Immigrants from Panama vs Welsh Median Family Income

The statistical analysis conducted on geographies consisting of 221,145,724 people shows a poor positive correlation between the proportion of Immigrants from Panama and median family income in the United States with a correlation coefficient (R) of 0.149 and weighted average of $95,647. Similarly, the statistical analysis conducted on geographies consisting of 527,824,493 people shows a weak negative correlation between the proportion of Welsh and median family income in the United States with a correlation coefficient (R) of -0.201 and weighted average of $102,151, a difference of 6.8%.

Median Family Income Correlation Summary

Measurement	Immigrants from Panama	Welsh
Minimum	$54,583	$28,750
Maximum	$143,854	$145,055
Range	$89,271	$116,305
Mean	$93,119	$88,686
Median	$92,830	$89,832
Interquartile 25% (IQ1)	$80,245	$80,992
Interquartile 75% (IQ3)	$103,110	$101,775
Interquartile Range (IQR)	$22,865	$20,783
Standard Deviation (Sample)	$22,241	$21,326
Standard Deviation (Population)	$21,880	$21,138

Similar Demographics by Median Family Income

Demographics Similar to Immigrants from Panama by Median Family Income

In terms of median family income, the demographic groups most similar to Immigrants from Panama are Alaska Native ($95,573, a difference of 0.080%), Immigrants from the Azores ($95,402, a difference of 0.26%), Marshallese ($95,293, a difference of 0.37%), Malaysian ($95,230, a difference of 0.44%), and Vietnamese ($96,123, a difference of 0.50%).

Demographics	Rating \| Rank	Median Family Income
Delaware	5.1 /100 \| #219	Tragic $96,958
Sudanese	4.7 /100 \| #220	Tragic $96,783
Immigrants \| Ghana	4.2 /100 \| #221	Tragic $96,544
Immigrants \| Nigeria	4.0 /100 \| #222	Tragic $96,439
Venezuelans	3.7 /100 \| #223	Tragic $96,281
Immigrants \| Nonimmigrants	3.6 /100 \| #224	Tragic $96,231
Vietnamese	3.4 /100 \| #225	Tragic $96,123
Immigrants \| Panama	2.7 /100 \| #226	Tragic $95,647
Alaska Natives	2.6 /100 \| #227	Tragic $95,573
Immigrants \| Azores	2.4 /100 \| #228	Tragic $95,402
Marshallese	2.2 /100 \| #229	Tragic $95,293
Malaysians	2.2 /100 \| #230	Tragic $95,230
Ecuadorians	2.1 /100 \| #231	Tragic $95,114
Immigrants \| Venezuela	1.9 /100 \| #232	Tragic $94,904
Immigrants \| Bangladesh	1.6 /100 \| #233	Tragic $94,665

Demographics Similar to Welsh by Median Family Income

In terms of median family income, the demographic groups most similar to Welsh are German ($102,254, a difference of 0.10%), French ($102,368, a difference of 0.21%), Immigrants from Eastern Africa ($102,451, a difference of 0.29%), South American ($101,856, a difference of 0.29%), and Finnish ($102,676, a difference of 0.51%).

Demographics	Rating \| Rank	Median Family Income
Alsatians	54.3 /100 \| #171	Average $103,010
Immigrants \| Eritrea	51.9 /100 \| #172	Average $102,823
Belgians	51.4 /100 \| #173	Average $102,788
Finns	50.0 /100 \| #174	Average $102,676
Immigrants \| Eastern Africa	47.1 /100 \| #175	Average $102,451
French	46.1 /100 \| #176	Average $102,368
Germans	44.6 /100 \| #177	Average $102,254
Welsh	43.3 /100 \| #178	Average $102,151
South Americans	39.7 /100 \| #179	Fair $101,856
French Canadians	37.0 /100 \| #180	Fair $101,634
Spaniards	36.8 /100 \| #181	Fair $101,617
Tsimshian	35.9 /100 \| #182	Fair $101,543
Kenyans	34.5 /100 \| #183	Fair $101,417
Immigrants \| Costa Rica	33.7 /100 \| #184	Fair $101,354
Dutch	31.9 /100 \| #185	Fair $101,192