Venezuelan vs Spanish American Median Family Income

The statistical analysis conducted on geographies consisting of 306,049,967 people shows a poor negative correlation between the proportion of Venezuelans and median family income in the United States with a correlation coefficient (R) of -0.131 and weighted average of $96,281. Similarly, the statistical analysis conducted on geographies consisting of 103,155,631 people shows a poor positive correlation between the proportion of Spanish Americans and median family income in the United States with a correlation coefficient (R) of 0.136 and weighted average of $90,322, a difference of 6.6%.

In terms of median family income, the demographic groups most similar to Venezuelans are Nonimmigrants ($96,231, a difference of 0.050%), Immigrants from Nigeria ($96,439, a difference of 0.16%), Vietnamese ($96,123, a difference of 0.16%), Immigrants from Ghana ($96,544, a difference of 0.27%), and Sudanese ($96,783, a difference of 0.52%).

In terms of median family income, the demographic groups most similar to Spanish Americans are Immigrants from Micronesia ($90,345, a difference of 0.020%), Immigrants from Liberia ($90,450, a difference of 0.14%), Iroquois ($90,543, a difference of 0.24%), Immigrants from St. Vincent and the Grenadines ($90,094, a difference of 0.25%), and Jamaican ($90,581, a difference of 0.29%).