Indian Americans household income average USD120K annually, surpassing other ethnic groups and white Americans:: Report

Coalition for Asian Pacific American Community Development in its report said data shows that some groups, like Indian households, are earning remarkably high incomes, others, like Burmese households, are earning incomes comparable to those earned by Blacks and Latinx households.

The household income of Indian American family on an average is USD 120,000 (over ₹87 lakhs) per annum, surpassing all ethnic groups and white Americans as well, according to a report.

Indian Americans are still less likely to be living in poverty compared to white, Black and Hispanic Americans, according to the study. (Reuters file photo)

Coalition for Asian Pacific American Community Development in its report said data shows that some groups, like Indian households, are earning remarkably high incomes (USD 119,858), others, like Burmese households, are earning incomes (USD 45,348) comparable to those earned by Black (USD 41,511) and Latinx (USD 51,404) households.

This pattern of vastly different economic statistics across AAPI (Asian American and Pacific Islanders) subgroups is similar across a variety of indicators, including poverty rate, homeownership rates, and rent burden, it said.

The median household income for Asians (USD 87,194)-which is 1.2 - 2 times higher than Black (USD 41,511), Latinx (USD 51,404) and White (USD 67,937) households-suggests that Asian households are doing quite well, the coalition said.

This pattern of vastly different economic statistics across AAPI subgroups is similar across a variety of indicators, including poverty rate, homeownership rates, and rent burden, which when put together correlate with the fact of extreme economic inequality within the larger category of AAPI-an unfortunate reality that is too often overlooked, it said.