Asian households are the wealthiest in America, nearly 29% of Asian American households have a net worth of $1 million or more
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Households headed by an Asian American were the wealthiest in the country in 2024. About 28.7 percent had a net worth of $1 million or more, against 22.6 percent of households with a non-Hispanic white householder, 6.3 percent with a Hispanic householder, and 4.7 percent with a Black householder, according to the Census Bureau's Wealth of Households: 2024 brief, released in July 2026 from the 2025 Survey of Income and Program Participation.
Median wealth also tells the same story. The typical Asian-headed household held $426,300 in net worth, compared with $296,200 for non-Hispanic white households, $68,160 for Hispanic households, and $37,600 for Black households. The national median was $204,900.
| Householder | Median net worth | $1 million or more | $500,000 or more | Zero or negative |
|---|---|---|---|---|
| Asian, non-Hispanic | $426,300 | 28.7% | 45.5% | 9.5% |
| White, non-Hispanic | $296,200 | 22.6% | 37.8% | 8.2% |
| Hispanic, any race | $68,160 | 6.3% | 15.7% | 13.9% |
| Black | $37,600 | 4.7% | 12.5% | 23.7% |
| All households | $204,900 | n/a | 31.5% | 11.3% |
Nearly one in four Black-headed households had zero or negative wealth, meaning debts equal to or larger than assets.
Where the wealth is held
Surprisingly, Asian households are not the most likely to own a home. Their homeownership rate in the survey was 58.5 percent, below the 70.2 percent for non-Hispanic white households. The difference shows up in other financial assets instead. Some 46.3 percent of Asian-headed households owned stocks or mutual fund shares directly, against 27.8 percent of white households, 14.2 percent of Black households, and 12.7 percent of Hispanic households. Asian households were also the most likely to hold retirement accounts, at 69.5 percent, and twice as likely as the average household to own rental property, at 13.1 percent versus 6.5 percent.
Across all households, home equity and retirement accounts together made up 66.3 percent of aggregate wealth in 2024. The 90th percentile of household wealth was $1,810,000, and the 10th percentile was zero.
Income by Asian groups
The wealth survey reports a single figure for Asian households. The bureau's American Community Survey, which cannot measure wealth but does measure income, breaks the category into more than twenty different groups.
| Group | Median household income | Population | Bachelor's or higher | Poverty rate |
|---|---|---|---|---|
| Asian Indian | $161,520 | 5,559,778 | 78% | 6.9% |
| Taiwanese | $142,691 | 380,382 | 80% | 8.1% |
| Pakistani | $112,528 | 706,253 | 62% | 10.7% |
| Filipino | $112,099 | 4,974,949 | 51% | 7.3% |
| Chinese | $111,367 | 6,208,920 | 61% | 11.1% |
| Japanese | $103,760 | 1,715,404 | 55% | 7.4% |
| Korean | $102,299 | 2,211,632 | 61% | 9.3% |
| Hmong | $97,293 | 379,699 | 27% | 11.9% |
| Vietnamese | $94,607 | 2,445,295 | 38% | 11.0% |
| Bangladeshi | $77,201 | 324,554 | 54% | 18.2% |
| Burmese | $75,272 | 249,950 | 27% | 18.2% |
Asian Indian households, the largest group after Chinese, had a median income of $161,520 in 2024, more than double the $75,272 for Burmese households. Bangladeshi and Burmese Americans had poverty rates of 18.2 percent. The three largest groups, Chinese, Indian, and Filipino, together account for about 16.7 million people, and their incomes sit at or near the top of the table.
Where the highest Asian household incomes are found by county is on the Asian household income by county ranking, and the concentration of the highest-earning group is covered in the most Indian cities in America.
The bureau published the 2023 wealth brief in July 2025 and the 2024 brief in July 2026.
Sources
Wealth figures are from Briana Sullivan, Wealth of Households: 2024, U.S. Census Bureau report P70BR-218, released July 2026, using 2025 Survey of Income and Program Participation data on wealth at the end of 2024, and from the accompanying Wealth, Asset Ownership, and Debt of Households Detailed Tables: 2024 (Table 1 for median net worth, Table 2 for asset ownership rates, Table 4 for the net worth distribution). The $1 million figures are as stated in the brief; the detailed tables top out at a $500,000-or-more bracket. Race categories follow the bureau's: white, Black, and Asian figures are for single-race, non-Hispanic householders, and Hispanic includes any race. Subgroup income, education, poverty, and population figures are from the 2024 American Community Survey 1-year Selected Population Profiles (table S0201), for people reporting each origin alone or in any combination.
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Which race has the highest household wealth in the United States?
Households headed by an Asian American, according to the Census Bureau's Wealth of Households: 2024 brief. Their median net worth was $426,300, and 28.7 percent had wealth of $1 million or more. Non-Hispanic white households were next at a $296,200 median and 22.6 percent millionaires, followed by Hispanic households at $68,160 and 6.3 percent, and Black households at $37,600 and 4.7 percent.
Why do Asian households have more wealth?
The survey shows Asian-headed households hold more financial assets rather than more housing. Their homeownership rate, 58.5 percent, is below the white rate of 70.2 percent, but 46.3 percent own stocks or mutual funds directly, against 27.8 percent of white households and 24.7 percent overall, and 69.5 percent hold a retirement account, the highest of any group. Education is a factor too: Asian Indian and Taiwanese adults have bachelor's degree rates near 80 percent.
Are all Asian American groups wealthy?
No. The wealth survey reports one figure for all Asian households, but American Community Survey income data shows a wide spread. Asian Indian households had a median income of $161,520 in 2024 and Taiwanese households $142,691, while Bangladeshi households earned $77,201 and Burmese households $75,272, both with poverty rates of 18.2 percent. The three largest groups, Chinese, Indian, and Filipino, together number about 16.7 million people and sit at the top of the income range.
