Asian vs Paraguayan Median Household Income

The statistical analysis conducted on geographies consisting of 549,980,753 people shows a moderate positive correlation between the proportion of Asians and median household income in the United States with a correlation coefficient (R) of 0.475 and weighted average of $101,681. Similarly, the statistical analysis conducted on geographies consisting of 95,096,064 people shows no correlation between the proportion of Paraguayans and median household income in the United States with a correlation coefficient (R) of 0.036 and weighted average of $95,737, a difference of 6.2%.

In terms of median household income, the demographic groups most similar to Asians are Eastern European ($101,781, a difference of 0.10%), Immigrants from Bolivia ($101,394, a difference of 0.28%), Bolivian ($102,195, a difference of 0.50%), Immigrants from Australia ($102,562, a difference of 0.87%), and Immigrants from Japan ($100,711, a difference of 0.96%).

In terms of median household income, the demographic groups most similar to Paraguayans are Immigrants from South Africa ($95,800, a difference of 0.070%), Egyptian ($95,673, a difference of 0.070%), Estonian ($95,930, a difference of 0.20%), Immigrants from Czechoslovakia ($95,319, a difference of 0.44%), and Immigrants from Austria ($95,277, a difference of 0.48%).