Breaking down business barriers
Every year, refugees from all over the world leave their country to start anew elsewhere in hopes of creating a better life for themselves and the generations to come after them.
But how do these asylum seekers make ends meet when they arrive in a new country that’ll be their home for the unforeseeable future?
As it turns out in the US, there’s no shortage of business for refugees to set up shop in. You may be surprised to see how many different sectors of the economy refugees contribute to — and how much they have the potential to earn.
Refugee entrepreneurship at a glance
There are 180,000 refugee entrepreneurs in the United States collectively earning $4,600,000,000 in income — an average of $25,555 per person.
Credit: New American Economy
|State||Number of refugees||Spending power||% of total # of refugees (2,222,482)|
With the exception of Minnesota and Virginia, four states — California, New York, Texas and Illinois — were ranked in the top five for both refugee spending power and number of refugees.
What are the top 5 states by refugee spending power?
What are the top 5 states that host refugees?
What businesses do these refugee entrepreneurs participate In?
|% of Businesses||# of Entrepreneurs|
|Agriculture & misc||1.70%||3,077|
What is the median wage for a refugee?
- For refugees who’ve resided in the US for zero to five years, the median annual wage is $21,782.
- Refugees who’ve been a part of the US workforce for five to 15 years earn $36,886 per year.
- Refugees working for 16 to 25 years earn $51,113, which is just shy of the US median household income.
- The median refugee salary after working for 25 years is $67,000 — surpassing the US median income of $56,277.
Credit: US Census Bureau
How long will it take refugees in 50 states to surpass the US median wage of $56,277?
How many minority owned businesses are there?
How do refugees finance their businesses?
The fabric of America was founded on the idea of opportunity and that entrepreneurial spirit is still evident today with business loans and financing options being accessible as ever. It appears that the American dream continues to live on for citizens, minorities and refugees alike.
For media inquiries:
Public Relations Manager
More guides on Finder
Best and worst states for women in the US
How states compare on employment, earnings, poverty, education, health and wellbeing.
Black unemployment rates by state
Finder analyzes which states have the highest and lowest rates of employment for Black and African Americans.
Most fashionable cities in the US
Is your town on fleek, c’est chic or just plain meek? Finder explores the most fashionable cities in the United States.
Most streamed show of 2020: ‘The Office’
Hint: It stars America’s favorite boss.
US mortgage statistics
We take a look at national home loan data & trends and speculate where the mortgage market is heading.
Top school districts to purchase an affordable home
A look at America’s best school districts with the least expensive homes.
US TV streaming statistics
Some of our favourite streaming services saw a surge in page views over March. Which ones are growing the fastest? Finder unpacks the stats.
Birth rates by state
Are birth and fertility talk the elephant in the womb? Finder research looks at birth rates, fertility rates and the average age of mothers in America.
Porch pirates statistics
Porch piracy is alive and well, but there are ways to protect your deliveries this holiday season.
Which US states are hit most often by hurricanes?
We took a stroll down hurricane alley to learn which states are the most at risk for being hit, what time of year is the most active and which violent storms cost the most.
Ask an Expert