European vs Venezuelan Median Family Income

The statistical analysis conducted on geographies consisting of 560,683,121 people shows a slight negative correlation between the proportion of Europeans and median family income in the United States with a correlation coefficient (R) of -0.082 and weighted average of $108,099. Similarly, the statistical analysis conducted on geographies consisting of 306,049,967 people shows a poor negative correlation between the proportion of Venezuelans and median family income in the United States with a correlation coefficient (R) of -0.131 and weighted average of $96,281, a difference of 12.3%.

In terms of median family income, the demographic groups most similar to Europeans are Immigrants from Northern Africa ($108,161, a difference of 0.060%), Sri Lankan ($108,234, a difference of 0.12%), Ethiopian ($108,251, a difference of 0.14%), Immigrants from Philippines ($108,288, a difference of 0.18%), and Chilean ($108,429, a difference of 0.31%).

In terms of median family income, the demographic groups most similar to Venezuelans are Nonimmigrants ($96,231, a difference of 0.050%), Immigrants from Nigeria ($96,439, a difference of 0.16%), Vietnamese ($96,123, a difference of 0.16%), Immigrants from Ghana ($96,544, a difference of 0.27%), and Sudanese ($96,783, a difference of 0.52%).