Not surprisingly, expensive New York is the US city where more people of retirement age are leaving.
This was determined by a study conducted by the financial technology company SmartAsset which evaluated the nation’s 50 states and 182 cities based on the number of people aged 60 or over who moved in 2022, using data from Census Bureau.
New York City lost the most retirees in 2022, when 28,696 seniors left and only 6,194 moved here. In addition, New York ranked second among states lost the most retirees, just behind California: 24,314 arrived and 75,614 left.
“This study considers populations aged 60 and over (for these purposes, retirees) in 182 of the largest US cities where data were available,” said the study. “Also, we found net migration for each city by subtracting the number of retirees who moved to another state in 2022 from the number of people aged 60 and over who moved to the city from another state.”
Where were the people retiring from?
New York, Los Angeles and Chicago were the cities with the largest exodus. At the state level, the order was slightly reversed: California overtook New York, followed by Illinois.
Where did the professionals move his career?
Mesa (Arizona) was ranked first as the city that received the largest number of retirees in the entire country in 2022, followed by San Antonio (Texas) and Henderson (Nevada). As for states Florida leads, followed by Arizona and South Carolina. Details of the study can be found here.
In December the Census confirmed that New York was the state that lost the most population in transfers after the pandemic. California was in 2nd place. In contrast, Texas and Florida saw significant net increases.
In 2022 New York has lost a seat in the Lower House of the National Capitol as a result of this demographic declinewhich was shown since before the pandemic and it has accelerated ever since.
last year One study ranked New York as the second most expensive state to retire in the US.second only to Massachusetts. This analysis is on Seniorly consider the impact of inflation on income, rising interest rates, bank closures, and the vulnerability of the social security, using the latest data from the Census Bureau, the Centers for Medicare and Medicaid Services, and the Missouri Center for Economic Information and Research.
In New York, the economic situation and work pressure are complicated by high costs. In February a report from Columbia University and the non-profit organization Robin Hood warned against that There were 2 million poor people in New York City, most of them Hispanic and children. Even that one study was calculated $88,000 is the break-even point for a family of four to live in NYC, a figure still above the Consumer Affairs estimate for New York state ($81,396). So around 56% of New Yorkers are below or near the poverty line and many have more than one job.
Half of the families in New York City do not have enough income to survive without help from the government, family or community, warning last March with information about United Way and Fund for the City of New York (FCNY).
The country’s median family income was $70,784 in 2021, according to Census data. And for example What $65,000 could buy in 2018 would require $80,100 in 2023.
High costs not only affect families, but also singles: another recent study by SmartAsset revealed that NYC is where you need the most money to live “comfortably” as an individual: $66.62 an hour or an annual salary of $138,570.
New York is also one of the six largest cities in the United States where a family should earn more of $300,000 to “comfortably” raise two children: $318,406 to be exact.
But high costs do not guarantee prosperity in the “capital of the world”: in another recent study Only 30% of residents rated the quality of life in NYC positively. and only half plan to stay here for the next few years.
2024-05-11 13:29:23
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