Panamanian vs Scandinavian Median Household Income
COMPARE
Panamanian
Scandinavian
Median Household Income
Median Household Income Comparison
Panamanians
Scandinavians
$82,272
MEDIAN HOUSEHOLD INCOME
14.0/ 100
METRIC RATING
214th/ 347
METRIC RANK
$86,073
MEDIAN HOUSEHOLD INCOME
65.1/ 100
METRIC RATING
166th/ 347
METRIC RANK
Panamanian vs Scandinavian Median Household Income Correlation Chart
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 472,110,165 people shows a poor positive correlation between the proportion of Scandinavians and median household income in the United States with a correlation coefficient (R) of 0.188 and weighted average of $86,073, a difference of 4.6%.
Median Household Income Correlation Summary
| Measurement | Panamanian | Scandinavian |
| Minimum | $20,556 | $35,625 |
| Maximum | $178,834 | $250,001 |
| Range | $158,278 | $214,376 |
| Mean | $72,362 | $90,420 |
| Median | $68,346 | $84,951 |
| Interquartile 25% (IQ1) | $51,530 | $72,386 |
| Interquartile 75% (IQ3) | $83,972 | $92,885 |
| Interquartile Range (IQR) | $32,442 | $20,499 |
| Standard Deviation (Sample) | $29,634 | $37,436 |
| Standard Deviation (Population) | $29,377 | $37,118 |
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 Scandinavians by Median Household Income
In terms of median household income, the demographic groups most similar to Scandinavians are Norwegian ($86,084, a difference of 0.010%), Irish ($86,145, a difference of 0.080%), Czech ($86,164, a difference of 0.11%), Guamanian/Chamorro ($86,255, a difference of 0.21%), and Immigrants ($85,818, a difference of 0.30%).
| Demographics | Rating | Rank | Median Household Income |
| Immigrants | Uzbekistan | 70.1 /100 | #159 | Good $86,425 |
| Luxembourgers | 70.0 /100 | #160 | Good $86,418 |
| Slavs | 69.7 /100 | #161 | Good $86,398 |
| Guamanians/Chamorros | 67.7 /100 | #162 | Good $86,255 |
| Czechs | 66.4 /100 | #163 | Good $86,164 |
| Irish | 66.2 /100 | #164 | Good $86,145 |
| Norwegians | 65.3 /100 | #165 | Good $86,084 |
| Scandinavians | 65.1 /100 | #166 | Good $86,073 |
| Immigrants | Immigrants | 61.3 /100 | #167 | Good $85,818 |
| Icelanders | 61.0 /100 | #168 | Good $85,797 |
| Colombians | 59.7 /100 | #169 | Average $85,716 |
| Swiss | 59.2 /100 | #170 | Average $85,681 |
| Immigrants | South America | 58.1 /100 | #171 | Average $85,611 |
| Slovenes | 57.4 /100 | #172 | Average $85,562 |
| Immigrants | Cameroon | 53.4 /100 | #173 | Average $85,314 |