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Friday, March 29, 2024

Over a Third of New Yorkers Say They Can’t Afford to Live Here

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A disheartening new poll has revealed that over a third of all New Yorkers say that they cannot afford to live in any part of the state, let alone in the Big Apple. On Wednesday March 20th, the Quinnipiac poll published disclosed that 41 percent of city dwellers admit they can’t handle New York’s high cost of living, and expect that they will be moving out for economic reasons within five years or less. “They are making this city a city for the wealthy, and they are really choking out the middle class,’’ said Ari Buitron, a 49-year-old paralegal from Forest Hills, Queens, who is a born-and-raised New Yorker. “A lot of my friends have had to move to Florida, Texas, Oregon. You go to your local shop, and it’s $5 for a gallon of milk and $13 for shampoo. Do you know how much a one-bedroom, one-bathroom apartment is? $1700! What’s wrong with this picture?”

As reported by the NY Post, the poll also found separately, that 41 percent fear they will be “forced” to pull up stakes and find greener pastures where the economic conditions are more inviting. “I am definitely not going to be here five years from now. I will probably move to Florida or Texas where most of my family has moved,” said another New York native, Dexter Benjamin, 23.

Just last May, when the poll had previously been taken, the assessment was much less discouraging. Then, merely 31 percent of pollsters said they thought they would need to relocate.

Even successful New Yorkers have been enticed to move down south due to our state’s hefty tax burden and new federal tax policies penalizing those in high-tax states. “Because of the city tax and the non-deductibility of your real estate taxes, we’re seeing a lot more people with piqued interest,” said Miami property magnate, Gil Dezer. New Jersey has become a popular nearby haven.

The poll complements prior research, done by the Empire Center for Public Policy, which shows that New York leads the country in terms of residents making their way out of the state. Additionally, the poll indicated that minorities were even more susceptible to the grim economic outlook. “It’s not surprising. The out migration downstate is first and foremost about affordability. Rent and property taxes downstate are very high,” said E.J. McMahon, from the Empire Center.

The Quinnipiac poll surveyed 1,216 registered voters from March 13 to 18. There was reportedly a margin of error of about 7 points for city-specific questions.

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