American vs Latvian Per Capita Income
COMPARE
American
Latvian
Per Capita Income
Per Capita Income Comparison
Americans
Latvians
$39,039
PER CAPITA INCOME
0.6/ 100
METRIC RATING
264th/ 347
METRIC RANK
$52,649
PER CAPITA INCOME
100.0/ 100
METRIC RATING
28th/ 347
METRIC RANK
American vs Latvian Per Capita Income Correlation Chart
The statistical analysis conducted on geographies consisting of 582,039,940 people shows a substantial negative correlation between the proportion of Americans and per capita income in the United States with a correlation coefficient (R) of -0.545 and weighted average of $39,039. Similarly, the statistical analysis conducted on geographies consisting of 220,728,386 people shows a weak negative correlation between the proportion of Latvians and per capita income in the United States with a correlation coefficient (R) of -0.257 and weighted average of $52,649, a difference of 34.9%.
Per Capita Income Correlation Summary
| Measurement | American | Latvian |
| Minimum | $4,486 | $3,646 |
| Maximum | $47,414 | $115,504 |
| Range | $42,928 | $111,858 |
| Mean | $28,778 | $51,165 |
| Median | $28,107 | $52,046 |
| Interquartile 25% (IQ1) | $24,336 | $36,086 |
| Interquartile 75% (IQ3) | $33,158 | $65,124 |
| Interquartile Range (IQR) | $8,822 | $29,038 |
| Standard Deviation (Sample) | $7,186 | $21,773 |
| Standard Deviation (Population) | $7,166 | $21,617 |
Similar Demographics by Per Capita Income
Demographics Similar to Americans by Per Capita Income
In terms of per capita income, the demographic groups most similar to Americans are Spanish American ($39,012, a difference of 0.070%), Belizean ($39,097, a difference of 0.15%), Iroquois ($39,104, a difference of 0.16%), Marshallese ($39,108, a difference of 0.17%), and Alaskan Athabascan ($39,163, a difference of 0.32%).
| Demographics | Rating | Rank | Per Capita Income |
| Nicaraguans | 0.8 /100 | #257 | Tragic $39,372 |
| Jamaicans | 0.7 /100 | #258 | Tragic $39,231 |
| Malaysians | 0.7 /100 | #259 | Tragic $39,194 |
| Alaskan Athabascans | 0.6 /100 | #260 | Tragic $39,163 |
| Marshallese | 0.6 /100 | #261 | Tragic $39,108 |
| Iroquois | 0.6 /100 | #262 | Tragic $39,104 |
| Belizeans | 0.6 /100 | #263 | Tragic $39,097 |
| Americans | 0.6 /100 | #264 | Tragic $39,039 |
| Spanish Americans | 0.5 /100 | #265 | Tragic $39,012 |
| Salvadorans | 0.5 /100 | #266 | Tragic $38,858 |
| Immigrants | Zaire | 0.4 /100 | #267 | Tragic $38,848 |
| Liberians | 0.4 /100 | #268 | Tragic $38,780 |
| Immigrants | Jamaica | 0.4 /100 | #269 | Tragic $38,766 |
| Immigrants | Belize | 0.3 /100 | #270 | Tragic $38,614 |
| Central Americans | 0.3 /100 | #271 | Tragic $38,560 |
Demographics Similar to Latvians by Per Capita Income
In terms of per capita income, the demographic groups most similar to Latvians are Immigrants from South Central Asia ($52,660, a difference of 0.020%), Israeli ($52,596, a difference of 0.10%), Immigrants from Austria ($52,503, a difference of 0.28%), Turkish ($52,391, a difference of 0.49%), and Immigrants from Norway ($52,217, a difference of 0.83%).
| Demographics | Rating | Rank | Per Capita Income |
| Immigrants | Northern Europe | 100.0 /100 | #21 | Exceptional $54,159 |
| Indians (Asian) | 100.0 /100 | #22 | Exceptional $53,874 |
| Immigrants | Eastern Asia | 100.0 /100 | #23 | Exceptional $53,806 |
| Immigrants | Denmark | 100.0 /100 | #24 | Exceptional $53,799 |
| Immigrants | Japan | 100.0 /100 | #25 | Exceptional $53,359 |
| Russians | 100.0 /100 | #26 | Exceptional $53,154 |
| Immigrants | South Central Asia | 100.0 /100 | #27 | Exceptional $52,660 |
| Latvians | 100.0 /100 | #28 | Exceptional $52,649 |
| Israelis | 100.0 /100 | #29 | Exceptional $52,596 |
| Immigrants | Austria | 100.0 /100 | #30 | Exceptional $52,503 |
| Turks | 100.0 /100 | #31 | Exceptional $52,391 |
| Immigrants | Norway | 100.0 /100 | #32 | Exceptional $52,217 |
| Australians | 100.0 /100 | #33 | Exceptional $52,074 |
| Immigrants | Russia | 100.0 /100 | #34 | Exceptional $52,044 |
| Burmese | 100.0 /100 | #35 | Exceptional $52,005 |