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The Wealthy Are Leaving New York As City Undergoes Monumental Demographic Shift



The New York metropolitan area lost 70,000 people during the coronavirus pandemic, equating to tens of billions in lost income for the city.

In total, about 3.57 million people left the city from Jan. 1 through Dec. 7, Reuters reported, citing data from Unacast. Around 3.5 million people moved in during that time; however, they were people with lower average incomes. The net loss for the city was 70,000 people — and $34B in lost income, the report showed.

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