Latvian Per Capita Income
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Per Capita Income
Latvian Per Capita Income
$52,649
PER CAPITA INCOME
100.0/ 100
METRIC RATING
28th/ 347
METRIC RANK
Latvian Per Capita Income Correlation Chart
The statistical analysis conducted on geographies consisting of 220,728,386 people shows a weak negative correlation between the proportion of Latvians and per capita income in the United States with a correlation coefficient (R) of -0.257 and weighted average of $52,649. On average, for every 1% (one percent) increase in Latvians within a typical geography, there is a decrease of $1,784 in per capita income.
It is essential to understand that the correlation between the percentage of Latvians and per capita 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 per capita income within an area, or if Latvians simply ended up residing in those areas with higher or lower levels of per capita income due to other factors.
Demographics Similar to Latvians by Per Capita Income
In terms of per capita income, the demographic groups most similar to Latvians are Immigrants from South Central Asia ($52,660, a difference of 0.020%), Israeli ($52,596, a difference of 0.10%), Immigrants from Austria ($52,503, a difference of 0.28%), Turkish ($52,391, a difference of 0.49%), and Immigrants from Norway ($52,217, a difference of 0.83%).
| Demographics | Rating | Rank | Per Capita Income |
| Immigrants from Northern Europe | 100.0 /100 | #21 | Exceptional $54,159 |
| Indians (Asian) | 100.0 /100 | #22 | Exceptional $53,874 |
| Immigrants from Eastern Asia | 100.0 /100 | #23 | Exceptional $53,806 |
| Immigrants from Denmark | 100.0 /100 | #24 | Exceptional $53,799 |
| Immigrants from Japan | 100.0 /100 | #25 | Exceptional $53,359 |
| Russians | 100.0 /100 | #26 | Exceptional $53,154 |
| Immigrants from South Central Asia | 100.0 /100 | #27 | Exceptional $52,660 |
| Latvians | 100.0 /100 | #28 | Exceptional $52,649 |
| Israelis | 100.0 /100 | #29 | Exceptional $52,596 |
| Immigrants from Austria | 100.0 /100 | #30 | Exceptional $52,503 |
| Turks | 100.0 /100 | #31 | Exceptional $52,391 |
| Immigrants from Norway | 100.0 /100 | #32 | Exceptional $52,217 |
| Australians | 100.0 /100 | #33 | Exceptional $52,074 |
| Immigrants from Russia | 100.0 /100 | #34 | Exceptional $52,044 |
| Burmese | 100.0 /100 | #35 | Exceptional $52,005 |
Latvian Per Capita Income Correlation Summary
| Measurement | Latvian Data | Per Capita Income Data |
| Minimum | 0.030% | $3,646 |
| Maximum | 14.3% | $115,504 |
| Range | 14.3% | $111,858 |
| Mean | 3.4% | $51,165 |
| Median | 2.5% | $52,046 |
| Interquartile 25% (IQ1) | 1.2% | $36,086 |
| Interquartile 75% (IQ3) | 4.7% | $65,124 |
| Interquartile Range (IQR) | 3.4% | $29,038 |
| Standard Deviation (Sample) | 3.1% | $21,773 |
| Standard Deviation (Population) | 3.1% | $21,617 |
Correlation Details
| Latvian Percentile | Sample Size | Per Capita Income |
[ 0.0% - 0.5% ] 0.030% | 161,515,841 | $44,303 |
[ 0.0% - 0.5% ] 0.100% | 37,616,099 | $53,854 |
[ 0.0% - 0.5% ] 0.17% | 10,125,212 | $58,078 |
[ 0.0% - 0.5% ] 0.25% | 4,610,996 | $60,502 |
[ 0.0% - 0.5% ] 0.32% | 2,638,204 | $58,141 |
[ 0.0% - 0.5% ] 0.39% | 1,360,177 | $55,110 |
[ 0.0% - 0.5% ] 0.47% | 604,235 | $53,645 |
[ 0.5% - 1.0% ] 0.53% | 614,493 | $62,659 |
[ 0.5% - 1.0% ] 0.60% | 467,655 | $55,561 |
[ 0.5% - 1.0% ] 0.68% | 284,731 | $72,712 |
[ 0.5% - 1.0% ] 0.75% | 192,873 | $54,583 |
[ 0.5% - 1.0% ] 0.81% | 87,279 | $50,447 |
[ 0.5% - 1.0% ] 0.89% | 122,132 | $46,381 |
[ 0.5% - 1.0% ] 0.97% | 76,776 | $66,233 |
[ 1.0% - 1.5% ] 1.03% | 107,968 | $65,660 |
[ 1.0% - 1.5% ] 1.11% | 10,507 | $43,953 |
[ 1.0% - 1.5% ] 1.18% | 31,071 | $43,184 |
[ 1.0% - 1.5% ] 1.24% | 6,472 | $81,631 |
[ 1.0% - 1.5% ] 1.33% | 21,033 | $63,981 |
[ 1.0% - 1.5% ] 1.40% | 20,393 | $86,957 |
[ 1.0% - 1.5% ] 1.48% | 11,493 | $36,819 |
[ 1.5% - 2.0% ] 1.53% | 47,136 | $41,012 |
[ 1.5% - 2.0% ] 1.61% | 10,210 | $107,638 |
[ 1.5% - 2.0% ] 1.68% | 12,516 | $55,681 |
[ 1.5% - 2.0% ] 1.75% | 4,502 | $43,822 |
[ 1.5% - 2.0% ] 1.82% | 11,282 | $35,722 |
[ 1.5% - 2.0% ] 1.88% | 9,435 | $86,441 |
[ 1.5% - 2.0% ] 1.98% | 13,973 | $57,270 |
[ 2.0% - 2.5% ] 2.03% | 4,276 | $57,006 |
[ 2.0% - 2.5% ] 2.10% | 1,807 | $65,396 |
[ 2.0% - 2.5% ] 2.19% | 20,529 | $76,995 |
[ 2.0% - 2.5% ] 2.25% | 3,992 | $36,086 |
[ 2.0% - 2.5% ] 2.35% | 8,050 | $12,811 |
[ 2.0% - 2.5% ] 2.46% | 1,745 | $56,066 |
[ 2.5% - 3.0% ] 2.51% | 1,392 | $40,000 |
[ 2.5% - 3.0% ] 2.58% | 155 | $3,646 |
[ 2.5% - 3.0% ] 2.67% | 13,497 | $71,433 |
[ 2.5% - 3.0% ] 2.77% | 3,575 | $91,878 |
[ 2.5% - 3.0% ] 2.94% | 2,010 | $31,940 |
[ 3.0% - 3.5% ] 3.01% | 133 | $39,252 |
[ 3.0% - 3.5% ] 3.03% | 8,425 | $65,124 |
[ 3.0% - 3.5% ] 3.09% | 162 | $39,196 |
[ 3.0% - 3.5% ] 3.17% | 441 | $26,688 |
[ 3.0% - 3.5% ] 3.23% | 402 | $30,071 |
[ 3.5% - 4.0% ] 3.55% | 732 | $29,706 |
[ 3.5% - 4.0% ] 3.70% | 811 | $42,034 |
[ 3.5% - 4.0% ] 3.74% | 187 | $35,181 |
[ 3.5% - 4.0% ] 3.87% | 1,472 | $30,328 |
[ 4.0% - 4.5% ] 4.03% | 2,036 | $80,917 |
[ 4.0% - 4.5% ] 4.09% | 220 | $26,771 |
[ 4.0% - 4.5% ] 4.32% | 1,343 | $66,921 |
[ 4.5% - 5.0% ] 4.62% | 2,143 | $75,782 |
[ 4.5% - 5.0% ] 4.67% | 300 | $36,418 |
[ 5.0% - 5.5% ] 5.03% | 159 | $44,821 |
[ 5.0% - 5.5% ] 5.16% | 349 | $76,535 |
[ 5.0% - 5.5% ] 5.30% | 774 | $41,338 |
[ 5.5% - 6.0% ] 5.56% | 126 | $115,504 |
[ 5.5% - 6.0% ] 5.62% | 4,611 | $28,393 |
[ 5.5% - 6.0% ] 5.75% | 226 | $42,576 |
[ 5.5% - 6.0% ] 5.83% | 223 | $19,733 |
[ 6.0% - 6.5% ] 6.10% | 771 | $63,325 |
[ 6.0% - 6.5% ] 6.46% | 449 | $54,570 |
[ 7.0% - 7.5% ] 7.39% | 2,313 | $21,268 |
[ 7.5% - 8.0% ] 7.95% | 390 | $15,102 |
[ 8.5% - 9.0% ] 8.51% | 94 | $29,833 |
[ 9.0% - 9.5% ] 9.11% | 428 | $66,303 |
[ 10.0% - 10.5% ] 10.41% | 442 | $57,044 |
[ 12.5% - 13.0% ] 12.85% | 428 | $33,009 |
[ 13.0% - 13.5% ] 13.10% | 84 | $18,388 |
[ 14.0% - 14.5% ] 14.32% | 1,990 | $44,159 |