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Demographics
Population
Median Income
Racial Distributions
Nashua, New Hampshire, as of 2022, is classified as a city with Moderate Diversity, leaning towards a White Majority. The white population constitutes 67% of the total, with Hispanic (13%) and Asian (9%) communities representing significant portions. The city's median income in 2022 was $96,911, indicating a relatively affluent urban area. Nashua has a population of 91,162 spread over 31.73 square miles.
Over the past decade, Nashua has been transitioning from a Low Diversity community towards Moderate Diversity. In 2013, the city had a clear White Majority at 74%, bordering on Low Diversity. By 2022, this percentage decreased to 67%, while Hispanic and Asian populations grew. This shift suggests Nashua is becoming a Transitional Community, moving towards greater diversity.
The Hispanic population increased from 12% in 2013 to 14% in 2021, then slightly decreased to 13% in 2022. The Asian population has fluctuated but generally increased from 8% in 2013 to 9% in 2022. The percentage of individuals identifying as two or more races doubled from 3% in 2013 to 6% in 2022, further indicating increasing diversity.
Nashua's economic landscape has seen significant growth alongside its demographic changes. The median income rose from $62,808 in 2013 to $96,911 in 2022, a 54% increase. This growth outpaces inflation and suggests overall economic prosperity in the city.
The population has steadily increased from 87,138 in 2013 to 91,162 in 2022, a 4.6% growth. This moderate population growth, coupled with significant income increases, may indicate that the city is attracting higher-income residents or experiencing overall economic development.
Nashua's trends align with broader patterns seen in many U.S. cities, where increasing diversity is accompanied by economic growth. The substantial income growth may surpass national averages, potentially positioning Nashua as an economically attractive city in the region.
Based on the observed trends, Nashua is likely to continue its trajectory towards becoming a High Diversity community over the next decade. The consistent decrease in the white population percentage, coupled with increases in Hispanic, Asian, and multiracial populations, suggests this trend will persist.
Economically, if current trends continue, Nashua may see further increases in median income, potentially reaching or exceeding $110,000 by 2025. This economic growth, combined with increasing diversity, may attract more young professionals and families from various backgrounds, further accelerating the diversity trend.
It is important to monitor how this growth affects housing affordability and income inequality. Rapid economic growth alongside demographic changes can sometimes lead to gentrification and displacement of lower-income residents if not managed carefully.
Nashua appears to be evolving from a Moderate Diversity, White Majority community towards a potential High Diversity, economically prosperous urban center. This transition presents both opportunities for cultural enrichment and economic growth, as well as challenges in maintaining inclusivity and affordability for all residents.