Agenda

Demographics & Housing Market Conditions

Housing Stock

SINGLE-FAMILY HOUSING UTILIZES A LARGE PERCENTAGE

OF NASHUA’S LAND.

Demographics & Housing Market Conditions

Housing Stock

NASHUA’S HOUSING STOCK IS CHANGING TO ACCOMMODATE GROWTH.

NASHUA IS ADDING HOUSING UNITS TO ACCOMMODATE ITS GROWING POPULATION.

Demographics & Housing Market Conditions

Employment and Wages

Top Ten Largest Employment Sectors 2019

Source: EMSI 2020

Demographics & Housing Market Conditions

Income
Change in Household Income by Tenure 2013-2018
Source: ACS 2013, 2018

140%
120%
100%
80%

60%

40%

20% i
0% = — a —
-20% |

-40%
Less than $25,000 - $50,000 - $75,000 - $100,000 - $150,000 +
$25,000 $49,999 $74,999 $99,999 $149,999
m@ Owner Households Renter Households

NASHUA IS SEEING AN INCREASE IN INCOMES AMONG RENTER HOUSEHOLDS.

Demographics & Housing Market Conditions

Income

Median Household Income by Race/Ethnicity
Source: ACS 2018

$100,000
$92,004 2018 Income
$90,000
$81,552

$80,000
$70,000
$60,000
$50,000

$40,000 $34,511 $33,275

$30,000
$20,000
$10,000

$0
White Alone Black or African Asian Hispanic or Latino
American

MEDIAN HOUSEHOLD INCOME OF WHITE HOUSEHOLDS IS 2.4 TIMES HIGHER THAN BLACK, HISPANIC AND
LATINO HOUSEHOLDS.

Demographics & Housing Market Conditions

Education and Income

Change in Educational Attainment 2013 - 2018

Source: ACS 2013, 2018

20%
15%
10%
- | i
0% []
-5%
-10%
-15%
No High High School Associates or Bachelor's Master's Professional or
School Diploma or Some College Degree Degree Doctorate
Diploma Equivalent
mNashua_ sHillsborough

NASHUA RESIDENTS ARE ADVANCING THEIR EDUCATION.

Demographics & Housing Market Conditions

Household Composition

HOUSEHOLDS ARE INCREASING AT A FASTER RATE THAN THE POPULATION.

Change in Household Composition 2013-2018

Source: ACS 2013, 2018

2013

% 11% 30% .
m@ Married Couple

Male

Non-Family Female

Family Households Households

Living Alone

@ Not Living Alone
% 12% 30%

2018

HOUSEHOLD COMPOSITION REMAINS RELATIVELY UNCHANGED.

Demographics & Housing Market Conditions

Population and Age

NASHUA’S POPULATION IS DIVERSIFYING.

The total population of Nashua increased by
just over 2% between 2013 and 2018, but new
residents were more diverse than in the past.

Demographics & Housing Market Conditions

Demographics & Housing Market Conditions

KEY FINDINGS FROM THE DEMOGRAPHIC AND HOUSING MARKET CONDITIONS

NASHUA IS A GROWING CITY.

Nashua’s population has risen rapidly since 1970, adding
nearly 30,000 new residents. Growth is projected to
continue through the year 2030 with the city adding
another 8,000 residents between 2018 and 2030.
Nashua’s fastest growing age cohort are those residents
55 years and older, while middle age residents 35 to 54
are shrinking.