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Department of Housing

New Yorkers flee Big Apple amid surging rents, high taxes

August 14, 2022

NEW YORK, NY - SEPTEMBER 8: in The Statue of Liberty stands in the foreground as Lower Manhattan is viewed at dusk, September 8, 2016 in New York City. New York City is preparing to mark the 15th anniversary of the September 11 terrorist attacks. (Photo by Drew Angerer/Getty Images)New York City is one of the most expensive markets worldwide. Due to surging housing costs, high taxes and the negative effects of COVID-lockdowns, a rising number of New York residents are fleeing the Big Apple.

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