Immigrants from Southern Europe vs Armenian Median Family Income

The statistical analysis conducted on geographies consisting of 402,509,296 people shows a significant negative correlation between the proportion of Immigrants from Southern Europe and median family income in the United States with a correlation coefficient (R) of -0.614 and weighted average of $110,614. Similarly, the statistical analysis conducted on geographies consisting of 310,689,637 people shows a mild negative correlation between the proportion of Armenians and median family income in the United States with a correlation coefficient (R) of -0.320 and weighted average of $109,692, a difference of 0.84%.

Median Family Income Correlation Summary

Measurement	Immigrants from Southern Europe	Armenian
Minimum	$43,571	$54,063
Maximum	$141,836	$190,202
Range	$98,265	$136,139
Mean	$97,967	$107,343
Median	$102,217	$107,236
Interquartile 25% (IQ1)	$78,639	$85,128
Interquartile 75% (IQ3)	$117,023	$127,200
Interquartile Range (IQR)	$38,384	$42,071
Standard Deviation (Sample)	$25,189	$28,557
Standard Deviation (Population)	$24,793	$28,276

Demographics Similar to Immigrants from Southern Europe and Armenians by Median Family Income

In terms of median family income, the demographic groups most similar to Immigrants from Southern Europe are Northern European ($110,635, a difference of 0.020%), Immigrants from Argentina ($110,873, a difference of 0.23%), Immigrants from Lebanon ($110,159, a difference of 0.41%), Immigrants from Kazakhstan ($110,137, a difference of 0.43%), and Korean ($110,103, a difference of 0.46%). Similarly, the demographic groups most similar to Armenians are Macedonian ($109,668, a difference of 0.020%), Immigrants from Kuwait ($109,731, a difference of 0.040%), Immigrants from Ukraine ($109,645, a difference of 0.040%), Assyrian/Chaldean/Syriac ($109,622, a difference of 0.060%), and Jordanian ($109,865, a difference of 0.16%).

Demographics	Rating \| Rank	Median Family Income
Croatians	98.8 /100 \| #85	Exceptional $111,370
Ukrainians	98.8 /100 \| #86	Exceptional $111,368
Austrians	98.8 /100 \| #87	Exceptional $111,306
Romanians	98.8 /100 \| #88	Exceptional $111,243
Immigrants \| Argentina	98.5 /100 \| #89	Exceptional $110,873
Northern Europeans	98.3 /100 \| #90	Exceptional $110,635
Immigrants \| Southern Europe	98.3 /100 \| #91	Exceptional $110,614
Immigrants \| Lebanon	97.9 /100 \| #92	Exceptional $110,159
Immigrants \| Kazakhstan	97.8 /100 \| #93	Exceptional $110,137
Koreans	97.8 /100 \| #94	Exceptional $110,103
Zimbabweans	97.7 /100 \| #95	Exceptional $110,011
Immigrants \| Moldova	97.7 /100 \| #96	Exceptional $109,975
Jordanians	97.5 /100 \| #97	Exceptional $109,865
Immigrants \| Kuwait	97.4 /100 \| #98	Exceptional $109,731
Armenians	97.3 /100 \| #99	Exceptional $109,692
Macedonians	97.3 /100 \| #100	Exceptional $109,668
Immigrants \| Ukraine	97.2 /100 \| #101	Exceptional $109,645
Assyrians/Chaldeans/Syriacs	97.2 /100 \| #102	Exceptional $109,622
Immigrants \| Brazil	96.9 /100 \| #103	Exceptional $109,418
Palestinians	96.9 /100 \| #104	Exceptional $109,413
Syrians	96.7 /100 \| #105	Exceptional $109,299