New numbers show an exodus of people from New York, according to the latest data from the Census Bureau.
nearly 80,000 people Leaving New York City That was just last year, according to the latest Census Bureau data.
The motivation for many is that rents in big cities are rising and people are seeking a more affordable lifestyle.
“If you’re thinking of moving, good luck finding an apartment. It’s not easy,” said Sophie Aldo, a New York City resident.
Southern counties, on average, grew faster in 2023 than in 2022, according to the Census Bureau. (Kylie Schuyler/FOX News)
Real estate agents in New York City are seeing apartment rental prices soaring into double digits.
“Prices are definitely going up. I would say prices have gone up 30 to 35 percent in the last two years,” said Sunny Zachi, head of licensed real estate brokerage at Alpha Properites. .
That’s exactly why Olivia Mitros decided to leave New York City and start a new life in Georgia.
“I just realized that there are a lot of really big cities in America to live in, and you can get a lot more for the money you earn,” Mitros said.
Rent prices are affected by the “apartment construction boom,” says Redfin’s chief economist.
One-bedroom rents will increase by $24 per month starting in 2022. (Kylie Schuyler/FOX News)
The average price for a one-bedroom apartment in the United States is $1,208. Starting in 2022, the fee will increase by $24 per month.
Zachi blames the pandemic in part for rising rent prices across the country.
”Meanwhile, fewer and fewer developers were building new apartments. We are seeing the effects now. This means that about a quarter of what was supposed to be built in 2023 has been built,” Zaci said.
Other states where people are rioting are California, Illinois, and Pennsylvania.of States on the rise The percentage of migrants are Arizona, Texas, and Florida.
Millennials lament not being able to afford a home or pay rent: ‘This is insane’
Americans are leaving expensive big cities. (Kylie Schuyler/FOX News)
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“I I graduated from college two years ago, and now many of my friends are choosing not to stay just because it’s expensive,” said New York resident Olivia Nini.
Some renters find that they can get better value for money by living in other cities.
“I I lived on the fifth floor of a walk-up in New York. There is no washing machine, dryer or dishwasher. Here in Atlanta, he has two bedrooms and a washer and dryer. I live in a luxury building and get a lower salary,” Mitros said.
If you’re thinking of moving, now is the best time to start looking for a place. Zachi said prices shoot up in the summer.
