Panamanian vs Hispanic or Latino 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 576,861,643 people shows a near-perfect negative correlation between the proportion of Hispanics or Latinos and median family income in the United States with a correlation coefficient (R) of -0.909 and weighted average of $85,647, a difference of 14.1%.

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%).

In terms of median family income, the demographic groups most similar to Hispanics or Latinos are Mexican ($85,618, a difference of 0.030%), Spanish American Indian ($85,728, a difference of 0.090%), Colville ($85,792, a difference of 0.17%), Paiute ($85,414, a difference of 0.27%), and Immigrants from Dominica ($85,411, a difference of 0.28%).