Northern European vs Armenian Per Capita Income

The statistical analysis conducted on geographies consisting of 406,105,495 people shows a weak negative correlation between the proportion of Northern Europeans and per capita income in the United States with a correlation coefficient (R) of -0.282 and weighted average of $47,698. Similarly, the statistical analysis conducted on geographies consisting of 310,965,464 people shows a mild negative correlation between the proportion of Armenians and per capita income in the United States with a correlation coefficient (R) of -0.300 and weighted average of $48,287, a difference of 1.2%.

In terms of per capita income, the demographic groups most similar to Northern Europeans are Croatian ($47,742, a difference of 0.090%), Italian ($47,574, a difference of 0.26%), Macedonian ($47,573, a difference of 0.26%), Immigrants from Moldova ($47,489, a difference of 0.44%), and Immigrants from Zimbabwe ($47,394, a difference of 0.64%). Similarly, the demographic groups most similar to Armenians are Egyptian ($48,358, a difference of 0.15%), Immigrants from Indonesia ($48,195, a difference of 0.19%), Immigrants from Brazil ($48,164, a difference of 0.26%), Immigrants from Ukraine ($48,134, a difference of 0.32%), and Romanian ($48,445, a difference of 0.33%).