44% of wealthy citizens are considering leaving New York: a survey
'17.09.2020'
Vita Popova
44% of high-income New Yorkers said they have considered leaving the city in the past four months. The edition writes about it The Hill.
The poll was conducted by the Siena College Research Institute, commissioned by the Manhattan Institute, among New Yorkers who earn at least $ 100 a year.
Thus, 44% of the respondents said that they are considering the possibility of moving out of the city, and 37% noted that, most likely, they will not return to it in the next two years after the move.
69% of respondents who said they are considering moving from the Big Apple cited the cost of living as the reason for this decision. The importance of this reason is amplified in ethnic minority groups: the high cost of living was cited as the main reason for wanting to relocate by 80% of Hispanics and 77% of blacks.
47% of respondents explained their desire to leave by a high level of crime. The desire to live in the countryside prompted 46% of the respondents to move, and the opportunity to work from home - 30%.
On the subject: 'People flee the city in droves': where New Yorkers are moving en masse
Most of the older generation of New Yorkers does not think about moving. 76% of respondents over 65 said they do not think about relocation, while among respondents aged 18 to 44, only 49%.
The survey of 782 adults was conducted from July 13 to August 3, 2020. The margin of error was 4 percentage points.
As noted in the Manhattan Institute, residents who earn $ 100 thousand or more pay more than 80% of taxes on income received by New York, and 22% of the city's total tax revenue.
The poll was conducted due to the fact that in several articles there was a widespread assumption that the wealthiest New Yorkers are considering moving because of the high state taxes for the wealthy.
State Governor Andrew Cuomo is concerned that wealthy New Yorkers who fled the metropolis due to the pandemic will not return. This prompted him to reject a proposal for tax hikes for the rich put forward by state legislators this summer.
