Latvian Median Family Income
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Median Family Income
Latvian Median Family Income
$120,301
FAMILY INCOME
100.0/ 100
METRIC RATING
29th/ 347
METRIC RANK
Latvian Median Family Income Correlation Chart
The statistical analysis conducted on geographies consisting of 220,626,536 people shows a moderate negative correlation between the proportion of Latvians and median family income in the United States with a correlation coefficient (R) of -0.402 and weighted average of $120,301. On average, for every 1% (one percent) increase in Latvians within a typical geography, there is a decrease of $6,130 in median family income.
It is essential to understand that the correlation between the percentage of Latvians and median family income does not imply a direct cause-and-effect relationship. It remains uncertain whether the presence of Latvians influences an upward or downward trend in the level of median family income within an area, or if Latvians simply ended up residing in those areas with higher or lower levels of median family income due to other factors.
Demographics Similar to Latvians by Median Family Income
In terms of median family income, the demographic groups most similar to Latvians are Immigrants from Sri Lanka ($120,263, a difference of 0.030%), Immigrants from Denmark ($120,445, a difference of 0.12%), Russian ($120,487, a difference of 0.15%), Immigrants from France ($120,076, a difference of 0.19%), and Asian ($119,955, a difference of 0.29%).
| Demographics | Rating | Rank | Median Family Income |
| Immigrants from Sweden | 100.0 /100 | #22 | Exceptional $122,765 |
| Immigrants from Japan | 100.0 /100 | #23 | Exceptional $122,764 |
| Immigrants from Northern Europe | 100.0 /100 | #24 | Exceptional $121,840 |
| Turks | 100.0 /100 | #25 | Exceptional $121,202 |
| Immigrants from Switzerland | 100.0 /100 | #26 | Exceptional $120,726 |
| Russians | 100.0 /100 | #27 | Exceptional $120,487 |
| Immigrants from Denmark | 100.0 /100 | #28 | Exceptional $120,445 |
| Latvians | 100.0 /100 | #29 | Exceptional $120,301 |
| Immigrants from Sri Lanka | 100.0 /100 | #30 | Exceptional $120,263 |
| Immigrants from France | 100.0 /100 | #31 | Exceptional $120,076 |
| Asians | 100.0 /100 | #32 | Exceptional $119,955 |
| Bhutanese | 100.0 /100 | #33 | Exceptional $119,800 |
| Bolivians | 100.0 /100 | #34 | Exceptional $119,479 |
| Soviet Union | 100.0 /100 | #35 | Exceptional $119,262 |
| Israelis | 100.0 /100 | #36 | Exceptional $118,577 |
Latvian Median Family Income Correlation Summary
| Measurement | Latvian Data | Median Family Income Data |
| Minimum | 0.030% | $41,641 |
| Maximum | 14.3% | $207,328 |
| Range | 14.3% | $165,687 |
| Mean | 2.9% | $114,631 |
| Median | 2.2% | $116,635 |
| Interquartile 25% (IQ1) | 1.1% | $80,254 |
| Interquartile 75% (IQ3) | 3.9% | $139,118 |
| Interquartile Range (IQR) | 2.9% | $58,864 |
| Standard Deviation (Sample) | 2.6% | $40,043 |
| Standard Deviation (Population) | 2.6% | $39,714 |
Correlation Details
| Latvian Percentile | Sample Size | Median Family Income |
[ 0.0% - 0.5% ] 0.030% | 161,485,355 | $100,565 |
[ 0.0% - 0.5% ] 0.100% | 37,592,149 | $123,105 |
[ 0.0% - 0.5% ] 0.17% | 10,108,886 | $133,107 |
[ 0.0% - 0.5% ] 0.25% | 4,610,996 | $140,112 |
[ 0.0% - 0.5% ] 0.32% | 2,638,204 | $134,456 |
[ 0.0% - 0.5% ] 0.39% | 1,353,368 | $123,589 |
[ 0.0% - 0.5% ] 0.47% | 598,377 | $123,065 |
[ 0.5% - 1.0% ] 0.53% | 614,493 | $141,299 |
[ 0.5% - 1.0% ] 0.60% | 467,655 | $129,043 |
[ 0.5% - 1.0% ] 0.68% | 282,488 | $164,598 |
[ 0.5% - 1.0% ] 0.75% | 192,597 | $124,910 |
[ 0.5% - 1.0% ] 0.81% | 87,279 | $123,736 |
[ 0.5% - 1.0% ] 0.89% | 119,240 | $103,877 |
[ 0.5% - 1.0% ] 0.97% | 76,776 | $151,919 |
[ 1.0% - 1.5% ] 1.03% | 107,193 | $149,913 |
[ 1.0% - 1.5% ] 1.11% | 9,450 | $95,897 |
[ 1.0% - 1.5% ] 1.18% | 30,297 | $101,762 |
[ 1.0% - 1.5% ] 1.24% | 6,472 | $185,643 |
[ 1.0% - 1.5% ] 1.33% | 21,033 | $146,869 |
[ 1.0% - 1.5% ] 1.40% | 20,393 | $138,125 |
[ 1.0% - 1.5% ] 1.48% | 11,493 | $88,321 |
[ 1.5% - 2.0% ] 1.53% | 47,136 | $88,261 |
[ 1.5% - 2.0% ] 1.61% | 10,210 | $196,371 |
[ 1.5% - 2.0% ] 1.68% | 12,516 | $135,733 |
[ 1.5% - 2.0% ] 1.75% | 4,502 | $114,182 |
[ 1.5% - 2.0% ] 1.82% | 11,282 | $95,013 |
[ 1.5% - 2.0% ] 1.88% | 9,435 | $192,202 |
[ 1.5% - 2.0% ] 1.98% | 13,973 | $153,900 |
[ 2.0% - 2.5% ] 2.03% | 4,276 | $132,899 |
[ 2.0% - 2.5% ] 2.10% | 1,807 | $158,266 |
[ 2.0% - 2.5% ] 2.19% | 20,529 | $197,606 |
[ 2.0% - 2.5% ] 2.26% | 2,964 | $76,437 |
[ 2.0% - 2.5% ] 2.31% | 1,861 | $73,282 |
[ 2.0% - 2.5% ] 2.46% | 1,745 | $116,635 |
[ 2.5% - 3.0% ] 2.51% | 1,392 | $83,381 |
[ 2.5% - 3.0% ] 2.67% | 13,497 | $143,225 |
[ 2.5% - 3.0% ] 2.77% | 3,575 | $129,688 |
[ 2.5% - 3.0% ] 2.94% | 2,010 | $72,331 |
[ 3.0% - 3.5% ] 3.01% | 133 | $70,694 |
[ 3.0% - 3.5% ] 3.03% | 8,425 | $207,328 |
[ 3.0% - 3.5% ] 3.09% | 162 | $89,063 |
[ 3.0% - 3.5% ] 3.17% | 441 | $56,089 |
[ 3.0% - 3.5% ] 3.23% | 402 | $61,875 |
[ 3.5% - 4.0% ] 3.55% | 732 | $76,786 |
[ 3.5% - 4.0% ] 3.69% | 352 | $104,063 |
[ 3.5% - 4.0% ] 3.87% | 1,472 | $77,143 |
[ 4.0% - 4.5% ] 4.03% | 2,036 | $131,851 |
[ 4.0% - 4.5% ] 4.09% | 220 | $54,375 |
[ 4.0% - 4.5% ] 4.32% | 1,343 | $107,640 |
[ 4.5% - 5.0% ] 4.62% | 2,143 | $178,148 |
[ 4.5% - 5.0% ] 4.67% | 300 | $68,393 |
[ 5.0% - 5.5% ] 5.16% | 349 | $92,019 |
[ 5.0% - 5.5% ] 5.30% | 774 | $91,229 |
[ 5.5% - 6.0% ] 5.62% | 4,611 | $79,008 |
[ 5.5% - 6.0% ] 5.75% | 226 | $127,813 |
[ 5.5% - 6.0% ] 5.83% | 223 | $41,641 |
[ 6.0% - 6.5% ] 6.46% | 449 | $81,500 |
[ 7.0% - 7.5% ] 7.39% | 2,313 | $52,216 |
[ 8.5% - 9.0% ] 8.51% | 94 | $60,625 |
[ 10.0% - 10.5% ] 10.41% | 442 | $128,723 |
[ 14.0% - 14.5% ] 14.32% | 1,990 | $70,924 |