Panamanian vs Somali Median Household Income
COMPARE
Panamanian
Somali
Median Household Income
Median Household Income Comparison
Panamanians
Somalis
$82,272
MEDIAN HOUSEHOLD INCOME
14.0/ 100
METRIC RATING
214th/ 347
METRIC RANK
$75,782
MEDIAN HOUSEHOLD INCOME
0.3/ 100
METRIC RATING
272nd/ 347
METRIC RANK
Panamanian vs Somali 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 99,284,368 people shows a significant negative correlation between the proportion of Somalis and median household income in the United States with a correlation coefficient (R) of -0.647 and weighted average of $75,782, a difference of 8.6%.
Median Household Income Correlation Summary
| Measurement | Panamanian | Somali |
| Minimum | $20,556 | $24,660 |
| Maximum | $178,834 | $111,550 |
| Range | $158,278 | $86,890 |
| Mean | $72,362 | $71,854 |
| Median | $68,346 | $73,292 |
| Interquartile 25% (IQ1) | $51,530 | $60,808 |
| Interquartile 75% (IQ3) | $83,972 | $81,847 |
| Interquartile Range (IQR) | $32,442 | $21,039 |
| Standard Deviation (Sample) | $29,634 | $17,515 |
| Standard Deviation (Population) | $29,377 | $17,352 |
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 Somalis by Median Household Income
In terms of median household income, the demographic groups most similar to Somalis are Pennsylvania German ($75,814, a difference of 0.040%), Hmong ($75,839, a difference of 0.080%), Immigrants from Jamaica ($75,851, a difference of 0.090%), Cape Verdean ($75,848, a difference of 0.090%), and German Russian ($75,856, a difference of 0.10%).
| Demographics | Rating | Rank | Median Household Income |
| Immigrants | Belize | 0.3 /100 | #265 | Tragic $75,938 |
| Americans | 0.3 /100 | #266 | Tragic $75,932 |
| German Russians | 0.3 /100 | #267 | Tragic $75,856 |
| Immigrants | Jamaica | 0.3 /100 | #268 | Tragic $75,851 |
| Cape Verdeans | 0.3 /100 | #269 | Tragic $75,848 |
| Hmong | 0.3 /100 | #270 | Tragic $75,839 |
| Pennsylvania Germans | 0.3 /100 | #271 | Tragic $75,814 |
| Somalis | 0.3 /100 | #272 | Tragic $75,782 |
| Liberians | 0.2 /100 | #273 | Tragic $75,667 |
| British West Indians | 0.2 /100 | #274 | Tragic $75,647 |
| Immigrants | Micronesia | 0.2 /100 | #275 | Tragic $75,574 |
| Immigrants | Latin America | 0.2 /100 | #276 | Tragic $75,420 |
| Spanish Americans | 0.2 /100 | #277 | Tragic $75,386 |
| Osage | 0.2 /100 | #278 | Tragic $75,240 |
| Immigrants | Guatemala | 0.2 /100 | #279 | Tragic $75,123 |