Northern European vs Icelander Median Earnings

The statistical analysis conducted on geographies consisting of 406,030,818 people shows a moderate negative correlation between the proportion of Northern Europeans and median earnings in the United States with a correlation coefficient (R) of -0.421 and weighted average of $48,887. Similarly, the statistical analysis conducted on geographies consisting of 159,666,599 people shows a substantial positive correlation between the proportion of Icelanders and median earnings in the United States with a correlation coefficient (R) of 0.562 and weighted average of $46,916, a difference of 4.2%.

In terms of median earnings, the demographic groups most similar to Northern Europeans are Immigrants from Zimbabwe ($48,913, a difference of 0.050%), Immigrants from Kuwait ($48,861, a difference of 0.050%), Immigrants from Ethiopia ($48,924, a difference of 0.070%), Syrian ($48,934, a difference of 0.10%), and Moroccan ($48,838, a difference of 0.10%).

In terms of median earnings, the demographic groups most similar to Icelanders are South American Indian ($46,952, a difference of 0.080%), Immigrants from Eastern Africa ($46,969, a difference of 0.11%), Norwegian ($46,865, a difference of 0.11%), Immigrants from Peru ($47,025, a difference of 0.23%), and Alsatian ($47,023, a difference of 0.23%).