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The average household earning of Indians in the US stands at $123,700, which is far higher than other immigrants, latest US census revealed
Indians living in the US are among the top earners in the country, overtaking people from other countries like Sri Lanka, Japan, China, and Pakistan, according to a recent census.
In the latest census done in August 2022, the average household earning of Indians in the US stands at $123,700, which is far higher than other immigrants, PTI news agency reported.
Not only that, Indians are also ahead of other Asian communities in the US in median family earnings ranges. Taiwanese and Filipinoswith $97,129 and $95,000 of median familyincomes are in second and third place, respectively.
About 4 million Indians currently reside in the US, including 1.6 million visa holders, 1.4 million naturalised residents and a million are US-born residents.
The survey also stated that Indiansconstitute 79 per cent of college graduates, surpassing the overall American population in terms of wealth and college education.
According to the report, the number of people who identify as Asian in the United States nearly tripled in the past three decades, and Asians are now the fastest-growing of the nation’s four largest racial and ethnic groups.
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Over the years, the Indian-Americans have steadily grown their influence in American society and have made their mark in the political space as well. The growing number of native Indian wealthy class and Indian-origin lawmakers is a testament to this fact.
Acknowledging the contribution of immigrants, especially of Indians, Republican Rich McCormick in his first speech in the US House of Representatives urged for a streamlined immigration process.
He said that the Indian-Americans constitute about one per cent of the US population and pay about six per cent of the taxes.
“I rise to this occasion to just appreciate my constituents, especially those who have immigrated from India. We have a very large portion of my community that’s made up of almost 100,000 People who have immigrated directly from India.”
“One out of every five doctors in my community is from India. They represent some of the best citizens we have in America, we should make sure that we streamline the immigration process for those who come here to obey the law and pay their taxes.”
He added, “Although they make up about one per cent of American society, they pay about 6 per cent of the taxes. They are amongst the top producers, and they do not cause problems. They follow laws.”
“They don’t have the problems that we see other people have when they come to the emergency room for overdoses and depression anxiety because they’re the most productive, most family oriented and the best of what represents American citizens. God bless my Indian constituents”.
(With inputs from agencies)
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C Krishnasai
Krishnasai is a member of the WION Web Team. He is a political news junky and an avid follower of cricket.
FAQs
In the latest census done in August 2022, the average household earning of Indians in the US stands at $123,700, which is far higher than other immigrants, PTI news agency reported. Not only that, Indians are also ahead of other Asian communities in the US in median family earnings ranges.
Are Indians the richest ethnic group in the US? ›
Indians comprise over 80% of all H-1B visas. Indian Americans have risen to become the richest ethnicity in America, with an average household income of $126,891, almost twice the U.S. average of $65,316. Since 2000, a large number of students have started migrating to the United States to pursue higher education.
Which ethnic group has highest income in US? ›
Asian Americans, with a population of around 1.8 crore, are the highest-earning ethnic group in the USA. The median household income for Asian-Americans stands at $87,243.
Is income inequality in the US rising most rapidly among Asians? ›
The biggest increase occurred among Chinese American households. Their 90/10 income ratio rose from 8.3 in 1980 to 19.2 in 2022. Korean, Japanese, Filipino and Indian households also experienced increases in income inequality over this time period. Vietnamese Americans are the exception to this pattern.
How much does an average Indian earn in the USA? ›
Average Salaries of Indians in the USA
In the past year, American Community Survey from the USA Census Bureau found that the typical income for people of Indian origin in the USA was $95,000 annually.
What race holds the most wealth in America? ›
Total household wealth grew in 2022, but white households still hold the vast majority. Since 2010, the wealth disparity between Black and white families has persistently expanded.
What race has the most millionaires in US? ›
Nearly 86% of millionaires are white. That's not constrained to just millionaires: According to the Federal Reserve, a typical white family's wealth dwarfs that of typical Black and Hispanic families, with the white family's wealth six and five times higher, respectively.
What is the richest race on Earth? ›
The Saudi Cup (G1), raced over 1,800 meters (about 1 1/8 miles) on dirt at King Abdulaziz Racetrack in Riyadh, Saudi Arabia, immediately became the richest in the world when set at $20 million on its inaugural running — a purse it has maintained through 2022.
Which US minority group has the highest median income? ›
Among all the groups, Asian households had the highest 2015–2019 median income ($88,204). The 2015– 2019 median income for non- Hispanic White households was $68,785, higher than the overall U.S. median income.
What are the top 3 ethnic groups in the US? ›
The largest number of Germans are found in the Midwest, West, and Pennsylvania. Irish-American is the second-largest ethnic group found in the United States, with 30.5 million people. The third-largest ethnic group is African-American, at 24.8 million people.
New York was the state with the greatest gap between rich and poor with a Gini coefficient score of 0.52 in 2022. Although not states, Puerto Rico and the District of Columbia were among the highest Gini coefficients in the United States that year.
Which US state has the most income inequality? ›
Income inequality in the U.S. has increased from 2006 to 2022, according to American Community Survey (ACS) data. While it's increased in the nation as a whole, it decreased in North Dakota, Washington, Hawaii, Nebraska, and Montana from 2018 to 2022. New York and Washington, D.C. lead the nation in income inequality.
What is the richest race in Canada? ›
Chinese and South-Asian Canadians are among the top earners and most educated. White people tend to be in the middle, while Latin American and Black Canadians come in lower.
How much do top 5% of Indians earn? ›
🔹 Top 5%: A monthly salary of ₹1.2 lakhs or an annual salary of ₹14.4 lakhs (based on data from the Economic Survey of India 2020-21). 🔸 Top 2%: A monthly salary of ₹2 lakhs or an annual salary of ₹24 lakhs (based on data from the All India Survey on Higher Education 2019-20).
Why are Indians top earners? ›
He asserted that Indians shine in the US because “we value good education and are the most educated ethnic group.” “We work very hard along with being frugal in our habits… We are smart… We are in IT, engineering and medicine- the highest paying jobs,” he added.
What is a good salary for an Indian? ›
What is a decent salary in India? A decent salary in India is around INR 3 lakh per annum.
Which American Indian tribe is the wealthiest? ›
The Shakopee Mdewakanton Sioux Community is the wealthiest Native American tribe, with a total wealth amounting to $2.7 billion.
Why are Indians so successful in the USA? ›
Thus, unprecedented economic success among Indian Ameri- cans could be partly attributed to the United States' immigration policies favorable to immigrants who were already highly educated before coming to the United States.
What is the most successful immigrant group in the US? ›
From the last official data, Indians, NOT Nigerians, have become the most successful immigrants in the United States, and among the overall African immigrant population, South Africans, and NOT Nigerians, are the most successful in the United States, among who, of course, are Elon Musk and Dr Patrick Soon-Shiong, a ...
What are the highest ethnic groups in USA? ›
Racial categories
| 2021 estimates, including separate category for Latino / Hispanic |
|---|
| White | 59.3% |
| Hispanic and Latino | 18.9% |
| Black | 12.6% |
| Asian | 5.9% |
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