South American vs Mongolian 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 140,276,403 people shows a slight negative correlation between the proportion of Mongolians and median household income in the United States with a correlation coefficient (R) of -0.094 and weighted average of $93,971, a difference of 8.2%.

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%).

In terms of median household income, the demographic groups most similar to Mongolians are Argentinean ($93,960, a difference of 0.010%), Immigrants from Fiji ($93,933, a difference of 0.040%), Immigrants from Philippines ($93,899, a difference of 0.080%), Immigrants from Scotland ($94,091, a difference of 0.13%), and Lithuanian ($93,852, a difference of 0.13%).