by Mike ‘Mish’ Shedlock
The cost of living in New York City is so steep that in the past 4 months, 35% have considered leaving.
High Income Flight
A Siena College study shows 44 Percent of Six-Figure Earners in NYC Have Considered Relocating.
The study also states 80% of those living in the city make $100,000 or more, and that translates to 35.2% of all residents.
1. Of New York City residents who earn $100,000 or more annually, 44% have considered moving out of the city in the past four months. Looking ahead, 37% say that it is at least somewhat likely that they will not be living in the city within the next two years.