Italian vs Armenian Median Family Income

The statistical analysis conducted on geographies consisting of 573,577,763 people shows no correlation between the proportion of Italians and median family income in the United States with a correlation coefficient (R) of 0.034 and weighted average of $112,372. Similarly, the statistical analysis conducted on geographies consisting of 310,689,637 people shows a mild negative correlation between the proportion of Armenians and median family income in the United States with a correlation coefficient (R) of -0.320 and weighted average of $109,692, a difference of 2.4%.

In terms of median family income, the demographic groups most similar to Italians are Immigrants from Croatia ($112,323, a difference of 0.040%), Immigrants from North America ($112,151, a difference of 0.20%), Immigrants from England ($112,038, a difference of 0.30%), Immigrants from Egypt ($111,689, a difference of 0.61%), and Immigrants from Hungary ($111,378, a difference of 0.89%). Similarly, the demographic groups most similar to Armenians are Immigrants from Kuwait ($109,731, a difference of 0.040%), Jordanian ($109,865, a difference of 0.16%), Immigrants from Moldova ($109,975, a difference of 0.26%), Zimbabwean ($110,011, a difference of 0.29%), and Korean ($110,103, a difference of 0.37%).