Icelander vs Immigrants from Armenia Median Household Income

The statistical analysis conducted on geographies consisting of 159,599,934 people shows no correlation between the proportion of Icelanders and median household income in the United States with a correlation coefficient (R) of 0.015 and weighted average of $85,797. Similarly, the statistical analysis conducted on geographies consisting of 97,712,518 people shows a mild negative correlation between the proportion of Immigrants from Armenia and median household income in the United States with a correlation coefficient (R) of -0.388 and weighted average of $83,555, a difference of 2.7%.

Median Household Income Correlation Summary

Measurement	Icelander	Immigrants from Armenia
Minimum	$35,179	$39,713
Maximum	$116,250	$152,803
Range	$81,071	$113,090
Mean	$74,702	$85,202
Median	$76,562	$85,651
Interquartile 25% (IQ1)	$62,204	$69,102
Interquartile 75% (IQ3)	$86,541	$99,318
Interquartile Range (IQR)	$24,337	$30,216
Standard Deviation (Sample)	$17,966	$22,242
Standard Deviation (Population)	$17,740	$22,064

Similar Demographics by Median Household Income

Demographics Similar to Icelanders by Median Household Income

In terms of median household income, the demographic groups most similar to Icelanders are Immigrants ($85,818, a difference of 0.020%), Colombian ($85,716, a difference of 0.090%), Swiss ($85,681, a difference of 0.14%), Immigrants from South America ($85,611, a difference of 0.22%), and Slovene ($85,562, a difference of 0.27%).

Demographics	Rating \| Rank	Median Household Income
Slavs	69.7 /100 \| #161	Good $86,398
Guamanians/Chamorros	67.7 /100 \| #162	Good $86,255
Czechs	66.4 /100 \| #163	Good $86,164
Irish	66.2 /100 \| #164	Good $86,145
Norwegians	65.3 /100 \| #165	Good $86,084
Scandinavians	65.1 /100 \| #166	Good $86,073
Immigrants \| Immigrants	61.3 /100 \| #167	Good $85,818
Icelanders	61.0 /100 \| #168	Good $85,797
Colombians	59.7 /100 \| #169	Average $85,716
Swiss	59.2 /100 \| #170	Average $85,681
Immigrants \| South America	58.1 /100 \| #171	Average $85,611
Slovenes	57.4 /100 \| #172	Average $85,562
Immigrants \| Cameroon	53.4 /100 \| #173	Average $85,314
Scottish	50.0 /100 \| #174	Average $85,101
Immigrants \| Costa Rica	49.2 /100 \| #175	Average $85,054

Demographics Similar to Immigrants from Armenia by Median Household Income

In terms of median household income, the demographic groups most similar to Immigrants from Armenia are Ghanaian ($83,582, a difference of 0.030%), Finnish ($83,607, a difference of 0.060%), Welsh ($83,628, a difference of 0.090%), French ($83,468, a difference of 0.10%), and Aleut ($83,446, a difference of 0.13%).

Demographics	Rating \| Rank	Median Household Income
Tlingit-Haida	32.6 /100 \| #188	Fair $83,968
Immigrants \| Colombia	31.7 /100 \| #189	Fair $83,902
Slovaks	30.2 /100 \| #190	Fair $83,798
Iraqis	29.6 /100 \| #191	Fair $83,753
Welsh	28.0 /100 \| #192	Fair $83,628
Finns	27.7 /100 \| #193	Fair $83,607
Ghanaians	27.4 /100 \| #194	Fair $83,582
Immigrants \| Armenia	27.0 /100 \| #195	Fair $83,555
French	26.0 /100 \| #196	Fair $83,468
Aleuts	25.7 /100 \| #197	Fair $83,446
Japanese	25.1 /100 \| #198	Fair $83,395
Germans	24.6 /100 \| #199	Fair $83,358
Tsimshian	24.5 /100 \| #200	Fair $83,346
Spanish	24.4 /100 \| #201	Fair $83,343
Immigrants \| Thailand	24.3 /100 \| #202	Fair $83,327