Hoboken's gentrification has become relatively advanced, though many native residents remain in the city and hold political power. The population of "newcomers" or "yuppies", as they are typically called in the local press, consists of college and post-graduate students, bi-nationals, older artists and, increasingly, well-to-do commuters to Manhattan. However, rising rents and other costs of living, particularly in rental units, has resulted in some of the "bohemian" population moving away.