Armenian vs Mongolian Per Capita Income

The statistical analysis conducted on geographies consisting of 310,965,464 people shows a mild negative correlation between the proportion of Armenians and per capita income in the United States with a correlation coefficient (R) of -0.300 and weighted average of $48,287. Similarly, the statistical analysis conducted on geographies consisting of 140,356,705 people shows no correlation between the proportion of Mongolians and per capita income in the United States with a correlation coefficient (R) of -0.006 and weighted average of $49,173, a difference of 1.8%.

In terms of per capita income, the demographic groups most similar to Armenians are Egyptian ($48,358, a difference of 0.15%), Immigrants from Indonesia ($48,195, a difference of 0.19%), Immigrants from Brazil ($48,164, a difference of 0.26%), Immigrants from Ukraine ($48,134, a difference of 0.32%), and Romanian ($48,445, a difference of 0.33%). Similarly, the demographic groups most similar to Mongolians are Immigrants from Hungary ($49,303, a difference of 0.26%), Immigrants from North America ($49,302, a difference of 0.26%), Greek ($49,309, a difference of 0.28%), Immigrants from Eastern Europe ($49,316, a difference of 0.29%), and Immigrants from Bolivia ($48,970, a difference of 0.41%).