Tuesday, August 2, 2022

Living in New York is not easy, the loss of the population under the age of 5 is evident, Manhattan is the highest at 9.5%

A new report from the Economic Innovation Group (EIG) found that the nation’s metropolitan counties lost 5.4 percent of their children under the age of 5, outpacing the national decline of 3.7 percent;New York CityLos Angeles, Chicago andcaliforniaA major reason for the loss of Santa Clara is the lack of affordable housing in large cities.

The report’s lead author, Conor O’Brien, told Fortune that he was surprised by how fast big cities were moving out, “A city loses 5 to 10 percent of its children in a year or two. Tong, me Don’t think anyone expected it before the pandemic.”

According to statistics, New York CitymanhattanAt the other end of the country, Santa Clara County, California leads the West Coast with a 6.2% loss rate, followed by Brooklyn, New York City (6.8%) and Queens (6.7%). Los Angeles is followed by 5.6 percent.

In Cook Count, Illinois, the under-5 population declined by 5.3 percent, while Miami-Dade, Florida saw a decline of 4.2 percent.

While researchers agree that both low birth rates and declining immigration are attributable to the disadvantage of under-5s, it also coincides with a declining trend among under-18s.

The new crown epidemic has caused a sharp decline in the population under the age of 5 in large cities, and the decline of young children in large cities has exceeded the decline rate of young children in other counties, the researchers reported.

The report matches the findings of a March report by EIG, which stated that 14 of the top 15 counties with the greatest population growth in 2011 were large cities, but by 2021, large cities took only three places in the same ranking. Huh. , and other rankings are occupied by suburbs, small towns and suburbs.

Several suburban cities are popular and popular, including Colin County, Texas, Fort Bend County, and Riverside County, California.

The researchers pointed out that the high cost of living in large cities has led to migration. Average rents in Manhattan hit another record in June, with tenants paying more than $5,000 per month, according to a new report from real estate firm Douglas Elliman.

According to New York City landlord standards, a tenant must earn at least 40 times the monthly rent; In other words, a landlord expects Manhattan tenants to earn more than $200,000 per year.

According to online real estate broker Zillow, the median monthly rent in Los Angeles is $3,190, up 15% annually, and the median home price is over $1 million; In Santa Clara, the average home price is $1.7 million.

O’Brien warned that fewer young children in large cities could increase the tax burden and close schools; He called on cities to act now to attract more families and reduce population loss.

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