Metro New York hemorrhaged $49 billion during the 2000s as residents sought opportunity elsewhere.
Internal Revenue Service data show that the greater New York area suffered a net loss of 1.4 million domestic migrants from 2000 to 2010.
The New York metropolitan region is losing people.
Though the region and New York City itself continue to grow overall because they have more births than deaths, the Census Bureau estimates that the metro area lost almost 2 million net domestic migrants during the 2000s; that is, 2 million more people left the area for other parts of America than moved there from other parts of America.
The region offset part of that loss with a nation-leading net gain of more than 1.1 million international immigrants over the same period.
But it wasn’t enough: the region’s total net loss of people to migration amounted to 858,000. And the trend has continued into the new decade, with the New York metro area hemorrhaging another 254,000 net domestic migrants since 2010, even as the economic downturn has slowed migration generally within the United States.http://www.city-journal.org/2013/special-issue_migration.html