Icelander vs Immigrants from Panama Median Family Income

The statistical analysis conducted on geographies consisting of 159,597,543 people shows a poor negative correlation between the proportion of Icelanders and median family income in the United States with a correlation coefficient (R) of -0.141 and weighted average of $104,282. Similarly, the statistical analysis conducted on geographies consisting of 221,145,724 people shows a poor positive correlation between the proportion of Immigrants from Panama and median family income in the United States with a correlation coefficient (R) of 0.149 and weighted average of $95,647, a difference of 9.0%.

Median Family Income Correlation Summary

Measurement	Icelander	Immigrants from Panama
Minimum	$56,250	$54,583
Maximum	$165,003	$143,854
Range	$108,753	$89,271
Mean	$93,671	$93,119
Median	$90,899	$92,830
Interquartile 25% (IQ1)	$75,543	$80,245
Interquartile 75% (IQ3)	$106,880	$103,110
Interquartile Range (IQR)	$31,337	$22,865
Standard Deviation (Sample)	$25,058	$22,241
Standard Deviation (Population)	$24,750	$21,880

Similar Demographics by Median Family Income

Demographics Similar to Icelanders by Median Family Income

In terms of median family income, the demographic groups most similar to Icelanders are Scottish ($104,288, a difference of 0.010%), Swiss ($104,396, a difference of 0.11%), Scandinavian ($104,410, a difference of 0.12%), Moroccan ($104,488, a difference of 0.20%), and Immigrants from Sierra Leone ($103,990, a difference of 0.28%).

Demographics	Rating \| Rank	Median Family Income
Immigrants \| Nepal	76.3 /100 \| #154	Good $104,966
Native Hawaiians	75.8 /100 \| #155	Good $104,910
Basques	74.4 /100 \| #156	Good $104,760
Moroccans	71.6 /100 \| #157	Good $104,488
Scandinavians	70.8 /100 \| #158	Good $104,410
Swiss	70.7 /100 \| #159	Good $104,396
Scottish	69.5 /100 \| #160	Good $104,288
Icelanders	69.4 /100 \| #161	Good $104,282
Immigrants \| Sierra Leone	66.2 /100 \| #162	Good $103,990
Costa Ricans	66.2 /100 \| #163	Good $103,989
Sierra Leoneans	64.7 /100 \| #164	Good $103,859
Slovaks	63.1 /100 \| #165	Good $103,729
English	62.6 /100 \| #166	Good $103,684
South American Indians	61.9 /100 \| #167	Good $103,624
Immigrants \| Peru	60.8 /100 \| #168	Good $103,534

Demographics Similar to Immigrants from Panama by Median Family Income

In terms of median family income, the demographic groups most similar to Immigrants from Panama are Alaska Native ($95,573, a difference of 0.080%), Immigrants from the Azores ($95,402, a difference of 0.26%), Marshallese ($95,293, a difference of 0.37%), Malaysian ($95,230, a difference of 0.44%), and Vietnamese ($96,123, a difference of 0.50%).

Demographics	Rating \| Rank	Median Family Income
Delaware	5.1 /100 \| #219	Tragic $96,958
Sudanese	4.7 /100 \| #220	Tragic $96,783
Immigrants \| Ghana	4.2 /100 \| #221	Tragic $96,544
Immigrants \| Nigeria	4.0 /100 \| #222	Tragic $96,439
Venezuelans	3.7 /100 \| #223	Tragic $96,281
Immigrants \| Nonimmigrants	3.6 /100 \| #224	Tragic $96,231
Vietnamese	3.4 /100 \| #225	Tragic $96,123
Immigrants \| Panama	2.7 /100 \| #226	Tragic $95,647
Alaska Natives	2.6 /100 \| #227	Tragic $95,573
Immigrants \| Azores	2.4 /100 \| #228	Tragic $95,402
Marshallese	2.2 /100 \| #229	Tragic $95,293
Malaysians	2.2 /100 \| #230	Tragic $95,230
Ecuadorians	2.1 /100 \| #231	Tragic $95,114
Immigrants \| Venezuela	1.9 /100 \| #232	Tragic $94,904
Immigrants \| Bangladesh	1.6 /100 \| #233	Tragic $94,665