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ET Wealth Wisdom Ep 42 (ET Online)

Why 65% of these respondents want to shift out of metros

04:59 Min | November 01, 2019, 2:17 PM IST
A recent ET survey found out that 65% want to move out of metros to tier 2 or 3 cities and 30% want to make the move in 5 years itself. In this week's ET Wealth wisdom podcast, we discuss other findings from this survey.
Transcript
Summary-
Hosts: Tania Jaleel, Shambhavi Mehrotra
Producer: Abhinav Tripathi

It is that time of the year again isn't it…

Oh yes it is…

You know they are saying that pollution levels are the lowest in the past three years but I don't see that as a consolation… it is still smoggy, my eyes burn, I can actually feel it in every breath I take!

I know! Bet it wants to make you flee to a cleaner city, doesn't i?

It comes as no surprise then that a recent ET survey found that 65% want to move out of metros and 78% of those surveyed said that high pollution level is the biggest reason for this

Hi everyone, I am TJ and I am SM, in this week's ET Wealth wisdom podcast, will discuss more findings from the survey conducted by ET. This was an online survey in which 3,271 respondents took part; of these 80% stay in a metro, 16% in tier 2 or 3 cities

Pollution clearly emerged as the top reason for wanting to shift out of a metro to a tier 2/3 city for most of the age groups

What about other reasons?

58% said high costs of living, 48% said sky high property prices..

Did you take this survey? Because I feel a sense of déjà vu..

Why, because I keep cribbing about how expensive the big city life is… well.. what to do if it is true.. it is not going to change… if I could I would actually move back to Cochin…

That is another question in the survey.. do you want to shift to a tier 2/3 city… and 65% like you said that yes they want to move tier 2/3 cities, and 13% said no.. and 22% were unsure, said maybe

Yeah… 31% said that they want to move back to their hometown or city… 37% said that any city with good jobs and facilities is their main requirement.. 21% said that then will want to move somewhere close to the current metro city that they are living in

If only all our hometowns had the metro facilities…

11% have just given up and want to move to any tier 2 or 3 city

You know 37% of those aged between 26-35 years are just waiting for a good job opportunity to shift out of the metros
Tell me this… why DON'T you move back to Cochin..

My job and my pay… that is the problem with smaller cities.. they don't pay as much as the bigger cities… especially for our kind of jobs I feel

You are not alone.. 30% respondents earning more than Rs 2 lakh a month refuse to compromise and will shift to a tier 2 city only if there is no salary cut, but well, can't have the cake and eat it too

You know although many of the respondents said that pay is an important factor.. what I found surprising was that 9% said that they are will to take as much as a 40% pay cut for the shift

I would not compromise on that, but looks like many are ready to give up a bit…

Check these numbers out ha… 27% said they are will to take as much as a 10% pay cut, 25% said they will to live with a 11-25% cut, and 11% said a 26-40% cut is fine

I see you making that face…

Most of us want to shift.. but how soon? Well soon, by the looks of it…

28% of respondents aged 36-45 years want to shift out of metros in the next 5 years. And there are 6% who are in the process of shifting

Ok.. so that was about those who want out.. what about those who do not want to move out the metropolis.. why do you want to stick it out
Superior quality of infrastructure and good connectivity in metros have come out as the top reasons for respondents who want to stick around
and not shift to tier 2/3 cities

Yup… children's education, better medical facilities, and higher paying jobs are some of the main reasons

That is it for the survey.. if you are someone who is considering moving out of a metro, do check out the latest ET Wealth edition at etwealth.co

In it we tell you the best tier 2 alternatives to metro cities. The cities have been compared based on cost of living like the cost for fuel, food and rent. And also qualitative measures like pollution levels, connectivity, infrastructure and average salary levels

That will be all from us for this week. Do come back next week for more wealth wisdom

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