Scandinavian vs Icelander Median Earnings

The statistical analysis conducted on geographies consisting of 472,554,301 people shows a poor negative correlation between the proportion of Scandinavians and median earnings in the United States with a correlation coefficient (R) of -0.164 and weighted average of $46,433. Similarly, the statistical analysis conducted on geographies consisting of 159,666,599 people shows a substantial positive correlation between the proportion of Icelanders and median earnings in the United States with a correlation coefficient (R) of 0.562 and weighted average of $46,916, a difference of 1.0%.

In terms of median earnings, the demographic groups most similar to Scandinavians are Ghanaian ($46,440, a difference of 0.020%), Scottish ($46,463, a difference of 0.060%), Kenyan ($46,462, a difference of 0.060%), Basque ($46,399, a difference of 0.070%), and Danish ($46,392, a difference of 0.090%). Similarly, the demographic groups most similar to Icelanders are South American Indian ($46,952, a difference of 0.080%), Immigrants from Eastern Africa ($46,969, a difference of 0.11%), Norwegian ($46,865, a difference of 0.11%), Immigrants from Peru ($47,025, a difference of 0.23%), and Alsatian ($47,023, a difference of 0.23%).