Immigrants from Panama vs Russian Median Household Income

The statistical analysis conducted on geographies consisting of 221,141,293 people shows a substantial negative correlation between the proportion of Immigrants from Panama and median household income in the United States with a correlation coefficient (R) of -0.510 and weighted average of $80,873. Similarly, the statistical analysis conducted on geographies consisting of 511,515,990 people shows a weak negative correlation between the proportion of Russians and median household income in the United States with a correlation coefficient (R) of -0.239 and weighted average of $98,008, a difference of 21.2%.

Median Household Income Correlation Summary

Measurement	Immigrants from Panama	Russian
Minimum	$35,430	$38,750
Maximum	$130,979	$217,375
Range	$95,549	$178,625
Mean	$71,805	$104,714
Median	$75,655	$105,523
Interquartile 25% (IQ1)	$53,712	$71,539
Interquartile 75% (IQ3)	$82,267	$128,679
Interquartile Range (IQR)	$28,555	$57,140
Standard Deviation (Sample)	$23,036	$40,584
Standard Deviation (Population)	$22,661	$40,305

Similar Demographics by Median Household Income

Demographics Similar to Immigrants from Panama by Median Household Income

In terms of median household income, the demographic groups most similar to Immigrants from Panama are Scotch-Irish ($80,972, a difference of 0.12%), Guyanese ($80,734, a difference of 0.17%), Immigrants from Bangladesh ($80,722, a difference of 0.19%), Malaysian ($81,064, a difference of 0.24%), and Immigrants from El Salvador ($81,213, a difference of 0.42%).

Demographics	Rating \| Rank	Median Household Income
Nigerians	10.3 /100 \| #219	Poor $81,725
Immigrants \| Venezuela	9.0 /100 \| #220	Tragic $81,506
Immigrants \| Ghana	9.0 /100 \| #221	Tragic $81,489
Immigrants \| Nigeria	7.7 /100 \| #222	Tragic $81,236
Immigrants \| El Salvador	7.6 /100 \| #223	Tragic $81,213
Malaysians	7.0 /100 \| #224	Tragic $81,064
Scotch-Irish	6.6 /100 \| #225	Tragic $80,972
Immigrants \| Panama	6.2 /100 \| #226	Tragic $80,873
Guyanese	5.7 /100 \| #227	Tragic $80,734
Immigrants \| Bangladesh	5.7 /100 \| #228	Tragic $80,722
Delaware	5.0 /100 \| #229	Tragic $80,527
Bermudans	4.7 /100 \| #230	Tragic $80,406
Trinidadians and Tobagonians	4.7 /100 \| #231	Tragic $80,402
Immigrants \| Trinidad and Tobago	4.6 /100 \| #232	Tragic $80,373
Immigrants \| Azores	4.5 /100 \| #233	Tragic $80,357

Demographics Similar to Russians by Median Household Income

In terms of median household income, the demographic groups most similar to Russians are Immigrants from Switzerland ($97,979, a difference of 0.030%), Immigrants from Pakistan ($97,528, a difference of 0.49%), Chinese ($98,496, a difference of 0.50%), Immigrants from Denmark ($98,510, a difference of 0.51%), and Latvian ($97,311, a difference of 0.72%).

Demographics	Rating \| Rank	Median Household Income
Bhutanese	100.0 /100 \| #27	Exceptional $100,151
Immigrants \| Sri Lanka	100.0 /100 \| #28	Exceptional $99,943
Immigrants \| Asia	100.0 /100 \| #29	Exceptional $99,933
Immigrants \| Northern Europe	100.0 /100 \| #30	Exceptional $99,813
Turks	100.0 /100 \| #31	Exceptional $99,389
Immigrants \| 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 \| Switzerland	100.0 /100 \| #35	Exceptional $97,979
Immigrants \| Pakistan	100.0 /100 \| #36	Exceptional $97,528
Latvians	100.0 /100 \| #37	Exceptional $97,311
Immigrants \| 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 \| Turkey	100.0 /100 \| #41	Exceptional $96,964