Almost half of New York City dwellers earning $100,000 a year or more have considered leaving the metropolis during the pandemic because the cost of living there is so high, according to a poll by the Siena College Research Institute.
Forty-four percent of the 782 city residents, surveyed in late July, said they had thought about leaving New York at least once from March through June. About 69 percent said the main reason was the cost of living there.
Also, only about 40 percent rated the quality of life in New York as “excellent” or “good,” compared to 79 percent pre-pandemic.
Almost 70 percent said it would take “a year or longer” for life in the city to return to normal.
Two-thirds of respondents said that working from home is New York’s “new normal;” 30 percent of those said the ability to work at home was the spur for them to want to flee the Big Apple.
Among the 50 survey respondents who earn $100,000 or more and have already left the city, 12 said they did so because they were now able to work from home.
Home prices in Kingston, New York (the hometown of the Trends Research Institute and Gerald Celente’s three pre-Revolutionary buildings on the nation’s most historic four corners), located some 90 miles north of New York City, had the fastest-rising home prices in the U.S. in August, according to the National Association of Realtors. Prices also are soaring in the Hamptons on Long Island.
For those who want to flee farther, Goldman Sachs CEO David Solomon is selling his 83-acre estate in Aspen. Asking price: $25 million.
