Population growth in Northwest Arkansas has been growing by about 12,000 new residents per year - a 1,000 person a month average increase - since 2014 and there appears to be no end in sight. Economist Mervin Jebaraj says about 70% of that net growth are new residents moving to Benton and Washington counties.

"That's net in-migration, people moving to Northwest Arkansas from other parts of the state, from other parts of the country, and from other countries as well," he said.

Roughly 40% of the 70% moving in to Northwest Arkansas are coming from other areas of Arkansas, according to Jebaraj. Another 35% of the 70% growth is coming from surrounding states such as Texas, Oklahoma and Missouri. About 10% have come to Northwest Arkansas - home of Walmart, Tyson foods and J.B. Hunt's corporate headquarters - from east and west coast states like California and New York.

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