About Us Contact Us Help


Archives

Contribute

 

Our Voice And Yours

Lokvani Team
02/03/2021

Indian Americans household income average $120000 annually: Report

Indian Americans have an average annual household income of $120,000, surpassing all ethnic groups, as well as White Americans, according to a report released by the Coalition for Asian Pacific American Community Development.

But almost 7 percent of Indian Americans live at or below the federal poverty line, defined in 2018 — the year for which the report drew its data — as $12,490 for a single person, and $25, 750 for a family of four. Low-income Indian American immigrants had feared the Trump-era’s version of the public charge rule, which would deny permanent residency to those who have availed of federal public benefits, such as food stamps, housing assistance and a myriad of other benefits.

Indian Americans and Filipino Americans have the lowest poverty rates among all ethnic groups, and White Americans. Fifty-seven percent of Indian Americans own their homes, while 26 percent are renters.

But prosperity does not cut equally among all AAPI ethnicities, including other South Asian American subgroups. While the mean household income for all AAPI ethnicities is $82,000 annually, Burmese Americans earn just half of that at $42,000 per year.

Burmese Americans have the highest level of poverty in the nation, surpassing Black and LatinX households, according to CAPACD — an Oakland, California-based organization that works with low-income AAPI families.

Nepalese and Bangladeshi American households have an annual income of about $46,000, while Pakistani Americans come closer to the AAPI average, with household incomes of $79,000 per year. Eighteen percent of Bangladeshi American households fall below the federal poverty line, while 16 percent of Pakistani Americans are low-income.


(https://www.indiawest.com/news/global_indian/indian-americans-have-highest-household-income-levels-in-nation-averaging-120-000-annually-report/article_4561ff66-61a4-11eb-b433-bfdab333be12.html )

Bookmark and Share |

You may also access this article through our web-site http://www.lokvani.com/




Home | About Us | Contact Us | Copyrights Help