NEW YORK – A new study finds that economic ties that bind New York City and the suburbs are stronger than ever, despite people working from home during the pandemic and many continuing to do so.
While people returned to the office and others continued to work remotely, Regional Plan Association Senior Regional Fellow Chris Jones said the findings of their study were quite interesting.
“We compared 2019 to 2022 and we found that the number of people who work for a New York City employer and who live outside of the five boroughs was almost the same in 2022 as it was just before the pandemic, and the amount of income that they are taking back has actually increased,” he said.
The study found that in 2022, 211,000 commuters living in the Mid-Hudson Valley earned a total of $30.2 billion from New York City-based jobs. The spending of those commuters generated an additional 109,000 jobs and $10.2 billion in earnings in the Hudson Valley.
The study found that the Hudson Valley relies on commuter salaries more than any other New York City suburb, representing 34.3 percent of total wages in the area.
