Why are people leaving New York for Florida?
The migration from New York to Florida is increasingly driven by various factors, including economic benefits and lifestyle changes. Many residents are seeking affordable housing, a warmer climate, and a more relaxed pace of life. The rise of remote work has also enabled individuals to relocate without being tied to their jobs, further fueling this trend.
What net worth is considered rich in NYC?
Determining what constitutes "rich" in New York City is complex, with a net worth of approximately $2.9 million being the benchmark as of 2024. This figure reflects the city's high cost of living and diverse economic landscape. While it may seem steep compared to other regions, it underscores the unique challenges and opportunities that define wealth in NYC.