throw in a couple more states the size of NYS with the same 'thing' and you might start to see why this is such an issue.
An issue sure, but not one deserving a federal response. I put in a very wealthy zip code in an even larger state (CA, zip code for Beverly Hills) and it was lower. My county is one of the wealthiest in the country and it had a much lower cost then New York. Just now I checked Chicago, it also had much lower rates.
Same for Dallas, Atlanta, Newark, Pittsburgh, Philadelphia, Portland, New Haven, Miami, Fargo, etc.
From middling small to very large cities, rich, or not so rich, in different states all over the US, the costs are much lower than in New York. I deliberately included cities in the surrounding states and they where also much lower. I also just checked Albany and Buffalo to get away from my old zip and the New York City area, they also had much higher cost than other states including the near by states like CT, NJ, and PA, and more distant large states like CA, and IL.
Makes its seem like a NY specific problem, likely something to do with local insurance, or general business regs, or the tort system. Maybe to an extent taxes (but they wouldn't be different enough to explain that large of difference, its not like CA, NJ, etc. are tax havens compared to NY)
I'm not sure what the reason is, but it probably comes out of Albany. |
