Indian Americans household income average $120,000 annually: Report – Times of India

WASHINGTON: The household income of Indian American family on an average is $120,000 (over Rs 87 lakhs) per annum, surpassing all ethnic groups and white Americans as well, according to a 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 ($119,858), others, like Burmese households, are earning incomes ($45,348) comparable to those earned by Black ($41,511) and Latinx ($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 ($87,194)- which is 1.2 – 2 times higher than Black, Latinx and White ($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.

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