Written by Gary Simeone, email@example.com Friday, 21 March 2014
A recent study by Community Housing Innovations, Inc. found that young adults aged 25 to 34 have been fleeing Long Island towns and villages to more economically diverse neighborhoods at an alarming rate since 2000, due to a lack of affordable housing. The study published by Executive Director of CHI Alexander Roberts cited the hamlet of Oyster Bay as having lost 51 percent of its young adult population in this time span. Oyster Bay is the third largest area to lose young adults in this age range behind the Villages of Kings Point (58 percent) and Westhampton (57 percent).
Nassau County as a whole saw a decrease of 12.43 percent despite a nationwide gain of 2.76 percent in the same demographic, according to the study.