Icelander vs Immigrants from Europe 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 546,586,899 people shows a moderate negative correlation between the proportion of Immigrants from Europe and median household income in the United States with a correlation coefficient (R) of -0.490 and weighted average of $95,032, a difference of 10.8%.

Median Household Income Correlation Summary

Measurement	Icelander	Immigrants from Europe
Minimum	$35,179	$32,853
Maximum	$116,250	$146,675
Range	$81,071	$113,822
Mean	$74,702	$88,761
Median	$76,562	$85,626
Interquartile 25% (IQ1)	$62,204	$74,349
Interquartile 75% (IQ3)	$86,541	$105,928
Interquartile Range (IQR)	$24,337	$31,579
Standard Deviation (Sample)	$17,966	$23,344
Standard Deviation (Population)	$17,740	$23,142

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 Europe by Median Household Income

In terms of median household income, the demographic groups most similar to Immigrants from Europe are Korean ($95,018, a difference of 0.020%), Laotian ($94,990, a difference of 0.040%), Soviet Union ($95,098, a difference of 0.070%), New Zealander ($95,146, a difference of 0.12%), and Immigrants from Norway ($94,846, a difference of 0.20%).

Demographics	Rating \| Rank	Median Household Income
Immigrants \| South Africa	99.9 /100 \| #52	Exceptional $95,800
Paraguayans	99.9 /100 \| #53	Exceptional $95,737
Egyptians	99.9 /100 \| #54	Exceptional $95,673
Immigrants \| Czechoslovakia	99.9 /100 \| #55	Exceptional $95,319
Immigrants \| Austria	99.9 /100 \| #56	Exceptional $95,277
New Zealanders	99.8 /100 \| #57	Exceptional $95,146
Soviet Union	99.8 /100 \| #58	Exceptional $95,098
Immigrants \| Europe	99.8 /100 \| #59	Exceptional $95,032
Koreans	99.8 /100 \| #60	Exceptional $95,018
Laotians	99.8 /100 \| #61	Exceptional $94,990
Immigrants \| Norway	99.8 /100 \| #62	Exceptional $94,846
Greeks	99.8 /100 \| #63	Exceptional $94,735
Immigrants \| Netherlands	99.7 /100 \| #64	Exceptional $94,411
Immigrants \| Belarus	99.7 /100 \| #65	Exceptional $94,399
Immigrants \| Romania	99.7 /100 \| #66	Exceptional $94,222