Immigrants from Latvia vs Panamanian Median Household Income

The statistical analysis conducted on geographies consisting of 113,726,313 people shows a mild negative correlation between the proportion of Immigrants from Latvia and median household income in the United States with a correlation coefficient (R) of -0.307 and weighted average of $93,602. Similarly, the statistical analysis conducted on geographies consisting of 281,034,556 people shows a mild negative correlation between the proportion of Panamanians and median household income in the United States with a correlation coefficient (R) of -0.398 and weighted average of $82,272, a difference of 13.8%.

In terms of median household income, the demographic groups most similar to Immigrants from Latvia are Immigrants from Egypt ($93,700, a difference of 0.10%), Immigrants from Italy ($93,465, a difference of 0.15%), South African ($93,379, a difference of 0.24%), Immigrants from Afghanistan ($93,375, a difference of 0.24%), and Lithuanian ($93,852, a difference of 0.27%).

In terms of median household income, the demographic groups most similar to Panamanians are Vietnamese ($82,248, a difference of 0.030%), Yugoslavian ($82,186, a difference of 0.10%), Nepalese ($82,410, a difference of 0.17%), Venezuelan ($82,432, a difference of 0.20%), and Salvadoran ($82,449, a difference of 0.22%).