Latvian vs Australian Median Family Income
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Latvian
Australian
Median Family Income
Median Family Income Comparison
Latvians
Australians
$120,301
MEDIAN FAMILY INCOME
100.0/ 100
METRIC RATING
29th/ 347
METRIC RANK
$118,440
MEDIAN FAMILY INCOME
100.0/ 100
METRIC RATING
37th/ 347
METRIC RANK
Latvian vs Australian Median Family Income Correlation Chart
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. Similarly, 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, a difference of 1.6%.
Median Family Income Correlation Summary
Measurement | Latvian | Australian |
Minimum | $41,641 | $44,219 |
Maximum | $207,328 | $250,001 |
Range | $165,687 | $205,782 |
Mean | $114,631 | $120,063 |
Median | $116,635 | $107,342 |
Interquartile 25% (IQ1) | $80,254 | $85,865 |
Interquartile 75% (IQ3) | $139,118 | $139,651 |
Interquartile Range (IQR) | $58,864 | $53,786 |
Standard Deviation (Sample) | $40,043 | $45,096 |
Standard Deviation (Population) | $39,714 | $44,699 |
Demographics Similar to Latvians and Australians by Median Family Income
In terms of median family income, 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%). Similarly, 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%).
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 |