Indian Americans Household Income Average $120K Annually

New Delhi: According to a recent study, the household income of Indian American family on an average is $120,000 per annum.

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, the report said.

Coalition for Asian Pacific American Community Development in its report said 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.

The median household income for Asians $87,194, which is 1.2 - 2 times higher than Black $41,511), Latinx $51,404 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, the report added.