Fleeing New Yorkers Resulted in an Estimated $34 Billion in Lost Income: Study

Fleeing New Yorkers Resulted in an Estimated $34 Billion in Lost Income: Study
A man runs along the Brooklyn Heights Promenade as fog covers lower Manhattan in New York on Nov. 30, 2020. Brendan McDermid/Reuters
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Millions of people have moved out of New York City during the pandemic, but at the same time, millions of others with lower incomes have taken their place, according to a study released on Dec. 15.

All told, a net 70,000 people left the metropolitan region this year, resulting in roughly $34 billion in lost income, according to estimates from Unacast, a location analytics company.