Flight to Florida? Data show few Manhattanites moved permanently - Rava Realty

Flight to Florida? Data show few Manhattanites moved permanently

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Headline after headline made it seem like half of Manhattan had moved to Florida for good.

Reality check: Only a small percentage of Manhattanites relocated permanently to Florida last year. And as vaccinations amp up, many might be returning — or changing their plans to move in the first place, according to Bloomberg News.

Only 2,246 people filed a permanent address change from Manhattan to Miami-Dade County last year, while 1,741 went to Palm Beach County.

Still, even a few moves can have a large impact on New York City. The top 1 percent of New Yorkers paid $4.9 billion in local income taxes in 2018,accounting for 42.5 percent of the total collected, according to the city’s Independent Budget Office.

(source: therealdeal.com)

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