Panamanian vs Spanish Median Household Income

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. Similarly, the statistical analysis conducted on geographies consisting of 421,807,066 people shows a weak negative correlation between the proportion of Spanish and median household income in the United States with a correlation coefficient (R) of -0.235 and weighted average of $83,343, a difference of 1.3%.

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%). Similarly, the demographic groups most similar to Spanish are Tsimshian ($83,346, a difference of 0.0%), German ($83,358, a difference of 0.020%), Immigrants from Thailand ($83,327, a difference of 0.020%), Immigrants from Cambodia ($83,304, a difference of 0.050%), and Japanese ($83,395, a difference of 0.060%).