Panamanian vs Immigrants from Caribbean 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 449,492,713 people shows a moderate negative correlation between the proportion of Immigrants from Caribbean and median household income in the United States with a correlation coefficient (R) of -0.445 and weighted average of $71,860, a difference of 14.5%.

Median Household Income Correlation Summary

Measurement	Panamanian	Immigrants from Caribbean
Minimum	$20,556	$41,053
Maximum	$178,834	$101,042
Range	$158,278	$59,989
Mean	$72,362	$67,787
Median	$68,346	$68,717
Interquartile 25% (IQ1)	$51,530	$58,750
Interquartile 75% (IQ3)	$83,972	$76,359
Interquartile Range (IQR)	$32,442	$17,609
Standard Deviation (Sample)	$29,634	$11,824
Standard Deviation (Population)	$29,377	$11,783

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 Caribbean by Median Household Income

In terms of median household income, the demographic groups most similar to Immigrants from Caribbean are U.S. Virgin Islander ($71,853, a difference of 0.010%), Immigrants from Zaire ($71,801, a difference of 0.080%), Yakama ($72,225, a difference of 0.51%), Immigrants from Honduras ($71,452, a difference of 0.57%), and Immigrants from Bahamas ($71,349, a difference of 0.72%).

Demographics	Rating \| Rank	Median Household Income
Shoshone	0.0 /100 \| #302	Tragic $72,660
Africans	0.0 /100 \| #303	Tragic $72,650
Immigrants \| Haiti	0.0 /100 \| #304	Tragic $72,599
Hondurans	0.0 /100 \| #305	Tragic $72,588
Potawatomi	0.0 /100 \| #306	Tragic $72,576
Ute	0.0 /100 \| #307	Tragic $72,402
Yakama	0.0 /100 \| #308	Tragic $72,225
Immigrants \| Caribbean	0.0 /100 \| #309	Tragic $71,860
U.S. Virgin Islanders	0.0 /100 \| #310	Tragic $71,853
Immigrants \| Zaire	0.0 /100 \| #311	Tragic $71,801
Immigrants \| Honduras	0.0 /100 \| #312	Tragic $71,452
Immigrants \| Bahamas	0.0 /100 \| #313	Tragic $71,349
Dominicans	0.0 /100 \| #314	Tragic $71,302
Ottawa	0.0 /100 \| #315	Tragic $70,984
Apache	0.0 /100 \| #316	Tragic $70,927