Family & Community

Latino families and communities embody a spirit of resilience and hope that is vital to the fabric of American society. With high rates of family formation, workforce participation, and home ownership, Latino optimism and willingness to invest in America’s present and future is both inspiring and formidable. Their impressive engagement with civic institutions also underscores Latinos’ dedication to our nation’s democracy and the development of a more perfect union.

Family Size and Composition

The average size of a Latino family in 2023 was 3.66 people, compared to 3.15 for all U.S. families. Latino households often include extended family, and fertility rates are declining but are higher than for all U.S. families.¹ Hispanic families are becoming more diverse; in 2022, 41% of Latino newlyweds born in the U.S. married someone who is not Hispanic.²

Income and Wealth

Latino wage and salary income grew more than 60% between 2010 and 2023.³ The Hispanic median wealth increased to more than $63,000 in 2022 from $17,500 in 2013, with higher levels of education and homeownership being key drivers of that growth.⁴ Despite the promise this significant growth represents, the Latino wealth gap persists. Latino wealth was about one-fifth of the median wealth of a white household.

0 %

is the amount Latino wage and salary income grew between 2010 and 2023

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Latino median wealth increase from 2013 to 2022

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of Latinos in New Mexico owned a home in 2023

Housing Status

Half of Latinos were homeowners in 2024,⁵ and Latino families who own their homes have, on average more than 26 times the net worth of those who rent.⁶ Home ownership rates vary considerably by state; 67% of Latinos in New Mexico owned a home in 2023, as did about 60% in Idaho, Texas and Arizona.⁷

DID YOU KNOW?

Between 2020 and 2040, 70% of new homeowners will be Hispanic.⁸

Civic Participation

As of November 2024, more than 36 million Latinos were eligible to vote, an increase of 153% since 2000.⁹ More than 7,000 Latinos serve as elected and appointed officials at every level of government.¹⁰

Members of Congress

On January 3, 2025, the incoming 119^th Congress included 53 Hispanics: 7 in the Senate and 46 in the House, plus 3 Representatives who identify as Afro-Latino and 1 as Hispanic and Asian/Pacific Islander.¹¹ In addition, the Resident Commissioner of Puerto Rico is a non-voting member of the House of Representatives. One Senator and 18 Representatives are Latinas.¹²

DID YOU KNOW?

In 2022, Latinos were the only racial or ethnic demographic to increase their wealth by more than threefold, significantly outpacing the general population.¹³

Footnotes

1. “Census data shows Latinos have biggest average households in U.S.,” Axios, December 7, 2023, https://www.axios.com.
2. Analysis of ACS data in “Who is Hispanic?” Pew Research Center, September 12, 2024, https://www.pewresearch.org.
3. “2025 U.S. Latino GDP Report,” UCLA and California Lutheran University, 2025, https://latinogdp.us.
4. National Association of Hispanic Real Estate Professionals (NAHREP). State of Hispanic Homeownership Report 2023, Part 2. 2023. https://nahrep.org.
5. “Report on the Economic Well-Being of U.S. Households in 2024 - May 2025,” Board of Governors of the Federal Reserve System, https://www.federalreserve.gov.
6. “2024 State of Hispanic Wealth Report,” Hispanic Wealth Project, September 2024, https://nahrep.org.
7. The Hispanic Homeownership Rate, Economists’ Outlook Blog, National Association of Realtors, October 15, 2024, https://www.nar.realtor.
8. “The Number of Hispanic Households Will Skyrocket by 2040. How Can the Housing Industry Support Their Needs?” Urban Wire, Urban Institute, 2021, https://www.urban.org.
9. “Key facts about Hispanic eligible voters in 2024,” Pew Research Center, January 10, 2024, https://www.pewresearch.org.
10. Latino Progress Report, NALEO Educational Foundation, https://naleo.org.
11. “119th Congress brings new growth in racial, ethnic diversity to Capitol Hill,” Pew Research Center, January 21, 2025, https://www.pewresearch.org.
12. “Women Elected Officials by Position,” Center for American Women and Politics, Eagleton Institute of Politics, Rutgers-New Brunswick, https://cawpdata.rutgers.edu.
13. National Association of Hispanic Real Estate Professionals (NAHREP). State of Hispanic Homeownership Report 2023, Part 2. 2023. https://nahrep.org.

Family & Community

Family & Community

Family Size and Composition

Income and Wealth

Housing Status

DID YOU KNOW?

Between 2020 and 2040, 70% of new homeowners will be Hispanic.8

Civic Participation

Members of Congress

DID YOU KNOW?

In 2022, Latinos were the only racial or ethnic demographic to increase their wealth by more than threefold, significantly outpacing the general population.13

Between 2020 and 2040, 70% of new homeowners will be Hispanic.⁸

In 2022, Latinos were the only racial or ethnic demographic to increase their wealth by more than threefold, significantly outpacing the general population.¹³