According to a new study, Long Island’s richest communities are losing young professionals at a rapid rate.

In a report released by Community Housing Innovations, Kings Point has lost 58 percent of its 25- to 34-year-olds since 2000. Those numbers include 57 percent in Westhampton and 51 percent in Oyster Bay.

The exodus, dubbed brain drain, is expected to affect many areas of Long Island,...

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