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Which cities offer Asian Americans the best opportunities to financially thrive?
An aerial view of San Carlos and Redwood City with Mount Diablo in the background.
As one of the fastest-growing demographics in the United States, Asian Americans are making serious headway in education and income. More than 59% of Asian Americans over 25 hold a bachelor’s degree, up 8% over 10 years. Median income in Asian American households was roughly $107,000 in 2022 — 43% higher than the national median household income. Despite growing success for Asian Americans, 61% said hate against their group was increasing as of March 2024. And although recent FBI data suggests a downward trend in anti-Asian hate crimes, 2022 was still higher than years past.
To get a better picture of the best and worst cities for Asian Americans to prosper, MoneyGeek analyzed and ranked 178 U.S. cities based on population, educational attainment, income and homeownership among Asian Americans. We also compared the top 20 cities across two points of crime data per 100,000 residents: the cost of crime and racially motivated hate crime. We learned that California cities tend to offer the best financial climate for Asian Americans, with a few exceptions.
Key Findings
- Asian Americans excel in educational attainment and income — More than half hold bachelor’s degrees and earn a median income that surpasses the national average by 43%.
- California cities exhibit a split trend — Some, like Mountain View and Santa Clara, offer high median individual earnings ($160,631 and $129,953, respectively), whereas others, such as San Bernardino, have low income levels and high housing costs.
- Safety varies among the top 20 cities — Although California cities like Yorba Linda and San Ramon have a low cost of crime, others, like Redwood City and San Jose, have much higher crime costs.
- The rate of college educational attainment for Asian Americans is…
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