American vs Laotian 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 224,714,380 people shows a moderate positive correlation between the proportion of Laotians and median family income in the United States with a correlation coefficient (R) of 0.431 and weighted average of $112,859, a difference of 22.5%.

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 Laotians are Immigrants from Italy ($112,848, a difference of 0.010%), Afghan ($112,971, a difference of 0.10%), Immigrants from Western Europe ($112,688, a difference of 0.15%), Argentinean ($112,665, a difference of 0.17%), and Immigrants from Eastern Europe ($112,527, a difference of 0.30%).