Released: June 27, 2012
Updated: July 12, 2012
The 10 Largest Hispanic Origin Groups: Characteristics, Rankings, Top Counties
V. Economics and Health Insurance
- In 2010, the median household income for Hispanics in the U.S. was $40,000, less than the U.S. median of $49,800.
- Ecuadorians have the highest median household income among these groups, at $50,000. The median household incomes for Colombians ($49,500) and Peruvians ($48,000) are slightly less than that.
- Dominicans ($34,000), Puerto Ricans ($36,000) and Hondurans ($38,900) rank in the bottom three on the measure of median household income.
- The poverty rate among Hispanics was 25% in 2010. That compares with a 15% rate for the entire U.S. A recent Pew Hispanic Center report showed that more Latino children are living in poverty than any other major racial or ethnic group (Lopez and Velasco, 2011).
- The poverty rate is highest among Hondurans, Puerto Ricans and Mexicans (27%). They are closely followed by two groups at 26%— Dominicans and Guatemalans.
- Only Colombians and Peruvians have poverty rates below the total U.S. rate (15%). At 13%, the poverty rate is lowest among Columbians. They are followed closely by Peruvians (14%).
- Some 31% of Hispanics do not have health insurance, about twice the share of the overall U.S. population (16%).
- Half of Hondurans are uninsured. The next most likely to lack insurance are Guatemalans (48%) and Salvadorans (41%).
- Puerto Ricans (15%), Dominicans (22%) and Cubans (25%) are the groups least likely to lack health insurance.
- Fewer than half (47%) of Hispanic household heads own their homes, lower than the overall U.S. rate of 65%.
- Nearly six-in-ten (57%) Cubans own their homes—the highest homeownership rate among the 10 largest Hispanic origin groups. Mexicans have the second highest homeownership rate at 50%. They are followed by Colombians and Peruvians—both with homeownership rates of 49%.
- The three groups least likely to be homeowners are Dominicans (24%), Hondurans (29%) and Guatemalans (30%).