Hispanics are one of the fastest growing ethnic groups in the U.S. This group comprises 21 countries, and its 5 most successful nationalities are featured below.
- Ecuadorians
They first arrived in the U.S. in 1970. Since then, most of them have settled in Queens, New York, where they are known as the “kings” of the place. A minority of them (only 60) live in North Dakota.
Characteristics:
Average household income: $48,600 per year
Average number of people living in the same house: 3.6
Percentage of house owners: 40%
Percentage of people living in poverty: 18%
Percentage of people who hold a university degree: 19%
Main occupation: services sector
The states where most Ecuadorians live are: New York, New Jersey, Florida, California and Illinois.
- Venezuelans, the great professionals
It is estimated that 260,000 people of Venezuelan origin live in the United States. Their average age is 32 years, and only 31% of them were born in the U.S. or at least one of their parents is American.
They stand out for…
…their high level of education. They are actually the most prepared Hispanic group. It is estimated that 51% of Venezuelans hold a university degree, while only 13% of Hispanics and 29% of the general population of the United States do.
It is definitely a group of highly qualified immigrants.
Characteristics
Average household income: $50,000 per year
Average number of people living in the same house: 3
Percentage of house owners: 48%
Percentage of people living in poverty: 15%
Percentage of people who hold a university degree: 51%
Main occupation: management and other professions
States where they live: Florida, Texas, New York, California and Virginia.
- Peruvians: professionals and owners
More than half a million Hispanics of Peruvian origin live in the United States, which makes them the 11th largest Latino group. They tend to be the most entrepreneurial of all groups.
They first arrived in the U.S. not so long ago. 32% of Peruvians living in the United States were born there or at least one of their parents is American.
The minority of them live in North Dakota (less than 100), while Patterson, in New Jersey, is considered the Peruvian-Americans’ nonofficial capital city.
Characteristics
Average household income: $50,000 per year
Average number of people living in the same house: 3.3
Percentage of house owners: 50%
Percentage of people living in poverty: 13%
Percentage of people who hold a university degree: 31%
Main occupation: management and other professions
States where they have settled: Florida, California, New Jersey, New York and Virginia.
- Spaniards, the most integrated ones
It is estimated that there are about 700,000 Latinos of Spanish origin in the United States, which makes them the 8th largest group among Hispanics. Spaniards are the Hispanic group with the most American citizens (93%) by birth or through naturalization.
Characteristics
Average household income: $53,000 per year
Average number of people living in the same house: 2.6
Percentage of house owners: 59%
Percentage of people living in poverty: 14%
Percentage of people who hold a university degree: 32%
Main occupation: management and other professions
States where they live: California, Texas, New Mexico, Florida and Colorado.
- Argentinians, the well-off ones
Among the 5 most economically successful Hispanic nationalities in the United States, Argentineans are on top of the list. It is estimated that about 250,000 Latinos of Argentinean origin live in the U.S.
Not only do they have the best income among Latino groups, but they also have fewer economic problems than the rest.
Characteristics
Average household income: $55,000 per year
Average number of people living in the same house: 2.8
Percentage of house owners: 53%
Percentage of people living in poverty: 11%
Percentage of people who hold a university degree: 40%
Main occupation: management and other professions
States where they live: Florida, California, New York, New Jersey and Texas.