New Yorkers flock to Miami-Dade | Real Estate

Does it seem that your neighbors are chatting more about the Mets than the Marlins, Broadway rather than Brickell, or a Manhattan rather than a Mojito these days?

You’re probably not alone.

A recently released analysis from PropertyShark shows that Miami-Dade County was the most popular Florida choice for those leaving New York City, with more than 6,000 migrations, according to the 2024 domestic migration data published by the IRS, which tracks address changes on income tax returns (in this case, from 2022).

Broward County was second with 5,007, while Palm Beach County was third at 4,515. In fact, these three counties accounted for about 41 percent of the total migration from New York City to Florida.

Remote work has driven many people to leave expensive cities for more affordable destinations and better chances at owning a home. The report shows that nearly 38,000 New Yorkers moving out of state relocated to Florida (second only to New Jersey’s 63,800), while only 10,500 moved the other way around.

Miami-Dade also gained the second-largest wave of New Yorkers (6,285) relocating outside the Tri-State (New York, New Jersey and Connecticut) area, just behind Los Angeles, which saw 7,600 move from New York City.

Outside of the Tri-State area, the largest county-to-county net migration loss was from New York City to Miami-Dade — about 4,050 more taxpayers moved from the Big Apple to Miami-Dade than the other way around. Only 2,239 Miami-Dade residents made the move to one of the five New York boroughs.

PropertyShark is an online real estate database and property research tool that provides building details, ownership information, comparable sales, and foreclosure data to real estate professionals in New York and other major U.S. markets.

Comparing Miami to New York

Another interesting report by the global comparison platform Versus shows how Miami compares to New York in its comprehensive, but easy to visualize analysis, from the average cost of a cab ride or a one-room rental to the safety of drinking water, gathered from either consumer responses or other professional marketing sources.

It also includes hard-nosed figures, of course.

For instance, New York has (in comparison to Miami):

• A $2,097.66 higher average monthly salary ($6,058.32 vs. $3,960.66)

• A 1.9% lower unemployment rate (4.3% vs. 6.2%)

• A deeper population of 8.1 million more (8.5 million vs. 0.4 million)

• Just one more university (18 vs. 17)

• A younger population by 3.9 years (35.5 to 39.4)