Immigrants from Armenia vs Panamanian Per Capita Income

The statistical analysis conducted on geographies consisting of 97,724,966 people shows a mild negative correlation between the proportion of Immigrants from Armenia and per capita income in the United States with a correlation coefficient (R) of -0.306 and weighted average of $44,552. Similarly, the statistical analysis conducted on geographies consisting of 281,258,630 people shows a mild negative correlation between the proportion of Panamanians and per capita income in the United States with a correlation coefficient (R) of -0.306 and weighted average of $42,035, a difference of 6.0%.

Per Capita Income Correlation Summary

Measurement	Immigrants from Armenia	Panamanian
Minimum	$20,812	$15,844
Maximum	$72,364	$86,907
Range	$51,552	$71,063
Mean	$44,626	$39,085
Median	$44,298	$37,643
Interquartile 25% (IQ1)	$36,237	$29,415
Interquartile 75% (IQ3)	$51,558	$45,746
Interquartile Range (IQR)	$15,321	$16,331
Standard Deviation (Sample)	$10,685	$14,450
Standard Deviation (Population)	$10,600	$14,333

Similar Demographics by Per Capita Income

Demographics Similar to Immigrants from Armenia by Per Capita Income

In terms of per capita income, the demographic groups most similar to Immigrants from Armenia are Korean ($44,522, a difference of 0.070%), Czech ($44,595, a difference of 0.10%), Immigrants from Eritrea ($44,509, a difference of 0.10%), Norwegian ($44,480, a difference of 0.16%), and Peruvian ($44,479, a difference of 0.17%).

Demographics	Rating \| Rank	Per Capita Income
Slavs	82.6 /100 \| #141	Excellent $45,049
Ugandans	82.6 /100 \| #142	Excellent $45,047
Immigrants \| Uganda	82.5 /100 \| #143	Excellent $45,043
Icelanders	81.6 /100 \| #144	Excellent $44,987
Immigrants \| Afghanistan	78.0 /100 \| #145	Good $44,790
Irish	75.8 /100 \| #146	Good $44,679
Czechs	74.1 /100 \| #147	Good $44,595
Immigrants \| Armenia	73.1 /100 \| #148	Good $44,552
Koreans	72.5 /100 \| #149	Good $44,522
Immigrants \| Eritrea	72.1 /100 \| #150	Good $44,509
Norwegians	71.5 /100 \| #151	Good $44,480
Peruvians	71.5 /100 \| #152	Good $44,479
Scottish	70.6 /100 \| #153	Good $44,440
Portuguese	68.7 /100 \| #154	Good $44,362
Uruguayans	67.6 /100 \| #155	Good $44,318

Demographics Similar to Panamanians by Per Capita Income

In terms of per capita income, the demographic groups most similar to Panamanians are Venezuelan ($42,074, a difference of 0.090%), Immigrants from Sudan ($41,986, a difference of 0.12%), Ecuadorian ($41,958, a difference of 0.18%), Ghanaian ($42,164, a difference of 0.31%), and White/Caucasian ($42,180, a difference of 0.35%).

Demographics	Rating \| Rank	Per Capita Income
Immigrants \| Thailand	17.6 /100 \| #201	Poor $42,289
Immigrants \| Bosnia and Herzegovina	17.5 /100 \| #202	Poor $42,278
Spanish	17.0 /100 \| #203	Poor $42,249
Aleuts	16.4 /100 \| #204	Poor $42,210
Whites/Caucasians	15.9 /100 \| #205	Poor $42,180
Ghanaians	15.7 /100 \| #206	Poor $42,164
Venezuelans	14.4 /100 \| #207	Poor $42,074
Panamanians	13.9 /100 \| #208	Poor $42,035
Immigrants \| Sudan	13.2 /100 \| #209	Poor $41,986
Ecuadorians	12.9 /100 \| #210	Poor $41,958
Immigrants \| Panama	11.6 /100 \| #211	Poor $41,853
Immigrants \| Senegal	11.3 /100 \| #212	Poor $41,830
Immigrants \| Venezuela	10.2 /100 \| #213	Poor $41,727
Immigrants \| Bangladesh	10.1 /100 \| #214	Poor $41,709
Sudanese	9.9 /100 \| #215	Tragic $41,695