Also know, are companies moving out of New York?
The answer is, they probably don't. Data from the U.S. Postal Service shows that almost 16 million people moved out of big cities in 2020, with New York City experiencing the largest exodus. Over 25% of those moves are intended to be only temporary, however, so people might (or might not) move back.
Additionally, why are New Yorkers leaving NYC? The neighbourhoods that emptied during lockdowns last year were the city's wealthiest, but a Manhattan Institute survey this summer found that two in five New Yorkers would leave the city if they could live anywhere they wanted, with dissatisfaction highest among those with lower incomes.
In this manner, where are New Yorkers moving to?
More New Yorkers Moved to New Jersey, L.A. and Chicago Than to Florida Amid Pandemic. More people from New York City's Manhattan relocated to Los Angeles, Philadelphia, Chicago, and areas of New Jersey—including Jersey City and Hoboken—instead of Florida amid the pandemic, Bloomberg reported Wednesday.
How many people move out of the Bay Area?
During the fourth quarter of 2020, roughly 114,600 people left the Bay Area, up 29.7 percent from the same period in 2019. At the same time, researchers estimated about 267,000 people left California, an increase of 14.9 percent. Far fewer people came into the state and Bay Area over the same three-month periods.
