South American vs Hispanic or Latino Median Household Income

The statistical analysis conducted on geographies consisting of 493,431,068 people shows a poor negative correlation between the proportion of South Americans and median household income in the United States with a correlation coefficient (R) of -0.188 and weighted average of $86,824. Similarly, the statistical analysis conducted on geographies consisting of 577,204,907 people shows a very strong negative correlation between the proportion of Hispanics or Latinos and median household income in the United States with a correlation coefficient (R) of -0.831 and weighted average of $73,823, a difference of 17.6%.

In terms of median household income, the demographic groups most similar to South Americans are Immigrants from Saudi Arabia ($86,875, a difference of 0.060%), Immigrants from Germany ($86,764, a difference of 0.070%), Hungarian ($86,920, a difference of 0.11%), Basque ($87,001, a difference of 0.20%), and Carpatho Rusyn ($86,635, a difference of 0.22%).

In terms of median household income, the demographic groups most similar to Hispanics or Latinos are Comanche ($73,747, a difference of 0.10%), Bangladeshi ($74,112, a difference of 0.39%), Immigrants from Cabo Verde ($73,515, a difference of 0.42%), Blackfeet ($73,509, a difference of 0.43%), and Fijian ($74,205, a difference of 0.52%).