(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 a $10 billion loss in adjusted gross income (AGI) for the city. An additional $3.8 billion in income was lost to other Florida destinations.
“They are getting something more beneficial to them,” said CBC President Andrew Rein. “The key is with any place you need the benefits to outweigh the cost. The question right now for New York is what do we offer?”
The CBC attributes the exodus to a mix of affordability concerns, public safety, quality of life, and lingering pandemic effects. Only 30% of New Yorkers rated city life as “good or excellent” in 2023—down from 50% pre-pandemic.
The Post writes that high-income earners led the charge. Miami-Dade saw an influx of ex-New Yorkers with average incomes topping $266,000. Palm Beach newcomers earned around $189,000, while Fairfield County, Connecticut, drew residents with an average income of $141,000. Notably, New York’s top 1% of earners pay 40% of the state’s income taxes.
“One of the critical issues of our time is keeping our competitiveness for businesses and residents,” Rein said. “We need to focus on ensuring we don’t tax too much, that we are a safe place to live, and that people find quality of life to be high.”
Florida wasn’t the only winner. Nearby suburbs absorbed thousands of city dwellers:
- Long Island gained 138,000 NYC expats, costing the city $11.1 billion in AGI.
- Westchester County added nearly 60,000, for a $5 billion hit.
- Fairfield County took in 31,000, costing $4.9 billion.
- Bergen County, New Jersey, saw over 30,000 newcomers, with a $1.8 billion impact.
Altogether, relocations within the Northeast accounted for a $22.8 billion loss in AGI and a population decline of more than 230,000.
Despite a doubling of millionaires in New York from 2010 to 2022—from 36,000 to 70,000—the state’s share of U.S. millionaires dropped sharply, falling from 12.7% to 8.7%.
“Our competitiveness depends in part on quality of life and public safety,” said Rein. “Simply put, some people found the value proposition of other places to be higher than New York City.”
JD’s manually curated links for God-fearing MAGA patriots
Bypass Big Tech Censors
Safeguarding Your American Dream: Discover the Power of America First Healthcare
In today’s uncertain world, where skyrocketing medical costs and bureaucratic red tape threaten the very fabric of the American way of life, protecting your family’s health and financial future has never been more critical. Medical bills remain the leading cause of bankruptcy in the U.S., with millions of hardworking Americans either uninsured, underinsured, or overburdened by premiums that don’t deliver real value. But what if there was a way to secure top-tier coverage that aligns with your conservative values, saves you money, and gives you peace of mind?
Enter America First Healthcare—a private insurance agency dedicated to empowering freedom-loving patriots like you to reclaim control over your healthcare destiny.
Founded by Jordan Sarmiento, a dynamic entrepreneur and former touring musician who knows firsthand the highs and lows of navigating America’s complex insurance landscape, America First Healthcare stands as a beacon for those who believe in small government, personal responsibility, and the enduring American Dream. Jordan’s own journey underscores the company’s mission: after a harrowing six-day hospital stay that racked up a $95,000 bill, his Conservative Care Coverage through America First Healthcare reduced his out-of-pocket expenses to just $500. This isn’t just insurance—it’s a shield against the financial pitfalls that plague so many families, ensuring you’re prepared for life’s unexpected turns without sacrificing your principles.
At its core, America First Healthcare is about more than policies; it’s about shared values. In an era where “woke” policies and liberal ideologies seem to infiltrate every corner of society, this agency prioritizes serving conservatives who value freedom and self-reliance. They offer a suite of essential services designed to fortify your life, including:
- Health Insurance: Tailored plans that keep your family healthy and ready to thrive, addressing the gaps that leave 41 million Americans vulnerable to preventable chronic diseases and inadequate coverage.
- Life Insurance: Protection that secures your loved ones’ future, ensuring your legacy endures.
- Business Insurance: Safeguards for your enterprise, preserving the income that fuels your independence.
What sets America First Healthcare apart is their commitment to personalization and savings. Start with their complimentary Free Insurance Review, where experts evaluate your current policies to uncover hidden gaps, eliminate over insurance, and potentially slash your costs by up to 20%. Whether you’re among the 27 million uninsured, the 44% underinsured on marketplace plans, or the 33% feeling squeezed by high premiums, their team crafts customized solutions that deliver better coverage at rates that respect your wallet. And with ongoing support from advisors who share your worldview, you’ll never feel alone in the fight for affordable, reliable protection.
Clients rave about the difference America First makes. Families across the nation have switched to better health insurance for less, resting easy knowing they’ve partnered with a company that puts America first. As one satisfied customer might say, it’s not just about policies—it’s about preserving the freedoms that make this country great.
Don’t let liberal overreach or financial uncertainty derail your dreams. Take the first step toward unbreakable security today by visiting for your Free Insurance Review. With America First Healthcare, you’re not just insured—you’re empowered to live the life you deserve. Act now, because your American Dream is worth protecting.
