Australian vs Latvian Median Family Income
COMPARE
Australian
Latvian
Median Family Income
Median Family Income Comparison
Australians
Latvians
$118,440
MEDIAN FAMILY INCOME
100.0/ 100
METRIC RATING
37th/ 347
METRIC RANK
$120,301
MEDIAN FAMILY INCOME
100.0/ 100
METRIC RATING
29th/ 347
METRIC RANK
Australian vs Latvian Median Family Income Correlation Chart
The statistical analysis conducted on geographies consisting of 223,969,343 people shows no correlation between the proportion of Australians and median family income in the United States with a correlation coefficient (R) of -0.033 and weighted average of $118,440. Similarly, the statistical analysis conducted on geographies consisting of 220,626,536 people shows a moderate negative correlation between the proportion of Latvians and median family income in the United States with a correlation coefficient (R) of -0.402 and weighted average of $120,301, a difference of 1.6%.
Median Family Income Correlation Summary
Measurement | Australian | Latvian |
Minimum | $44,219 | $41,641 |
Maximum | $250,001 | $207,328 |
Range | $205,782 | $165,687 |
Mean | $120,063 | $114,631 |
Median | $107,342 | $116,635 |
Interquartile 25% (IQ1) | $85,865 | $80,254 |
Interquartile 75% (IQ3) | $139,651 | $139,118 |
Interquartile Range (IQR) | $53,786 | $58,864 |
Standard Deviation (Sample) | $45,096 | $40,043 |
Standard Deviation (Population) | $44,699 | $39,714 |
Demographics Similar to Australians and Latvians by Median Family Income
In terms of median family income, the demographic groups most similar to Australians are Immigrants from Turkey ($118,325, a difference of 0.10%), Israeli ($118,577, a difference of 0.12%), Immigrants from Asia ($118,291, a difference of 0.13%), Immigrants from Lithuania ($118,053, a difference of 0.33%), and Estonian ($118,013, a difference of 0.36%). Similarly, the demographic groups most similar to Latvians are Immigrants from Sri Lanka ($120,263, a difference of 0.030%), Immigrants from Denmark ($120,445, a difference of 0.12%), Russian ($120,487, a difference of 0.15%), Immigrants from France ($120,076, a difference of 0.19%), and Asian ($119,955, a difference of 0.29%).
Demographics | Rating | Rank | Median Family Income |
Immigrants | Japan | 100.0 /100 | #23 | Exceptional $122,764 |
Immigrants | Northern Europe | 100.0 /100 | #24 | Exceptional $121,840 |
Turks | 100.0 /100 | #25 | Exceptional $121,202 |
Immigrants | Switzerland | 100.0 /100 | #26 | Exceptional $120,726 |
Russians | 100.0 /100 | #27 | Exceptional $120,487 |
Immigrants | Denmark | 100.0 /100 | #28 | Exceptional $120,445 |
Latvians | 100.0 /100 | #29 | Exceptional $120,301 |
Immigrants | Sri Lanka | 100.0 /100 | #30 | Exceptional $120,263 |
Immigrants | France | 100.0 /100 | #31 | Exceptional $120,076 |
Asians | 100.0 /100 | #32 | Exceptional $119,955 |
Bhutanese | 100.0 /100 | #33 | Exceptional $119,800 |
Bolivians | 100.0 /100 | #34 | Exceptional $119,479 |
Soviet Union | 100.0 /100 | #35 | Exceptional $119,262 |
Israelis | 100.0 /100 | #36 | Exceptional $118,577 |
Australians | 100.0 /100 | #37 | Exceptional $118,440 |
Immigrants | Turkey | 100.0 /100 | #38 | Exceptional $118,325 |
Immigrants | Asia | 100.0 /100 | #39 | Exceptional $118,291 |
Immigrants | Lithuania | 100.0 /100 | #40 | Exceptional $118,053 |
Estonians | 100.0 /100 | #41 | Exceptional $118,013 |
Immigrants | Bolivia | 100.0 /100 | #42 | Exceptional $117,912 |
Bulgarians | 100.0 /100 | #43 | Exceptional $117,818 |