Mexican vs Panamanian Median Household Income

The statistical analysis conducted on geographies consisting of 564,134,448 people shows a very strong negative correlation between the proportion of Mexicans and median household income in the United States with a correlation coefficient (R) of -0.881 and weighted average of $74,399. Similarly, the statistical analysis conducted on geographies consisting of 281,034,556 people shows a mild negative correlation between the proportion of Panamanians and median household income in the United States with a correlation coefficient (R) of -0.398 and weighted average of $82,272, a difference of 10.6%.

In terms of median household income, the demographic groups most similar to Mexicans are Immigrants from Somalia ($74,300, a difference of 0.13%), Iroquois ($74,279, a difference of 0.16%), Immigrants from Central America ($74,217, a difference of 0.24%), Yaqui ($74,596, a difference of 0.26%), and Fijian ($74,205, a difference of 0.26%).

In terms of median household income, the demographic groups most similar to Panamanians are Vietnamese ($82,248, a difference of 0.030%), Yugoslavian ($82,186, a difference of 0.10%), Nepalese ($82,410, a difference of 0.17%), Venezuelan ($82,432, a difference of 0.20%), and Salvadoran ($82,449, a difference of 0.22%).