Icelander vs Northern European Median Family Income

The statistical analysis conducted on geographies consisting of 159,597,543 people shows a poor negative correlation between the proportion of Icelanders and median family income in the United States with a correlation coefficient (R) of -0.141 and weighted average of $104,282. Similarly, the statistical analysis conducted on geographies consisting of 405,831,688 people shows a slight negative correlation between the proportion of Northern Europeans and median family income in the United States with a correlation coefficient (R) of -0.088 and weighted average of $110,635, a difference of 6.1%.

In terms of median family income, the demographic groups most similar to Icelanders are Scottish ($104,288, a difference of 0.010%), Swiss ($104,396, a difference of 0.11%), Scandinavian ($104,410, a difference of 0.12%), Moroccan ($104,488, a difference of 0.20%), and Immigrants from Sierra Leone ($103,990, a difference of 0.28%).

In terms of median family income, the demographic groups most similar to Northern Europeans are Immigrants from Southern Europe ($110,614, a difference of 0.020%), Immigrants from Argentina ($110,873, a difference of 0.21%), Immigrants from Lebanon ($110,159, a difference of 0.43%), Immigrants from Kazakhstan ($110,137, a difference of 0.45%), and Korean ($110,103, a difference of 0.48%).