Korean vs Immigrants from Latin America Median Household Income

The statistical analysis conducted on geographies consisting of 510,219,050 people shows a weak negative correlation between the proportion of Koreans and median household income in the United States with a correlation coefficient (R) of -0.275 and weighted average of $95,018. Similarly, the statistical analysis conducted on geographies consisting of 557,585,131 people shows a significant negative correlation between the proportion of Immigrants from Latin America and median household income in the United States with a correlation coefficient (R) of -0.654 and weighted average of $75,420, a difference of 26.0%.

Median Household Income Correlation Summary

Measurement	Korean	Immigrants from Latin America
Minimum	$52,792	$37,370
Maximum	$125,300	$94,905
Range	$72,508	$57,535
Mean	$95,651	$68,616
Median	$97,407	$70,288
Interquartile 25% (IQ1)	$87,266	$60,228
Interquartile 75% (IQ3)	$109,366	$77,376
Interquartile Range (IQR)	$22,100	$17,148
Standard Deviation (Sample)	$17,558	$12,455
Standard Deviation (Population)	$17,478	$12,411

Similar Demographics by Median Household Income

Demographics Similar to Koreans by Median Household Income

In terms of median household income, the demographic groups most similar to Koreans are Immigrants from Europe ($95,032, a difference of 0.020%), Laotian ($94,990, a difference of 0.030%), Soviet Union ($95,098, a difference of 0.080%), New Zealander ($95,146, a difference of 0.13%), and Immigrants from Norway ($94,846, a difference of 0.18%).

Demographics	Rating \| Rank	Median Household Income
Paraguayans	99.9 /100 \| #53	Exceptional $95,737
Egyptians	99.9 /100 \| #54	Exceptional $95,673
Immigrants \| Czechoslovakia	99.9 /100 \| #55	Exceptional $95,319
Immigrants \| Austria	99.9 /100 \| #56	Exceptional $95,277
New Zealanders	99.8 /100 \| #57	Exceptional $95,146
Soviet Union	99.8 /100 \| #58	Exceptional $95,098
Immigrants \| Europe	99.8 /100 \| #59	Exceptional $95,032
Koreans	99.8 /100 \| #60	Exceptional $95,018
Laotians	99.8 /100 \| #61	Exceptional $94,990
Immigrants \| Norway	99.8 /100 \| #62	Exceptional $94,846
Greeks	99.8 /100 \| #63	Exceptional $94,735
Immigrants \| Netherlands	99.7 /100 \| #64	Exceptional $94,411
Immigrants \| Belarus	99.7 /100 \| #65	Exceptional $94,399
Immigrants \| Romania	99.7 /100 \| #66	Exceptional $94,222
Immigrants \| Scotland	99.7 /100 \| #67	Exceptional $94,091

Demographics Similar to Immigrants from Latin America by Median Household Income

In terms of median household income, the demographic groups most similar to Immigrants from Latin America are Spanish American ($75,386, a difference of 0.040%), Immigrants from Micronesia ($75,574, a difference of 0.20%), Osage ($75,240, a difference of 0.24%), British West Indian ($75,647, a difference of 0.30%), and Liberian ($75,667, a difference of 0.33%).

Demographics	Rating \| Rank	Median Household Income
Cape Verdeans	0.3 /100 \| #269	Tragic $75,848
Hmong	0.3 /100 \| #270	Tragic $75,839
Pennsylvania Germans	0.3 /100 \| #271	Tragic $75,814
Somalis	0.3 /100 \| #272	Tragic $75,782
Liberians	0.2 /100 \| #273	Tragic $75,667
British West Indians	0.2 /100 \| #274	Tragic $75,647
Immigrants \| Micronesia	0.2 /100 \| #275	Tragic $75,574
Immigrants \| Latin America	0.2 /100 \| #276	Tragic $75,420
Spanish Americans	0.2 /100 \| #277	Tragic $75,386
Osage	0.2 /100 \| #278	Tragic $75,240
Immigrants \| Guatemala	0.2 /100 \| #279	Tragic $75,123
Senegalese	0.2 /100 \| #280	Tragic $74,999
Immigrants \| Liberia	0.1 /100 \| #281	Tragic $74,896
Central American Indians	0.1 /100 \| #282	Tragic $74,847
Cree	0.1 /100 \| #283	Tragic $74,685