Immigrants from Latin America vs Icelander Median Earnings

The statistical analysis conducted on geographies consisting of 558,378,715 people shows a strong negative correlation between the proportion of Immigrants from Latin America and median earnings in the United States with a correlation coefficient (R) of -0.721 and weighted average of $41,049. Similarly, the statistical analysis conducted on geographies consisting of 159,666,599 people shows a substantial positive correlation between the proportion of Icelanders and median earnings in the United States with a correlation coefficient (R) of 0.562 and weighted average of $46,916, a difference of 14.3%.

Median Earnings Correlation Summary

Measurement	Immigrants from Latin America	Icelander
Minimum	$9,917	$19,583
Maximum	$51,911	$115,625
Range	$41,994	$96,042
Mean	$36,860	$48,186
Median	$35,939	$44,536
Interquartile 25% (IQ1)	$33,290	$38,407
Interquartile 75% (IQ3)	$40,442	$50,498
Interquartile Range (IQR)	$7,152	$12,091
Standard Deviation (Sample)	$6,579	$17,953
Standard Deviation (Population)	$6,556	$17,732

Similar Demographics by Median Earnings

Demographics Similar to Immigrants from Latin America by Median Earnings

In terms of median earnings, the demographic groups most similar to Immigrants from Latin America are Ute ($41,051, a difference of 0.010%), Immigrants from Caribbean ($41,119, a difference of 0.17%), Immigrants from Micronesia ($41,133, a difference of 0.20%), Shoshone ($40,932, a difference of 0.29%), and Haitian ($40,918, a difference of 0.32%).

Demographics	Rating \| Rank	Median Earnings
Potawatomi	0.1 /100 \| #294	Tragic $41,288
Bangladeshis	0.1 /100 \| #295	Tragic $41,263
Cherokee	0.1 /100 \| #296	Tragic $41,252
Guatemalans	0.1 /100 \| #297	Tragic $41,205
Immigrants \| Micronesia	0.1 /100 \| #298	Tragic $41,133
Immigrants \| Caribbean	0.1 /100 \| #299	Tragic $41,119
Ute	0.1 /100 \| #300	Tragic $41,051
Immigrants \| Latin America	0.1 /100 \| #301	Tragic $41,049
Shoshone	0.0 /100 \| #302	Tragic $40,932
Haitians	0.0 /100 \| #303	Tragic $40,918
Immigrants \| Guatemala	0.0 /100 \| #304	Tragic $40,851
Chickasaw	0.0 /100 \| #305	Tragic $40,672
Yaqui	0.0 /100 \| #306	Tragic $40,647
Hondurans	0.0 /100 \| #307	Tragic $40,638
Cubans	0.0 /100 \| #308	Tragic $40,619

Demographics Similar to Icelanders by Median Earnings

In terms of median earnings, the demographic groups most similar to Icelanders are South American Indian ($46,952, a difference of 0.080%), Immigrants from Eastern Africa ($46,969, a difference of 0.11%), Norwegian ($46,865, a difference of 0.11%), Immigrants from Peru ($47,025, a difference of 0.23%), and Alsatian ($47,023, a difference of 0.23%).

Demographics	Rating \| Rank	Median Earnings
Irish	76.6 /100 \| #156	Good $47,276
Czechs	75.1 /100 \| #157	Good $47,221
Slovaks	71.7 /100 \| #158	Good $47,095
Immigrants \| Peru	69.6 /100 \| #159	Good $47,025
Alsatians	69.6 /100 \| #160	Good $47,023
Immigrants \| Eastern Africa	68.0 /100 \| #161	Good $46,969
South American Indians	67.4 /100 \| #162	Good $46,952
Icelanders	66.3 /100 \| #163	Good $46,916
Norwegians	64.7 /100 \| #164	Good $46,865
South Americans	62.7 /100 \| #165	Good $46,804
Czechoslovakians	57.8 /100 \| #166	Average $46,658
Costa Ricans	57.4 /100 \| #167	Average $46,645
Immigrants \| Africa	54.6 /100 \| #168	Average $46,564
Immigrants \| South America	54.0 /100 \| #169	Average $46,548
Immigrants \| Immigrants	51.6 /100 \| #170	Average $46,478