Data Shows Decline in the Number of Young Adults in the Suburbs

Both the New York Times and WNYC's Brian Lehrer recently discussed new statistics that show a decline in the number of 25-44 year olds in the suburbs of New York City. According to experts more parents with school-age children are choosing to stay in the city and send their children to city schools than they have in the past. For instance, from 2000 -2011 Rye had a 63 percent decrease in the number of 25 to 34 year olds and a 16 percent decrease in 35 to 44 year olds.

There are several theories about what's behind this trend:

Some surmise that the exodus involves the lack of affordable housing. According to Juliette Michaelson of the Regional Plan Association, "Young people are not returning to the suburbs because they can't find the kind of housing options that they are looking for." There are not many rentals and the down payment on a house in a reasonable school district is too high. Those who do want to move to the suburbs are moving further from the city to places like Putnam County where they have a longer commute but can afford a house.

For others, the decision to stay in the city revolves around lifestyle as well as finances. Some young parents prefer living in the city where they have an easy commute, lots of activities and entertainment and can walk or take public transportation.

Ed McCormack, Communications Director for Westchester County Executive Rob Astorino, studied the issue as well and he contends that the number of children in school in Westchester has actually grown, not declined. He thinks the decline in young people is due to the fact that people are marrying later and moving to the suburbs later.

Whatever the reason, this trend could affect home sales in Scarsdale and Edgemont. What do you think?