Panamanian vs Immigrants from Somalia Median Household Income

The statistical analysis conducted on geographies consisting of 281,034,556 people shows a mild negative correlation between the proportion of Panamanians and median household income in the United States with a correlation coefficient (R) of -0.398 and weighted average of $82,272. Similarly, the statistical analysis conducted on geographies consisting of 92,093,487 people shows a significant negative correlation between the proportion of Immigrants from Somalia and median household income in the United States with a correlation coefficient (R) of -0.611 and weighted average of $74,300, a difference of 10.7%.

Median Household Income Correlation Summary

Measurement	Panamanian	Immigrants from Somalia
Minimum	$20,556	$21,288
Maximum	$178,834	$111,048
Range	$158,278	$89,760
Mean	$72,362	$68,739
Median	$68,346	$72,392
Interquartile 25% (IQ1)	$51,530	$59,132
Interquartile 75% (IQ3)	$83,972	$79,747
Interquartile Range (IQR)	$32,442	$20,615
Standard Deviation (Sample)	$29,634	$16,683
Standard Deviation (Population)	$29,377	$16,570

Similar Demographics by Median Household Income

Demographics Similar to Panamanians by Median Household Income

In terms of median household income, the demographic groups most similar to Panamanians are Vietnamese ($82,248, a difference of 0.030%), Yugoslavian ($82,186, a difference of 0.10%), Nepalese ($82,410, a difference of 0.17%), Venezuelan ($82,432, a difference of 0.20%), and Salvadoran ($82,449, a difference of 0.22%).

Demographics	Rating \| Rank	Median Household Income
Dutch	20.3 /100 \| #207	Fair $82,971
French Canadians	18.7 /100 \| #208	Poor $82,810
Immigrants \| Iraq	16.7 /100 \| #209	Poor $82,594
Immigrants \| Uruguay	16.4 /100 \| #210	Poor $82,560
Salvadorans	15.4 /100 \| #211	Poor $82,449
Venezuelans	15.3 /100 \| #212	Poor $82,432
Nepalese	15.1 /100 \| #213	Poor $82,410
Panamanians	14.0 /100 \| #214	Poor $82,272
Vietnamese	13.8 /100 \| #215	Poor $82,248
Yugoslavians	13.3 /100 \| #216	Poor $82,186
Ecuadorians	12.5 /100 \| #217	Poor $82,070
Whites/Caucasians	12.2 /100 \| #218	Poor $82,029
Nigerians	10.3 /100 \| #219	Poor $81,725
Immigrants \| Venezuela	9.0 /100 \| #220	Tragic $81,506
Immigrants \| Ghana	9.0 /100 \| #221	Tragic $81,489

Demographics Similar to Immigrants from Somalia by Median Household Income

In terms of median household income, the demographic groups most similar to Immigrants from Somalia are Iroquois ($74,279, a difference of 0.030%), Immigrants from Central America ($74,217, a difference of 0.11%), Mexican ($74,399, a difference of 0.13%), Fijian ($74,205, a difference of 0.13%), and Bangladeshi ($74,112, a difference of 0.25%).

Demographics	Rating \| Rank	Median Household Income
Immigrants \| Guatemala	0.2 /100 \| #279	Tragic $75,123
Senegalese	0.2 /100 \| #280	Tragic $74,999
Immigrants \| Liberia	0.1 /100 \| #281	Tragic $74,896
Central American Indians	0.1 /100 \| #282	Tragic $74,847
Cree	0.1 /100 \| #283	Tragic $74,685
Yaqui	0.1 /100 \| #284	Tragic $74,596
Mexicans	0.1 /100 \| #285	Tragic $74,399
Immigrants \| Somalia	0.1 /100 \| #286	Tragic $74,300
Iroquois	0.1 /100 \| #287	Tragic $74,279
Immigrants \| Central America	0.1 /100 \| #288	Tragic $74,217
Fijians	0.1 /100 \| #289	Tragic $74,205
Bangladeshis	0.1 /100 \| #290	Tragic $74,112
Hispanics or Latinos	0.1 /100 \| #291	Tragic $73,823
Comanche	0.1 /100 \| #292	Tragic $73,747
Immigrants \| Cabo Verde	0.1 /100 \| #293	Tragic $73,515