Indian American Households Earn Nearly 80% More Than US Median

WASHINGTON, DC – Indian American households reported a median annual income of about $151,200, far above the US median of roughly $83,700, and ranked first among all major ethnic groups in the country, a new report has said.

Pew Research Center findings said that Indian American households earn roughly $67,000 more per year, or nearly 80 percent higher than the typical American household.

Indian Americans, roughly 4.8 million people, make up a relatively small portion of the US population, just about 1.4 per cent of the country’s total population.

Despite this modest share, their economic footprint is significant due to high participation in professional, technical, and specialized fields, the report said, citing Pew findings.

“Even among other high-earning Asian communities, Indian Americans maintain a clear lead,” it added.

Taiwanese-American households rank second with a median income of about $133,300, indicating that Indian-American households earn roughly $17,900 more, or about 13–14 per cent higher.

The combined median income for all Asian American households is approximately $105,600, still well below that of the average Indian American household, the report added.

The high income of Americans of Indian origin also translates into a notable contribution to federal revenue. Indian American households collectively pay around 6 per cent of taxes, showing their concentration in top-income brackets and strong professional engagement, the report noted. (IANS)

(Courtesy: https://indiawest.com/)