POUGHKEEPSIE – More than 28,000 households have moved out of the Hudson Valley during the period 2011 to 2016, according to a new report from the Marist College Bureau of Economic Research.
The study used IRS migration data.
Christy Huebner Caridi, the bureau director and assistant professor of economics at Marist, said the migration “resulted in an average annual net loss of $1.3 billion in adjusted gross income.” She said that loss “impacts everything from how infrastructure is maintained to what businesses might come into the region.”
The report also showed how employment varied by county in the region. While New York City remains a source of employment at just under 24 percent of all jobs held by Hudson Valley, Westchester residents are the most dependent on Big Apple employment at over 35 percent of all jobs held and 65 percent of all commutation activity. Rockland County is the second most dependent at over 22 percent and 38 percent, respectively.
Caridi said the region continues to see significant migratory activity among
Rockland, Orange and Sullivan counties. The overall trend is movement from the lower Hudson Valley in favor of the upper Hudson Valley, Cardi said.
