Where are Asheville Metro’s New Residents Coming From?

Johnson Price Sprinkle PA investigates where Asheville  metro’s new residents are coming from due to its unique net population growth. JPS is a sixty-year-old accounting firm serving Western North Carolina with dedicated CPAs equipping small-to-middle-market businesses with tax, business consulting, audit, and technology services.

The four-county Asheville metro (Buncombe, Henderson, Haywood and Madison) is unique because its net population growth is driven solely from people moving in from somewhere else. Over the last five years, virtually all of the net change in population in the Asheville metro was from in-migration. Births among current residents were less than deaths. In total then, existing residents didn’t add any net new population.

Asking where Asheville metro’s new residents are coming from is an important question since these new residents provide insights into the metro’s future. The U.S. Census Bureau tracks migration flows; where people move to and from where. The most recent data covers migration flows from 2010 to 2014.

Among states, North Carolina is clearly the top supplier of new residents to the metro (see chart below). Among all sources, the state supplied 37 percent of Asheville metro’s new residents between 2010 and 2014. Florida ranks a distant second, providing 2,719 new residents, about 11 percent of the total.

Top States Supplying Asheville Metro’s New Residents

Top States Supplying Asheville Metro's New ResidentsUnsurprisingly, the top four metros supplying new residents to Asheville’s metropolitan area are all in North Carolina (see map and chart below). At 1,389 persons, the Charlotte-Concord-Gastonia metro provided the most new residents to Asheville’s metro of any metropolitan. Greensboro-High Point followed closely at 1,099. Raleigh and Hickory-Lenoir-Morganton ranked third and fourth, respectively. Atlanta-Sandy Springs-Roswell is the top metro outside of the state and the source of 519 new residents to Asheville’s metropolitan.

Metros Supplying Asheville Metropolitan Area’s New Residents

Metros Supplying Asheville Metropolitan Area's New Residents

Source: U.S. Census Bureau, 2010-2014


Top Metros Supplying Asheville Metropolitan Area’s New Residents

Top Metros Supplying Asheville Metropolitan Area's New Residents
Source: U.S. Census Bureau, 2010-2014

The U.S. Census Bureau also tracks new residents who come from outside the nation. The Bureau aggregates the individual country numbers into seven foreign regions. Asia supplied the most new residents to Asheville’s metro, flowed closely by Europe (see chart below).


Foreign Areas Supplying Asheville’s New Residents

Foreign Areas Supplying Asheville's New ResidentsSource: U.S. Census Bureau, 2010-2014

So where are Asheville metro’s new residents coming from? Clearly, among states and metros, North Carolina is the leading source of new residents. Yet more than half of all new residents come from an extremely broad variety of locations; helping to contribute to Asheville metro’s diverse and changing future.

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About JPS:
Johnson Price Sprinkle PA accounting firm is about >Being Greater. At JPS, our CPAs believe providing technical expertise, engaged relationships and positive initiative position clients for long-term financial success. A sixty-year-old CPA firm, JPS invests time and resources into our communities to keep WNC Being Greater. With offices in Asheville, Boone and Marion, NC, we provide innovative tax, assurance, business consulting and technology services for small-to-middle-market businesses. At JPS, our goal is to fulfill our mission: To Be Greater by positively impacting our Clients, People, Community and Profession.