American vs Paraguayan Median Family Income

The statistical analysis conducted on geographies consisting of 580,248,843 people shows a mild negative correlation between the proportion of Americans and median family income in the United States with a correlation coefficient (R) of -0.326 and weighted average of $92,096. Similarly, the statistical analysis conducted on geographies consisting of 95,094,698 people shows no correlation between the proportion of Paraguayans and median family income in the United States with a correlation coefficient (R) of 0.028 and weighted average of $114,016, a difference of 23.8%.

In terms of median family income, the demographic groups most similar to Americans are Nicaraguan ($92,231, a difference of 0.15%), Immigrants from Laos ($92,239, a difference of 0.16%), Osage ($91,926, a difference of 0.19%), Cape Verdean ($91,848, a difference of 0.27%), and Immigrants from Barbados ($92,419, a difference of 0.35%).

In terms of median family income, the demographic groups most similar to Paraguayans are Egyptian ($114,119, a difference of 0.090%), Immigrants from Spain ($113,815, a difference of 0.18%), Immigrants from Scotland ($114,392, a difference of 0.33%), Immigrants from Pakistan ($114,406, a difference of 0.34%), and Mongolian ($114,553, a difference of 0.47%).