Type of Content
Approved Story
1
Format
Region
News Item Format
Standard
Roughly a net of 70,000 New York City residents have left the area since COVID-19 first hit the country earlier this year, resulting in approximately $34 billion in lost income, according to a study released Tuesday by location analytics company Unacast.
The report, which examined the impacts of the coronavirus pandemic on three New York City neighborhoods — Williamsburg in Brooklyn, Astoria in Queens and Tribeca in Lower Manhattan — found that about 3.57 million people in total left the city this year between Jan. 1 and Dec. 7.
Unacast found that those people took with them about $298 billion dollars of income, while the 3.5 million who immigrated to New York in that same time period brought about $264 billion to the city, leaving about $34 billion in lost income in the 8 months of the pandemic.