Scandinavian vs Immigrants from Armenia Median Family Income

The statistical analysis conducted on geographies consisting of 472,034,552 people shows a poor negative correlation between the proportion of Scandinavians and median family income in the United States with a correlation coefficient (R) of -0.140 and weighted average of $104,410. Similarly, the statistical analysis conducted on geographies consisting of 97,713,870 people shows a moderate negative correlation between the proportion of Immigrants from Armenia and median family income in the United States with a correlation coefficient (R) of -0.420 and weighted average of $97,605, a difference of 7.0%.

Median Family Income Correlation Summary

Measurement	Scandinavian	Immigrants from Armenia
Minimum	$48,750	$49,583
Maximum	$186,250	$157,199
Range	$137,500	$107,616
Mean	$97,868	$101,713
Median	$98,046	$102,061
Interquartile 25% (IQ1)	$80,113	$86,292
Interquartile 75% (IQ3)	$106,098	$118,550
Interquartile Range (IQR)	$25,985	$32,258
Standard Deviation (Sample)	$26,299	$25,932
Standard Deviation (Population)	$26,040	$25,725

Similar Demographics by Median Family Income

Demographics Similar to Scandinavians by Median Family Income

In terms of median family income, the demographic groups most similar to Scandinavians are Swiss ($104,396, a difference of 0.010%), Moroccan ($104,488, a difference of 0.080%), Scottish ($104,288, a difference of 0.12%), Icelander ($104,282, a difference of 0.12%), and Basque ($104,760, a difference of 0.34%).

Demographics	Rating \| Rank	Median Family Income
Peruvians	80.4 /100 \| #151	Excellent $105,444
Immigrants \| Albania	79.1 /100 \| #152	Good $105,285
Slavs	77.9 /100 \| #153	Good $105,144
Immigrants \| Nepal	76.3 /100 \| #154	Good $104,966
Native Hawaiians	75.8 /100 \| #155	Good $104,910
Basques	74.4 /100 \| #156	Good $104,760
Moroccans	71.6 /100 \| #157	Good $104,488
Scandinavians	70.8 /100 \| #158	Good $104,410
Swiss	70.7 /100 \| #159	Good $104,396
Scottish	69.5 /100 \| #160	Good $104,288
Icelanders	69.4 /100 \| #161	Good $104,282
Immigrants \| Sierra Leone	66.2 /100 \| #162	Good $103,990
Costa Ricans	66.2 /100 \| #163	Good $103,989
Sierra Leoneans	64.7 /100 \| #164	Good $103,859
Slovaks	63.1 /100 \| #165	Good $103,729

Demographics Similar to Immigrants from Armenia by Median Family Income

In terms of median family income, the demographic groups most similar to Immigrants from Armenia are Bermudan ($97,577, a difference of 0.030%), Panamanian ($97,683, a difference of 0.080%), Nigerian ($97,522, a difference of 0.090%), Immigrants from Sudan ($97,737, a difference of 0.13%), and Immigrants from Bosnia and Herzegovina ($97,432, a difference of 0.18%).

Demographics	Rating \| Rank	Median Family Income
Immigrants \| Iraq	12.1 /100 \| #206	Poor $98,786
Aleuts	11.6 /100 \| #207	Poor $98,702
Immigrants \| Uruguay	9.2 /100 \| #208	Tragic $98,205
Immigrants \| Colombia	8.7 /100 \| #209	Tragic $98,067
Puget Sound Salish	8.2 /100 \| #210	Tragic $97,958
Immigrants \| Sudan	7.4 /100 \| #211	Tragic $97,737
Panamanians	7.2 /100 \| #212	Tragic $97,683
Immigrants \| Armenia	7.0 /100 \| #213	Tragic $97,605
Bermudans	6.9 /100 \| #214	Tragic $97,577
Nigerians	6.7 /100 \| #215	Tragic $97,522
Immigrants \| Bosnia and Herzegovina	6.4 /100 \| #216	Tragic $97,432
Japanese	6.0 /100 \| #217	Tragic $97,288
Immigrants \| Cambodia	5.8 /100 \| #218	Tragic $97,222
Delaware	5.1 /100 \| #219	Tragic $96,958
Sudanese	4.7 /100 \| #220	Tragic $96,783