Indian Americans are the richest community in the US with median income of $100,547

9% of adult Indian Americans live in poverty, though.

By Raif Karerat

dollars

WASHINGTON, DC: The median income of India Americans — the richest ethnic community in the U.S. — was $100,547, according to new figures released by the US Census Bureau.

It also revealed Indian Americans are the third largest Asian community in the United States after Chinese and Filipinos.

The Chinese (except Taiwanese) population was the largest Asian group, followed by Filipinos (3.6 million), Indian American (3.5 million), Vietnamese (1.9 million), Koreans (1.8 million), and Japanese (1.4 million).

Despite ranking only third in population size, Indian Americans managed to take the top spot for income.

The median income in 2013 for Indian Americans was $100,547; while for Bangladeshi Americans it was $51,331.

According to the data, the estimated number of U.S. residents in 2013 who were Asian, either wholly or in combination with another race, was 19.4 million.

Indian Americans have been a historical constant on ethnic income list over the past few years. Half a decade ago, Indian Americans took home a median of $86,135. South African Americans slotted into second with median $81,912 take-home, while Filipino Americans had the third highest median income at $76,954.

Median household income in the United States in 2013 was $51,939; the change in real terms from the 2012 median of $51,759 was not statistically significant. “This is the second consecutive year that the annual change was not statistically significant, following two consecutive annual declines.”

Meanwhile, the poverty rate declined from the previous year for the first time since 2006. The nation’s official poverty rate in 2013 was 14.5 percent, down from 15.0 percent in 2012. The 45.3 million people living at or below the poverty line in 2013, for the third consecutive year, did not represent a statistically significant change from the previous year’s estimate.

Only 9 percent of adult Indian Americans live in poverty, compared with 12 percent of Asian Americans overall and 13 percent of the U.S. population, according to the Pew Research Center.

In 2010, 28 percent of Indian Americans worked in science and engineering fields; according to the 2013 American Community Survey, more than two-thirds (69.3 percent) of Indian Americans aged 16 and older were in management, business, science and arts occupations.

Comments are closed.