is living in new york one of the world's most
expensive cities worth the cost as inflation roars, young
professionals are answering no in skipping town Lincoln. Data
shows that hiring for early career professionals has been down
30% since May 2022. That's the first time the
cohort has seen a downturn in hiring since the pandemic
. The weak hiring trend came as new Yorkers face
the surging cost of living, which was already 15%
above the national back in 2020 and has only gone
up since then, rent groceries, energy bills and
everything else. I know I'm not going to be
making a bunch of money when I get out of
school and when I got to Berlin, I was
just taking note of how much groceries cost and how
much rent is. I could start somewhere new,
Have a nice salary, live comfortably and see how
I like it in new york energetically. I don't
want to do that hustle. Culture rent has hit
record highs in 2022. In september the median rent
in Manhattan was over$4000. That's up 21% since
a year ago, maybe it's not actually worth the
financial struggle. The amount of crime and what I'm
actually paying for an apartment building that I go home
at night and literally see rats crawl into it and
I'm paying$2000 a month. So where are these
young people going? More affordable pandemic boom towns like
austin texas, Denver and Nashville Tennessee. They all
beat out new york city as the fastest growing areas
for early career talent in 2021.