New transplants from NYC alone brought $455 million in annual income to the five-county region in 2019 and 2020. But they’re also bringing rising home prices and rents in Philadelphia and its suburbs, the Philadelphia Business Journal reports.
Out-of-towners — whether they be from New York, California, Chicago or Florida — often bring with them higher salaries and higher budgets. As they do, home prices and rents are rising in Philadelphia and its suburbs, theThe average adjusted gross income for people relocating from Manhattan to Montgomery County in the 2019 and 2020 tax filing years, for example, was over $198,000, according to census data. That was more than twice Montgomery County’s 2020 median household income of $94,000.
In all, new transplants from Manhattan and Brooklyn alone brought $455 million in annual income to the five-county region over those two years. More than 4,600 New Yorkers moved from New York County , Kings County or Queens County to the five-county Philadelphia area in 2019 and 2020, according to census data. That makes New York City the largest source of new residents in Philadelphia and each of its collar counties — Bucks, Chester, Delaware and Montgomery — outside of the tri-state area.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Apple releases ad for the Crash Detection feature on iPhone 14 Pro and new Apple Watch modelsApple has released a 30-second ad for its new Crash Detection feature that will be found on both the iPhone 14 Pro and the new Apple Watch models.
Weiterlesen »
Pearl Jam, Diana Ross, and 12 other concerts in the Philly areaThe best concerts over the next week include industry legends Tom Jones and Ringo Starr, as well veterans of blues and grunge, plus pop folk and Afrobeat, writes delucadan.
Weiterlesen »
Apple’s two big new safety features, explainedWhat to know about new safety features: One aims to notice if you've been in a car crash, and the other is focused on emergency communication.
Weiterlesen »
Steve Jobs Archive: Why You Should Take A Look (And Why You Shouldn’t)The new Steve Jobs Archive is remarkable and offers insights about Apple and beyond.
Weiterlesen »