According to an article published by Bloomberg, issues such as the COVID-19 pandemic, insecurity, high costs of living and taxes, are some of the reasons why hundreds of citizens of New York and California have undertaken their “exodus” towards other cities in the United States.
Although it seems that only billionaires like Elon Musk have sought to relocate to states like Florida and Texas in the United States, the truth is different, as citizens considered to be “common” have also sought a cheaper “way out” to their cities of origin.
According to Bloomberg, residents of New York City and the San Francisco Bay Area “have long tolerated exorbitant spending, crowded apartments and other disadvantages due to access to more jobs, arts, culture and entertainment.” .
Likewise, it is stated that one of the main and most recent reasons for initiating this migration, was the pandemic and its collateral effects. Citizens, being locked in spaces as small as New York homes, with high prices and remote work, decided to “leave behind their social and professional circles for a better quality of life in other places.”
Regarding the entries and applications of the cities for this 2020, Linkedin shared that between the months of April to October, the main cities that have received more citizens are: Austin (Texas), Phoenix (Arizona), Nashville (Tennessee), Tampa and Jacksonville (Florida).
Similarly, the Linkedin report shared that the cities that suffered the most migration of their inhabitants were: Hartford (Connecticut), New York (New York), San Francisco Bay Area (California), Chicago (Illinois) and Cleveland (Ohio).
The Council for Community and Economic Research, shared that services and products such as: gas, haircut, yoga, a Coca-Cola drink, coffee and beer, in the aforementioned cities can become too expensive.
Another factor that was determining for Americans to decide to move was the tax incentives, since “cities in the states with low or no income taxes attract the most people.” Places like Florida and Texas run a maximum marginal individual income tax rate of zero.
Some think that moving from the most promising cities regarding job opportunities would be “suicide” for their careers, but the truth is otherwise. For certain people like the associate of a consulting firm, Savannah Augunas, this change of residence from New York to Maine has been a positive thing.
The woman related that prices in her home state are much more bearable than in New York, since in “The Big Apple” she paid a monthly value of US $ 1,375 for a room in Boerum Hill, Brooklyn; while in Portland he only pays US $ 850 a month for a three-bedroom apartment (where I adapt one to be his office), two bathrooms and a patio.
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