Panamanian vs Ecuadorian Median Family Income

The statistical analysis conducted on geographies consisting of 281,027,872 people shows a poor negative correlation between the proportion of Panamanians and median family income in the United States with a correlation coefficient (R) of -0.184 and weighted average of $97,683. Similarly, the statistical analysis conducted on geographies consisting of 317,539,775 people shows a weak negative correlation between the proportion of Ecuadorians and median family income in the United States with a correlation coefficient (R) of -0.295 and weighted average of $95,114, a difference of 2.7%.

In terms of median family income, the demographic groups most similar to Panamanians are Immigrants from Sudan ($97,737, a difference of 0.050%), Immigrants from Armenia ($97,605, a difference of 0.080%), Bermudan ($97,577, a difference of 0.11%), Nigerian ($97,522, a difference of 0.17%), and Immigrants from Bosnia and Herzegovina ($97,432, a difference of 0.26%). Similarly, the demographic groups most similar to Ecuadorians are Malaysian ($95,230, a difference of 0.12%), Marshallese ($95,293, a difference of 0.19%), Immigrants from the Azores ($95,402, a difference of 0.30%), Alaska Native ($95,573, a difference of 0.48%), and Immigrants from Panama ($95,647, a difference of 0.56%).