Net residential out-migration from NYC tripled during 2020, with residents in the wealthiest 10 percent of city neighborhoods 4.6 times more likely to leave
Since July 2021, the city has gained an estimated 6,332 permanent movers, indicating a gradual return to New York City
- In the first three months of the pandemic, from March to May 2020, more than 60 percent of net moves from city addresses were marked as temporary, indicating that the person or household intended to return, but since then 79 percent of net moves have been marked as permanent.
- Excluding moves marked as “temporary,” net out-migration from the city increased by an estimated 130,837 from March 2020 through June 2021, as compared to pre-pandemic trends.
- Residents from the city’s wealthiest neighborhoods were the most likely to leave. Residents in the wealthiest 10 percent of city neighborhoods, as measured by median income, were 4.6 times more likely to leave than other residents during 2020, recording 109 net move-outs per 1,000 residents vs 24 elsewhere. Moves from wealthier neighborhoods were also more likely to be recorded as temporary. About half of net out-migration from the wealthiest 10 percent of neighborhoods was marked as temporary in 2020, compared to 44 percent in the next wealthiest decile and less than 30 percent elsewhere.
- In September 2021, New York City public schools and colleges opened to full-time, in-person learning; some employers, including city government, called office workers back; and the curtains rose on Broadway after an 18-month shutdown. Not surprisingly, these events coincided with an improvement in net residential migration to the city, particularly in the neighborhoods that experienced the greatest flight in the spring of 2020.
- Since July 2021, USPS data has shown an estimated net gain of 6,332 permanent movers, indicating a gradual return to New York City, mainly in neighborhoods that experienced the greatest flight. On a per-capita basis, the largest net gains over the summer were in Chelsea/Midtown, Murray Hill/Gramercy, Battery Park City/Greenwich Village, and Chinatown/Lower East Side.
The new report, including neighborhood-level and zip code-level interactive maps, is available here.