A new study reveals New York City lost more residents than it gained in 2025, driven by major affordability issues.
| PULSE POINTS |
❓ WHAT HAPPENED: A new study by the Citizens’ Budget Commission has revealed that New York City lost 114,000 more residents than it gained in 2025. This continues a trend of population decline caused by people abandoning NYC for other cities. 📺 DETAIL: Fresh data from the Citizens’ Budget Commission, a non-profit public finances watchdog, published on Monday, has revealed that more people are leaving New York City than moving there. The report showed that this exodus occurred across all income levels. It also noted a large number of low and middle-income residents leaving between 2023 and 2024. New York City Mayor Zohran Mamdani has pledged to address affordability issues through initiatives such as rent freezes. However, rising property taxes, along with rising electricity and water bills remain major obstacles to living in the city. 💬 KEY QUOTE: “Across all income levels, more people moved out of New York City than moved in last year.” – Citizens’ Budget Commission report. 🎯 IMPACT: NYC’s population decline underscores the city’s high cost of living. The exodus also indicates a growing intolerance towards social problems such as crime, homelessness, and drug use. Similar trends have been observed in other major cities, such as San Francisco, where rising costs of living and declining quality of life drive even longtime residents elsewhere. 📺 FLASHBACK: The state of Democrat-run cities has become a source of concern for the Trump administration. This data follows a report from last year suggesting that Republican-controlled cities have a generally better quality of life. |
Image by Marc A. Hermann / MTA.
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