It is no secret that the Nashville area is growing; however, new data shows the city saw an average of 8,900 people added to its population each year from 2014-2018.
The U.S. Census Bureau released the latest ACS five-year estimates for 2014-18 on Dec. 19. According to the U.S. census, the annual data release “helps local officials, community leaders, and businesses understand the changes taking place in their communities.” The ACS five-year estimate differs from the census count, which is taken every 10 years and will be held in spring 2020.
The Nashville-Davidson County area saw its population grow from 648,048 people in 2014 to 684,017 in 2018, a 5.55% increase, according to the U.S. Census Bureau's 2014-18 American Community Survey.
The area's growth is not limited to population size. The area saw a 19.1% increase in median income, bringing the 2018 median income to $56,507. Median home values saw a sharp increase as well, up 31% percent from 2014-18.
Nashville also saw its rent rates rise by 20% during this time frame as housing in the area has become more expensive.