In this article, we look at 25 cities with the highest percentage of Asian American population. You can skip our detailed analysis on the economic contributions of Asians to the United States and head over directly to 10 Cities With Highest Percentage of Asian American Population.
Asians account for 7% of the overall population of the United States — that’s 24 million. The Chinese are the largest Asian group in the country with an estimated population of 5.2 million people, followed by Indians at second (4.8 million), and Filipinos at third (4.2 million). Despite making up only a small fraction of American society, the contributions of Asians to the US are immense.
According to a 2022 research titled Asianomics in America by The Goldman Sachs Group, Inc. (NYSE:GS), Asian Americans are the most highly educated ethnic group in the US, with 55.1% of their population aged 25 or above holding a bachelor’s degree or higher. In the workforce, Asians drive 19% of all high-impact patents and hold 13% of all STEM jobs in the US. When it comes to the American Dream, Asian Americans own close to 3 million business firms in the US. Asian Americans also dominate the high-technology R&D scene at Silicon Valley, making up 57% of the workforce, per Market Watch.
The community contributes significantly to America’s labor market and GDP. As noted by The Goldman Sachs Group, Inc. (NYSE:GS), between 2003 and 2019, Asians drove 22% of employment growth in the US and 23% of all private sector output in the country, which translates to a GDP contribution of over $1.5 trillion during this time span.
Companies Founded by Asian Americans
There are numerous companies and brands that have today become household names that were founded by Asian Americans. Two of the three co-founders of YouTube have roots in Asia. Steve Chen was born in Taiwan and moved to the United States at the age of seven. Jawed Karim was born to a Bangladeshi father and German mother. YouTube, which is now owned by…
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