Study shows cost of living scaring away Long Islanders
A study done by Stony Brook University and sponsored by the Long Island Index found that rising costs are scaring away Long Island residents.
The study showed that more than half of Long Islanders are considering moving off the Island to less expensive regions. Thirty-two percent said they were very likely to leave within the next five years, which is up 5 percent from last year. An additional 24 percent said they were somewhat likely to leave in search of cheaper pastures.
Local leaders say the study should force politicians into action, making strides to create affordable housing and lower the cost of living. Related Link: Long Island Index