New York has experienced a significant population decline of over 800,000 residents since 2020, largely attributed to a complex mix of affordability concerns and lifestyle changes.
The reasons behind the migration are multifaceted, including a desire for better affordability, proximity to family, reduced commute times, and the newfound flexibility of remote work.
State research indicates that more than just high taxes and bad weather are pushing New Yorkers out; personal reasons related to lifestyle preferences are equally influential.
The shift towards permanent remote work has redefined living preferences, with about 35% of remote-capable workers now operating from home full time, a drastic increase since the pandemic.
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