Ashland City, TN Profile: Facts & Data

The Town of Ashland City had a population of 5,614 as of July 1, 2023. Ashland City ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Tennessee. See peer rankings below.

The primary coordinate point for Ashland City is located at latitude 36.2742 and longitude -87.0642 in Cheatham County. The formal boundaries for the Town of Ashland City encompass a land area of 10.6 sq. miles and a water area of 0.75 sq. miles. Cheatham County is in the Central time zone (GMT -6).

The Town of Ashland City has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Ashland City, TN Data & Demographics (As of July 1, 2023)

POPULATION
Total Population	5,614 (100%)
Population in Households	5,379 (95.8%)
Population in Families	3,996 (71.2%)
Population in Group Quarters¹	235 ( 4.2%)
Population Density	526
Diversity Index²	41


INCOME
Median Household Income	$56,266
Average Household Income	$73,471
% of Income for Mortgage⁴	23%
Per Capita Income	$31,153
Wealth Index⁵	49
Socioeconomic Status Index⁶	Low (42.2)

HOUSING
Total HU (Housing Units)	2,573 (100%)
Owner Occupied HU	1,355 (52.7%)
Renter Occupied HU	1,020 (39.6%)
Vacant Housing Units	198 ( 7.7%)
Median Home Value	$215,283
Average Home Value	$248,376
Housing Affordability Index³	110

HOUSEHOLDS
Total Households	2,375
Average Household Size	2.26
Family Households	1,361
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Ashland City, TN - Peer Comparisons by Rank and Percentile

The table below compares Ashland City to the other 504 incorporated cities, towns and CDPs in Tennessee by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2023	2023-2028
Population	2.43%	0.42%
Households	3.18%	0.66%
Families		0.58%
Median Household Income		1.93%
Per Capita Income		2.88%
Owner Occupied HU		0.34%

Variable Description	Rank	Percentile
Total Population	# 105	79th
Population Density	# 221	56th
Median Household Income	# 202	60th
Housing Affordability Index	# 199	39th
Per Capita Income	# 207	59th
Diversity Index	# 111	78th

Ashland City, TN Profile: Facts & Data

Ashland City, Tennessee - Basic Facts

Ashland City, TN Data & Demographics (As of July 1, 2023)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Ashland City, TN - Peer Comparisons by Rank and Percentile

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