Armenian vs South American Median Family Income

The statistical analysis conducted on geographies consisting of 310,689,637 people shows a mild negative correlation between the proportion of Armenians and median family income in the United States with a correlation coefficient (R) of -0.320 and weighted average of $109,692. Similarly, the statistical analysis conducted on geographies consisting of 493,360,337 people shows a mild negative correlation between the proportion of South Americans and median family income in the United States with a correlation coefficient (R) of -0.340 and weighted average of $101,856, a difference of 7.7%.

In terms of median family income, the demographic groups most similar to Armenians are Macedonian ($109,668, a difference of 0.020%), Immigrants from Kuwait ($109,731, a difference of 0.040%), Immigrants from Ukraine ($109,645, a difference of 0.040%), Assyrian/Chaldean/Syriac ($109,622, a difference of 0.060%), and Jordanian ($109,865, a difference of 0.16%).

In terms of median family income, the demographic groups most similar to South Americans are French Canadian ($101,634, a difference of 0.22%), Spaniard ($101,617, a difference of 0.23%), Welsh ($102,151, a difference of 0.29%), Tsimshian ($101,543, a difference of 0.31%), and German ($102,254, a difference of 0.39%).