Indian-American households in the US reported a median annual income of about $151,200, surpassing the national median of around $83,700 and ranking first among major ethnic groups, as per a report by The Australia Today citing Pew Research Center data.
With roughly 4.8 million individuals, Indian Americans constitute about 1.4% of the US population. Despite their small share, they stand out economically due to their significant presence in professional and technical fields, the report highlighted.
The report also noted that Indian Americans outpace other high-earning Asian communities, with Taiwanese-American households ranking second with a median income of about $133,300, trailing Indian-American households by approximately $17,900 or 13–14% higher.
Moreover, the combined median income for all Asian-American households stands at around $105,600, still below the average income of Indian-American households, showcasing their strong economic standing.
The high income levels of Indian Americans also translate into a substantial contribution to federal revenue, with these households collectively paying about 6% of taxes, reflecting their concentration in top-income brackets and active professional involvement.
Tesla CEO Elon Musk recently praised individuals of Indian origin, especially in fields like engineering, science, and entrepreneurship, for their significant contributions to various industries in the US. He emphasized the importance of global talent in addressing skill gaps in his companies.
Additionally, discussions for a mutually beneficial bilateral trade agreement between India and the US are ongoing, as highlighted by the government earlier this month.
