Latvian Median Household Income
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Median Household Income
Latvian Median Household Income
$97,311
HOUSEHOLD INCOME
100.0/ 100
METRIC RATING
37th/ 347
METRIC RANK
Latvian Median Household Income Correlation Chart
The statistical analysis conducted on geographies consisting of 220,635,560 people shows a mild negative correlation between the proportion of Latvians and median household income in the United States with a correlation coefficient (R) of -0.349 and weighted average of $97,311. On average, for every 1% (one percent) increase in Latvians within a typical geography, there is a decrease of $4,289 in median household income.
It is essential to understand that the correlation between the percentage of Latvians and median household 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 household income within an area, or if Latvians simply ended up residing in those areas with higher or lower levels of median household income due to other factors.
Demographics Similar to Latvians by Median Household Income
In terms of median household income, the demographic groups most similar to Latvians are Immigrants from Indonesia ($97,297, a difference of 0.010%), Immigrants from Pakistan ($97,528, a difference of 0.22%), Afghan ($97,026, a difference of 0.29%), Maltese ($97,015, a difference of 0.31%), and Immigrants from Turkey ($96,964, a difference of 0.36%).
| Demographics | Rating | Rank | Median Household Income |
| Immigrants from Northern Europe | 100.0 /100 | #30 | Exceptional $99,813 |
| Turks | 100.0 /100 | #31 | Exceptional $99,389 |
| Immigrants from Denmark | 100.0 /100 | #32 | Exceptional $98,510 |
| Chinese | 100.0 /100 | #33 | Exceptional $98,496 |
| Russians | 100.0 /100 | #34 | Exceptional $98,008 |
| Immigrants from Switzerland | 100.0 /100 | #35 | Exceptional $97,979 |
| Immigrants from Pakistan | 100.0 /100 | #36 | Exceptional $97,528 |
| Latvians | 100.0 /100 | #37 | Exceptional $97,311 |
| Immigrants from Indonesia | 100.0 /100 | #38 | Exceptional $97,297 |
| Afghans | 100.0 /100 | #39 | Exceptional $97,026 |
| Maltese | 100.0 /100 | #40 | Exceptional $97,015 |
| Immigrants from Turkey | 100.0 /100 | #41 | Exceptional $96,964 |
| Immigrants from Lithuania | 99.9 /100 | #42 | Exceptional $96,836 |
| Immigrants from France | 99.9 /100 | #43 | Exceptional $96,743 |
| Immigrants from Greece | 99.9 /100 | #44 | Exceptional $96,675 |
Latvian Median Household Income Correlation Summary
| Measurement | Latvian Data | Median Household Income Data |
| Minimum | 0.030% | $36,528 |
| Maximum | 14.3% | $187,593 |
| Range | 14.3% | $151,065 |
| Mean | 3.3% | $95,169 |
| Median | 2.3% | $96,299 |
| Interquartile 25% (IQ1) | 1.1% | $60,583 |
| Interquartile 75% (IQ3) | 4.5% | $122,068 |
| Interquartile Range (IQR) | 3.3% | $61,485 |
| Standard Deviation (Sample) | 3.1% | $38,310 |
| Standard Deviation (Population) | 3.1% | $38,014 |
Correlation Details
| Latvian Percentile | Sample Size | Median Household Income |
[ 0.0% - 0.5% ] 0.030% | 161,491,256 | $83,108 |
[ 0.0% - 0.5% ] 0.100% | 37,592,149 | $98,335 |
[ 0.0% - 0.5% ] 0.17% | 10,108,886 | $106,568 |
[ 0.0% - 0.5% ] 0.25% | 4,610,996 | $110,513 |
[ 0.0% - 0.5% ] 0.32% | 2,638,204 | $108,518 |
[ 0.0% - 0.5% ] 0.39% | 1,353,368 | $101,742 |
[ 0.0% - 0.5% ] 0.47% | 596,792 | $98,020 |
[ 0.5% - 1.0% ] 0.53% | 614,493 | $117,297 |
[ 0.5% - 1.0% ] 0.60% | 467,326 | $105,638 |
[ 0.5% - 1.0% ] 0.68% | 282,488 | $121,981 |
[ 0.5% - 1.0% ] 0.75% | 192,873 | $103,008 |
[ 0.5% - 1.0% ] 0.81% | 87,279 | $96,299 |
[ 0.5% - 1.0% ] 0.89% | 119,240 | $78,700 |
[ 0.5% - 1.0% ] 0.97% | 76,776 | $116,258 |
[ 1.0% - 1.5% ] 1.03% | 107,968 | $123,602 |
[ 1.0% - 1.5% ] 1.11% | 10,507 | $70,972 |
[ 1.0% - 1.5% ] 1.18% | 30,297 | $74,024 |
[ 1.0% - 1.5% ] 1.24% | 6,472 | $134,167 |
[ 1.0% - 1.5% ] 1.33% | 21,033 | $126,825 |
[ 1.0% - 1.5% ] 1.40% | 20,393 | $125,234 |
[ 1.0% - 1.5% ] 1.48% | 11,493 | $81,128 |
[ 1.5% - 2.0% ] 1.53% | 47,136 | $68,772 |
[ 1.5% - 2.0% ] 1.61% | 10,210 | $170,173 |
[ 1.5% - 2.0% ] 1.68% | 12,516 | $122,726 |
[ 1.5% - 2.0% ] 1.75% | 4,502 | $107,602 |
[ 1.5% - 2.0% ] 1.82% | 11,282 | $73,768 |
[ 1.5% - 2.0% ] 1.88% | 9,435 | $182,461 |
[ 1.5% - 2.0% ] 1.98% | 13,973 | $130,021 |
[ 2.0% - 2.5% ] 2.03% | 4,276 | $113,660 |
[ 2.0% - 2.5% ] 2.10% | 1,807 | $140,523 |
[ 2.0% - 2.5% ] 2.19% | 20,529 | $165,806 |
[ 2.0% - 2.5% ] 2.25% | 3,992 | $60,452 |
[ 2.0% - 2.5% ] 2.31% | 1,861 | $63,975 |
[ 2.0% - 2.5% ] 2.46% | 1,745 | $90,261 |
[ 2.5% - 3.0% ] 2.51% | 1,392 | $76,776 |
[ 2.5% - 3.0% ] 2.67% | 13,497 | $123,942 |
[ 2.5% - 3.0% ] 2.77% | 3,575 | $122,155 |
[ 2.5% - 3.0% ] 2.94% | 2,010 | $58,333 |
[ 3.0% - 3.5% ] 3.01% | 133 | $67,083 |
[ 3.0% - 3.5% ] 3.03% | 8,425 | $187,593 |
[ 3.0% - 3.5% ] 3.09% | 162 | $85,938 |
[ 3.0% - 3.5% ] 3.17% | 441 | $56,051 |
[ 3.0% - 3.5% ] 3.23% | 402 | $52,375 |
[ 3.5% - 4.0% ] 3.55% | 732 | $60,714 |
[ 3.5% - 4.0% ] 3.70% | 811 | $58,454 |
[ 3.5% - 4.0% ] 3.87% | 1,472 | $63,942 |
[ 4.0% - 4.5% ] 4.03% | 2,036 | $108,750 |
[ 4.0% - 4.5% ] 4.09% | 220 | $45,750 |
[ 4.0% - 4.5% ] 4.32% | 1,343 | $97,602 |
[ 4.5% - 5.0% ] 4.62% | 2,143 | $173,158 |
[ 4.5% - 5.0% ] 4.67% | 300 | $49,844 |
[ 5.0% - 5.5% ] 5.03% | 159 | $55,000 |
[ 5.0% - 5.5% ] 5.16% | 349 | $112,688 |
[ 5.0% - 5.5% ] 5.30% | 774 | $54,015 |
[ 5.5% - 6.0% ] 5.62% | 4,611 | $69,730 |
[ 5.5% - 6.0% ] 5.75% | 226 | $185,288 |
[ 5.5% - 6.0% ] 5.83% | 223 | $44,737 |
[ 6.0% - 6.5% ] 6.10% | 771 | $48,906 |
[ 6.0% - 6.5% ] 6.46% | 449 | $82,250 |
[ 7.0% - 7.5% ] 7.39% | 2,313 | $50,750 |
[ 8.5% - 9.0% ] 8.51% | 94 | $36,528 |
[ 10.0% - 10.5% ] 10.41% | 442 | $127,926 |
[ 12.5% - 13.0% ] 12.85% | 428 | $51,659 |
[ 13.0% - 13.5% ] 13.10% | 84 | $55,556 |
[ 14.0% - 14.5% ] 14.32% | 1,990 | $50,365 |