Over at New Geography Joel Kotkin and Wendell Cox have a piece about the changing residential patterns among Asian Americans and how those changes could affect the US economy:
Asia is now the largest source of legal immigrants to the U.S., constituting 40% of new arrivals in 2013. They are the country’s highest-income, best-educated and fastest-growing racial group — their share of the U.S. population has increased from 4.2% in 2000 to 5.6% in 2010, and is expected to reach 8.6% by 2050.
Some Asian immigrant groups tend to struggle, notably Hmong, Laotians and Bangladeshis, but on average, Indians, Chinese and Koreans do at least as well as Anglos, and in some cases better. In the [US’s largest] 52 major metropolitan areas, Asians’ median household income is $70,600, compared to $66,100 for White non-Hispanics.
Widening the focus to smaller cities, for the most part, the most heavily Asian communities in America tend to be prosperous, and many are tech oriented. They also tend to be overwhelmingly suburban, often in places that have good public schools. . . .
And, they point out, these immigrants are no longer as concentrated on the West coast as in years past:
One clear trend here is that Asian populations are growing in areas that are on the cutting edge of the economy — in tech centers like Silicon Valley, and near New York’s global service firms (across the river from Manhattan, Jersey City is now 25% Asian, and New Jersey’s Asian population expanded 51% in the first decade of the century to 480,270). Around the manufacturing and technology companies of the Detroit and Seattle areas, Asian communities are growing. Troy, Mich., the center of “automation alley,” has attracted a small but expanding Asian population, and in Washington, the Boeing-dominated town of Renton and Bellevue, near Microsoft, have taken on more of an Asian flavor in the past decade.
The full piece is here.