South American vs Immigrants from Panama Median Household Income

The statistical analysis conducted on geographies consisting of 493,431,068 people shows a poor negative correlation between the proportion of South Americans and median household income in the United States with a correlation coefficient (R) of -0.188 and weighted average of $86,824. Similarly, the statistical analysis conducted on geographies consisting of 221,141,293 people shows a substantial negative correlation between the proportion of Immigrants from Panama and median household income in the United States with a correlation coefficient (R) of -0.510 and weighted average of $80,873, a difference of 7.4%.

Median Household Income Correlation Summary

Measurement	South American	Immigrants from Panama
Minimum	$36,563	$35,430
Maximum	$145,121	$130,979
Range	$108,558	$95,549
Mean	$82,451	$71,805
Median	$80,811	$75,655
Interquartile 25% (IQ1)	$71,448	$53,712
Interquartile 75% (IQ3)	$92,775	$82,267
Interquartile Range (IQR)	$21,327	$28,555
Standard Deviation (Sample)	$17,445	$23,036
Standard Deviation (Population)	$17,367	$22,661

Similar Demographics by Median Household Income

Demographics Similar to South Americans by Median Household Income

In terms of median household income, the demographic groups most similar to South Americans are Immigrants from Saudi Arabia ($86,875, a difference of 0.060%), Immigrants from Germany ($86,764, a difference of 0.070%), Hungarian ($86,920, a difference of 0.11%), Basque ($87,001, a difference of 0.20%), and Carpatho Rusyn ($86,635, a difference of 0.22%).

Demographics	Rating \| Rank	Median Household Income
Immigrants \| Uganda	82.8 /100 \| #146	Excellent $87,553
South American Indians	81.8 /100 \| #147	Excellent $87,446
Costa Ricans	80.0 /100 \| #148	Excellent $87,262
Immigrants \| Nepal	77.7 /100 \| #149	Good $87,046
Basques	77.2 /100 \| #150	Good $87,001
Hungarians	76.3 /100 \| #151	Good $86,920
Immigrants \| Saudi Arabia	75.8 /100 \| #152	Good $86,875
South Americans	75.1 /100 \| #153	Good $86,824
Immigrants \| Germany	74.4 /100 \| #154	Good $86,764
Carpatho Rusyns	72.8 /100 \| #155	Good $86,635
Immigrants \| Albania	71.5 /100 \| #156	Good $86,534
Samoans	71.0 /100 \| #157	Good $86,498
Moroccans	70.6 /100 \| #158	Good $86,468
Immigrants \| Uzbekistan	70.1 /100 \| #159	Good $86,425
Luxembourgers	70.0 /100 \| #160	Good $86,418

Demographics Similar to Immigrants from Panama by Median Household Income

In terms of median household income, the demographic groups most similar to Immigrants from Panama are Scotch-Irish ($80,972, a difference of 0.12%), Guyanese ($80,734, a difference of 0.17%), Immigrants from Bangladesh ($80,722, a difference of 0.19%), Malaysian ($81,064, a difference of 0.24%), and Immigrants from El Salvador ($81,213, a difference of 0.42%).

Demographics	Rating \| Rank	Median Household Income
Nigerians	10.3 /100 \| #219	Poor $81,725
Immigrants \| Venezuela	9.0 /100 \| #220	Tragic $81,506
Immigrants \| Ghana	9.0 /100 \| #221	Tragic $81,489
Immigrants \| Nigeria	7.7 /100 \| #222	Tragic $81,236
Immigrants \| El Salvador	7.6 /100 \| #223	Tragic $81,213
Malaysians	7.0 /100 \| #224	Tragic $81,064
Scotch-Irish	6.6 /100 \| #225	Tragic $80,972
Immigrants \| Panama	6.2 /100 \| #226	Tragic $80,873
Guyanese	5.7 /100 \| #227	Tragic $80,734
Immigrants \| Bangladesh	5.7 /100 \| #228	Tragic $80,722
Delaware	5.0 /100 \| #229	Tragic $80,527
Bermudans	4.7 /100 \| #230	Tragic $80,406
Trinidadians and Tobagonians	4.7 /100 \| #231	Tragic $80,402
Immigrants \| Trinidad and Tobago	4.6 /100 \| #232	Tragic $80,373
Immigrants \| Azores	4.5 /100 \| #233	Tragic $80,357