Icelander Median Family Income
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Median Family Income
Icelander Median Family Income
$104,282
FAMILY INCOME
69.4/ 100
METRIC RATING
161st/ 347
METRIC RANK
Icelander Median Family Income Correlation Chart
The statistical analysis conducted on geographies consisting of 159,597,543 people shows a poor negative correlation between the proportion of Icelanders and median family income in the United States with a correlation coefficient (R) of -0.141 and weighted average of $104,282. On average, for every 1% (one percent) increase in Icelanders within a typical geography, there is a decrease of $246 in median family income.
It is essential to understand that the correlation between the percentage of Icelanders and median family income does not imply a direct cause-and-effect relationship. It remains uncertain whether the presence of Icelanders influences an upward or downward trend in the level of median family income within an area, or if Icelanders simply ended up residing in those areas with higher or lower levels of median family income due to other factors.
Demographics Similar to Icelanders by Median Family Income
In terms of median family income, the demographic groups most similar to Icelanders are Scottish ($104,288, a difference of 0.010%), Swiss ($104,396, a difference of 0.11%), Scandinavian ($104,410, a difference of 0.12%), Moroccan ($104,488, a difference of 0.20%), and Immigrants from Sierra Leone ($103,990, a difference of 0.28%).
| Demographics | Rating | Rank | Median Family Income |
| Immigrants from Nepal | 76.3 /100 | #154 | Good $104,966 |
| Native Hawaiians | 75.8 /100 | #155 | Good $104,910 |
| Basques | 74.4 /100 | #156 | Good $104,760 |
| Moroccans | 71.6 /100 | #157 | Good $104,488 |
| Scandinavians | 70.8 /100 | #158 | Good $104,410 |
| Swiss | 70.7 /100 | #159 | Good $104,396 |
| Scottish | 69.5 /100 | #160 | Good $104,288 |
| Icelanders | 69.4 /100 | #161 | Good $104,282 |
| Immigrants from Sierra Leone | 66.2 /100 | #162 | Good $103,990 |
| Costa Ricans | 66.2 /100 | #163 | Good $103,989 |
| Sierra Leoneans | 64.7 /100 | #164 | Good $103,859 |
| Slovaks | 63.1 /100 | #165 | Good $103,729 |
| English | 62.6 /100 | #166 | Good $103,684 |
| South American Indians | 61.9 /100 | #167 | Good $103,624 |
| Immigrants from Peru | 60.8 /100 | #168 | Good $103,534 |
Icelander Median Family Income Correlation Summary
| Measurement | Icelander Data | Median Family Income Data |
| Minimum | 0.041% | $56,250 |
| Maximum | 58.3% | $165,003 |
| Range | 58.3% | $108,753 |
| Mean | 12.1% | $93,671 |
| Median | 6.3% | $90,899 |
| Interquartile 25% (IQ1) | 3.0% | $75,543 |
| Interquartile 75% (IQ3) | 14.9% | $106,880 |
| Interquartile Range (IQR) | 11.9% | $31,337 |
| Standard Deviation (Sample) | 14.4% | $25,058 |
| Standard Deviation (Population) | 14.2% | $24,750 |
Correlation Details
| Icelander Percentile | Sample Size | Median Family Income |
[ 0.0% - 0.5% ] 0.041% | 155,025,882 | $102,864 |
[ 0.0% - 0.5% ] 0.41% | 3,263,964 | $109,395 |
[ 0.5% - 1.0% ] 0.74% | 704,094 | $104,364 |
[ 0.5% - 1.0% ] 1.00% | 326,684 | $112,718 |
[ 1.0% - 1.5% ] 1.29% | 103,117 | $119,393 |
[ 1.5% - 2.0% ] 1.59% | 63,510 | $121,951 |
[ 1.5% - 2.0% ] 1.89% | 31,507 | $122,680 |
[ 2.0% - 2.5% ] 2.13% | 23,390 | $90,764 |
[ 2.5% - 3.0% ] 2.51% | 7,699 | $79,803 |
[ 2.5% - 3.0% ] 2.83% | 13,034 | $86,782 |
[ 3.0% - 3.5% ] 3.10% | 6,033 | $90,984 |
[ 3.0% - 3.5% ] 3.27% | 1,528 | $98,388 |
[ 3.5% - 4.0% ] 3.75% | 801 | $84,000 |
[ 3.5% - 4.0% ] 3.98% | 4,620 | $98,897 |
[ 4.0% - 4.5% ] 4.17% | 1,151 | $67,156 |
[ 4.0% - 4.5% ] 4.45% | 2,113 | $90,899 |
[ 4.5% - 5.0% ] 4.84% | 475 | $94,554 |
[ 5.0% - 5.5% ] 5.06% | 158 | $57,917 |
[ 5.0% - 5.5% ] 5.33% | 582 | $82,523 |
[ 5.5% - 6.0% ] 5.60% | 5,711 | $97,380 |
[ 6.0% - 6.5% ] 6.29% | 2,131 | $81,841 |
[ 6.5% - 7.0% ] 6.95% | 561 | $89,375 |
[ 7.0% - 7.5% ] 7.05% | 227 | $72,833 |
[ 7.5% - 8.0% ] 7.82% | 997 | $165,003 |
[ 7.5% - 8.0% ] 7.97% | 251 | $63,500 |
[ 9.0% - 9.5% ] 9.26% | 1,360 | $87,847 |
[ 10.0% - 10.5% ] 10.27% | 2,443 | $78,253 |
[ 10.5% - 11.0% ] 10.79% | 278 | $62,847 |
[ 12.5% - 13.0% ] 12.82% | 195 | $115,625 |
[ 13.0% - 13.5% ] 13.40% | 209 | $101,250 |
[ 14.0% - 14.5% ] 14.29% | 35 | $64,688 |
[ 15.0% - 15.5% ] 15.49% | 71 | $121,250 |
[ 17.5% - 18.0% ] 17.61% | 352 | $97,803 |
[ 20.5% - 21.0% ] 20.90% | 244 | $60,147 |
[ 22.5% - 23.0% ] 22.80% | 535 | $128,929 |
[ 27.0% - 27.5% ] 27.38% | 168 | $156,500 |
[ 31.0% - 31.5% ] 31.48% | 953 | $72,339 |
[ 40.5% - 41.0% ] 40.91% | 154 | $58,958 |
[ 46.0% - 46.5% ] 46.15% | 39 | $88,125 |
[ 49.0% - 49.5% ] 49.34% | 227 | $56,250 |
[ 58.0% - 58.5% ] 58.33% | 60 | $103,750 |