New York homes cost $832,000, so Gen Z is flocking to a city 90 miles away where they can buy nearly 3 hou
- Posted on September 18, 2026
- By Business News Today
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- 1 min read
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New York homes cost $832,000, so Gen Z is flocking to a city 90 miles away where they can buy nearly 3 hou
New York City is witnessing a mass exodus of young residents, primarily driven by soaring living costs. Many Gen-Zs are flocking to Philadelphia, drawn by its affordability and opportunities. The main reason is the rising housing costs as a typical home in the New York metro sells for about $832,000, compared with just $309,000 in Philadelphia, according to Redfin.
