Not just New York - people leaving

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Interesting article from Market Watch:

3 reasons so many people are getting the hell out of the Northeast
More than half of the top 10 U.S. states that people are planning to move out of are in the Northeast, according to data from LendingTree. The states people are looking to escape include New York, Massachusetts, New Hampshire, New Jersey, Delaware and Rhode Island. (The remaining states are scatted throughout the country; the top state people are moving to is Florida, and the top region is the South.)

Other data points to a similar trend: Three states in the Northeast — New Jersey, New York and Connecticut — landed among the top five places from which people are moving out of fastest, according to 2017 data from United Van Lines. (Two more states on the moving company’s list: Illinois and Kansas.) And data from Pew Charitable Trusts suggest that, while people may be all about moving to the South (where the population grew by nearly 1.4 million people from 2014 to 2015) and the West (866,000 more people), population growth in the Northeast is “sluggish."

What's more, of the 25 cities that millennials are moving to, not a single one is in the Northeast, according to data on 2015 migration patterns released this year from personal-finance site SmartAsset. Indeed, it’s such places as Charlotte, N.C.; Seattle; and Oakland, Calif. — those are the top three — that the 20-to-34 set is moving to. New York City saw the biggest loss of millennials, with more than 29,000 going elsewhere.

I talked about the U Haul index last night where it is three times more to rent a 10' box truck to go from NYC to Dallas than it is to go from Dallas to NYC. Just for grins, here are the rates from NYC to Florida. Miami is a fairly liberal town so I am using Jacksonville:

20190205-nyc-jac.jpg

20190205-jac-nyc.jpg

Big difference - 3.7 times more. Very telling.

Oh - and the article's three reasons? High costs, the weather and jobs. A big no-brainer there.

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This page contains a single entry by DaveH published on February 5, 2019 8:23 PM.

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