• While the number of people making more money in the top metros is growing, those earning less than $30,000 per year has fallen only 2.2 percent.
  • The years between 2009 and 2014 had the greatest share of people moving out of the 10 most expensive cities at 25.5 percent.
  • Lower-paying occupations, by far, had higher move rates.
  • Millennials move at a greater rate than expected across the board, with 51.1 percent share of migrations and highest move-away rate relative to expectation at 105.6 percent

While the top metros across the country may be combatting rising rents with booming job markets, lower-income households are being pushed out, according Trulia research. In New York City, the relocation rate for low-income earners earning less than $60,000 per year was 18 percent as of 2014.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top