In 2023, New York state welcomed 302,835 new residents, reflecting a 0.46% increase from the previous year’s total of 301,461 movers. Despite its appeal, New York’s high cost of living remains a challenge, with housing prices approximately 16% above the national median and a cost-of-living index of 125.1, making it one of the priciest states in the country.
Even with these costs, certain areas continue to attract newcomers due to high-paying job opportunities in healthcare, education, hospitality, and more. Albany, for instance, offers a more affordable cost-of-living index at 103.1, considerably lower than the state average. Towns like New Rochelle and Kiryas Joel provide more affordable housing options close to New York City, whose high costs significantly impact state statistics.
If you’re considering making a move to New York, keep reading to learn about the best places to live and essential tips for your relocation.
How Many People Are Moving to New York?
In 2023, New York saw 302,835 new residents, though 481,544 moved away, resulting in a net loss of 178,709. Between 2020 and 2021, New York ranked second for the largest population loss, following California. Since 2020, New York has experienced a substantial decline, partly due to remote workers seeking more affordable living options. From 2020 to 2024, the state’s population dropped by 546,146, nearly offsetting the 629,066 residents gained between 2010 and 2020. According to a ConsumerAffairs study, New York ranked as the 50th most popular state for relocation interest, based on responses from 143,506 users.
Top 5 Popular Cities for Movers in New York
Despite population declines in some areas, several New York cities remain popular destinations for newcomers. Kiryas Joel, for instance, saw an 8,906-person increase from 2020 to 2023—a 27% population growth. New Rochelle and Harrison have also attracted significant numbers, gaining 4,006 and 2,565 residents, respectively. Proximity to New York City makes these areas appealing, particularly as people seek suburban alternatives to the high-cost urban lifestyle. While monthly housing costs in New York City range from $2,000 to over $3,500, Kiryas Joel averages under $1,500 per month.
Albany, New York’s capital, is one of the most popular relocation destinations outside the NYC area. Its metro area has seen modest growth of 2.9% in recent years, avoiding the broader statewide population decline. Albany’s appeal stems from its affordable housing, job availability, and local universities.
Reasons for Moving to New York
One of the primary reasons people relocate to New York is the abundance of high-paying job opportunities. With an average state income of $80,327 (6.6% above the U.S. average of $75,358), New York’s major industries include education and health services, government, and trade, transportation, and utilities, employing over half of the workforce. The fastest-growing sectors are healthcare and hospitality, which expanded by 5.3% and 4.6%, respectively, between July 2023 and July 2024.
Housing Statistics in New York
The median rental price in New York is $1,580, and the median home price is $488,400, creating an affordability gap between renters and buyers. Homebuyers pay about 16.2% more than the national median, while renters’ costs are closer to the U.S. average. Property taxes in New York are among the nation’s highest, ranking 12th overall, with an average rate of 1.4%. In 2021, homeowners in Albany County paid an average of $4,835 annually, while in Orange County, home to Kiryas Joel, the average was $7,574.
Cost of Living in New York
With a cost-of-living index of 125.1, New York ranks as the fourth most expensive state. However, costs vary considerably, with NYC and the coastal areas being more costly than inland regions like Albany, which has a lower index of 103.1. Gas prices are also higher than average, with a gallon costing $3.61 versus the U.S. average of $3.26. Despite high costs, New York’s median household income of $80,327 helps offset living expenses, and the state’s unemployment rate aligns with the national average at 4.2%.
New York’s high living costs are driven by factors such as taxes, housing demand, and market desirability. NYC’s rental vacancy dropped from 4.5% to 1.4% between 2017 and 2021, escalating housing prices and prompting residents to consider more affordable regions.
Who Lives in New York?
As the fourth-largest U.S. state, New York’s population was estimated at 19,571,216 in 2023, a decline of 101,984 from the previous year. The population skews female, with women making up 51.2% and men 48.8%. New York’s median age is 40.1, slightly above the U.S. average. The largest demographic group is aged 25 to 34, totaling approximately 2.74 million residents. In terms of ethnicity, White Americans make up 68.5% of New Yorkers, followed by Hispanic (19.8%), Black (17.7%), and Asian (9.7%) residents.
Tips for Moving to New York
When moving to New York, having a reliable moving company can make a significant difference. Movers Not Shakers, one of NYC’s highest-rated and most reliable moving and storage providers, offers free flat-fee quotes within minutes. With services covering local, long-distance, and international moves, Movers Not Shakers can help streamline your relocation experience.
- Prepare for the Cost of Living
As the fourth most expensive state, New York has significant living costs, though areas like Albany, Rochester, and Syracuse are more affordable than NYC. Use NY.gov to compare housing prices, property taxes, and other living costs in your desired region. - Understand Insurance Requirements
New York mandates health and vehicle insurance. Review options from the New York State of Health website to explore plans and subsidies. - Explore the Job Market
Booming industries like healthcare, education, and hospitality provide ample job prospects. Resources from the New York State Department of Labor can help you understand specific job trends and opportunities. - Prepare for Varied Weather
New York’s weather ranges from humid summers to snowy winters. Be ready with appropriate clothing, snow tires, and heating systems. - Consider Transportation Options
Urban areas boast excellent public transit, while rural regions rely on personal vehicles. Check the New York Department of Transportation website for more information. - Prepare for Natural Hazards
Snowstorms, hurricanes, and floods are common in New York. The New York State Division of Homeland Security provides resources for natural hazard preparedness. - Appreciate Cultural Diversity
New York’s cultural richness spans from NYC’s vibrancy to picturesque upstate towns. Explore local festivals, museums, and historical sites. - Review Moving Costs and Tipping Etiquette
Carefully review moving quotes and factor in extra fees based on location. Tipping movers 10% to 20% of the total cost is standard.
By following these tips and working with reliable movers like Movers Not Shakers, your move to New York can be a smooth transition into the dynamic Empire State.
