New Yorkers are constantly on the move, seeking new opportunities, lower costs of living, and a better quality of life. A recent report by StreetEasy and Zillow reveals a surprising shift in relocation trends—Philadelphia has overtaken Miami as the top destination for New Yorkers looking to move. Traditionally, Florida has been the number one choice, but affordability and proximity to New York have made Philadelphia an increasingly attractive option.

Why Philadelphia?

Philadelphia offers many of the conveniences and cultural benefits of New York but at a lower cost. Rent in Philadelphia averages around $1,700 per month, significantly lower than in NYC. The median home price is approximately $256,000, which makes homeownership more attainable compared to skyrocketing New York prices.

According to Kenny Lee, Senior Economist at StreetEasy and Zillow, “Philadelphia is often seen as a cultural sibling to New York City, but with a much more affordable cost of living.” This affordability has drawn the attention of many New Yorkers, especially younger professionals and families looking for more space without sacrificing urban living.

Employment opportunities add to Philadelphia’s appeal. Major companies such as Comcast Corporation, Toll Brothers, and Burlington Stores are headquartered there, providing a strong job market. Additionally, Philadelphia’s vibrant arts, food, and cultural scene offer a city lifestyle similar to New York’s but at a fraction of the cost.

Florida Remains a Popular Choice

Despite Philadelphia taking the top spot, Florida continues to attract many New Yorkers. Miami remains a key destination, ranking second on the list, followed by Tampa at number five and Orlando at number seven. Miami has strong financial and cultural ties to New York, making it a natural choice for those looking to relocate. However, interestingly, Miami is also the number one city where residents search for homes in NYC, suggesting that some who move away eventually consider returning.

Tampa and Orlando have become more desirable in recent years, thanks to their growing job markets and increasing housing inventory. Post-pandemic construction booms have made these cities more accessible for homebuyers. With year-round warm weather and lower housing costs compared to NYC, Florida remains a top pick for those looking to escape New York’s high prices.

Other Popular Destinations

In addition to Philadelphia and Florida, several other cities have become popular options for relocating New Yorkers. Atlanta, Boston, and Washington, D.C., all made the top five. Many of these cities offer a balance between affordability and career growth, making them attractive to professionals and families alike.

Here is the full top-ten list of destinations:

1. Philadelphia, PA
2. Miami, FL
3. Atlanta, GA
4. Boston, MA
5. Tampa, FL
6. Washington, D.C.
7. Orlando, FL
8. Los Angeles, CA
9. Charlotte, NC
10. Houston, TX

Why Are New Yorkers Leaving?

Affordability remains the primary reason for relocation. New York’s high cost of living pushes many residents to seek cities where they can get more value for their money. As remote work becomes more common, more professionals can make these moves without sacrificing career opportunities. Cities such as Atlanta and Charlotte have also experienced economic and corporate growth, further attracting former New Yorkers.

Final Thoughts

The trend of New Yorkers leaving NYC isn’t new, but the shift toward Philadelphia marks a surprising change. While Miami has traditionally been the top choice for those leaving the city, Philadelphia’s affordability, job market, and cultural familiarity have made it a preferred destination.

As more people seek budget-friendly alternatives with urban amenities, it remains to be seen whether this trend will continue or if some will eventually return to New York City. One thing is clear—where New Yorkers move next will continue to be influenced by affordability, job opportunities, and quality of life.