE TO GO WHEN MOVING FROM NYC?
There is no place that may compare to NYC. But there are still great options throughout the country. Some may be attracted to additional financial incentives when deciding where to move. There are many states across the country offering tax credits and other financial benefits for relocation. Some states may even pay you to move there. States like Maine, Vermont and Kansas offer new residents various monetary credits to relocate there. For instance, Maine offers a program in which recent graduates can use their student loan debt into tax credits if they move to Maine. Other states literally offer money to new residents. Vermont offers a Remote Worker Grant Program which provides remote workers who move to Vermont a payment of 10,000 over two years. Another place in the U.S that offered incentives to new residents is the city of Tulsa, Oklahoma provides $10,000 to remote workers who move to the city for at least a year.
There are many reasons for moving out of NYC, as great as the city might be. For one, you may have a shorter commute to work. New Yorkers commute an average of 43 minutes to work, which is quite a lot compared to other cities around the U.S.(San Diego, for one, boasts an average commute of less than 30 minutes). Moreover, in a smaller city, you may have more leisure time, and in turn, experience a better work/life balance. You may be able to see friends more frequently. In smaller cities, you live in closer proximity to amenities, culture and work, which makes your life feel more relaxed and efficient.