Over 60% of migrants who have entered NY City since the spring of last year are still housed in shelters supported by public dollars spread throughout the five boroughs. The city’s skyrocketing rents, which are frequently out of reach for the working-class and the lower-middle-class people of New Yorker, have only been made worse by mass immigration.
Almost 61% of the over 90,000 migrants that have landed in NY City since April 2022, according to data that was released in the Wall Street Journal this week, are still residing in shelters and relying on public funds.
Mayor Eric Adams (D) stated that after spending over $1.4 billion to shelter, feed, as well as care for these newly arrived migrants are estimated to cost New York City taxpayers nearly $3 billion this fiscal year alone.
The problem has expanded to the point that migrants currently outnumber local New Yorkers throughout the city’s shelter system, with around 55,000 migrants living there compared to approximately 50,000 natives.
Meanwhile, both residents of New York City and those relocating there have seen their rents soar as a result of the city’s massive immigration.
Currently, the city’s median rent is roughly $3,700 per month, according to statistics gathered by Zillow. When compared to this time last year, there has been an increase of $200. The city boasts the largest selection of rental homes, with monthly rents ranging from $5,000 to $150,000.
The typical rent for a one-bedroom rental unit in the five boroughs of New York City this past month was an outrageous $3,900 per month, an almost nine percent rise from the same time last year.
Along with the thousands of legal immigrants that arrive each month, tens of thousands of border crossers and illegal aliens are also arriving, making New York City more and more out of reach for working- and lower-middle-class New Yorkers.
According to research from 2017 that was published in an issue of the Journal of Housing Economics, “rises in immigration into a metro statistical area have been associated with increasing rental rates and housing costs in that metro statistical area and neighboring metro statistical areas.”
Since mass immigration has such a noticeable effect on increasing home costs for Americans, New York Magazine recently acknowledged that it is “bad for home prices.”
The New American Economy, which is funded by Michael Bloomberg and advocates for mass immigration, released a study in 2013 that detailed how the decades-long influx of tens of millions of immigrants had contributed to an increase in housing costs of $3.7 trillion for the following generation of homebuyers while misrepresenting the figure as the development of “housing wealth.”
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