The Economic Times

New York homes cost $832,000, so Gen Z is flocking to a city 90 miles away where they can buy nearly 3 houses for the price of one

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.