The Brookings analysis of Census data for 2007-09 shows that the New York/Northern New Jersey area lost a net 29,292 of 25-34 year olds in that two-year span.
On the opposite end is the Austin-Round Rock, Texas, area, renowned for its music scene, which had a net gain of 14,318 so-called Millenials, followed by Denver-Aurora, Colo., which had a gain of 11, 207.
The loss of these folks also reveals “a serious problem in finding jobs,” probably as a result of the cratered finance industry, said John Logan, a demographer at Brown University.
In the long term, the trend will hurt Gotham, said the experts, as young, creative people are essential to a city’s future. These are “the generation of people who will be the leaders,” Logan said.
Young single people may not mind sharing a one bedroom with room mates, but when the nesting instinct hits, New York is an economic nonstarter, noted Sean Thompson, a 29-year-old bartender who shares a $2,000 a month studio in Battery Park City with his 30-year-old wife, a public school teacher.
“We both agree completely that New York is not the place to raise a family,” Thompson said.