Millennials in search of work join retirees’ migration from New York to Florida
The high taxes and cost of living that drive locals away, also make a destination unappealing to budget-minded travelers. Those that do it make it to New York; however, are more willing to spend when they arrive.
Excerpt from New York Daily News
Florida remains the top destination for outbound New Yorkers, but the new migrants are a lot younger than you’d expect.
According to the five-year American Community Survey, which the U.S. Census conducted from 2007 to 2011, 78% of the people who migrated from New York to Florida in those years were under age 60. The ages with the highest proportions of migrants to Florida were 18, 19, 21, 24, 28, 40 and 55.
Even leaving out the 18- and 19-year olds, many of whom are probably college students, that’s a lot of early retirees, and an astonishing number of young workers.