Panamanian Median Family Income
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Median Family Income
Panamanian Median Family Income
$97,683
FAMILY INCOME
7.2/ 100
METRIC RATING
212th/ 347
METRIC RANK
Panamanian Median Family Income Correlation Chart
The statistical analysis conducted on geographies consisting of 281,027,872 people shows a poor negative correlation between the proportion of Panamanians and median family income in the United States with a correlation coefficient (R) of -0.184 and weighted average of $97,683. On average, for every 1% (one percent) increase in Panamanians within a typical geography, there is a decrease of $1,236 in median family income.
It is essential to understand that the correlation between the percentage of Panamanians and median family income does not imply a direct cause-and-effect relationship. It remains uncertain whether the presence of Panamanians influences an upward or downward trend in the level of median family income within an area, or if Panamanians simply ended up residing in those areas with higher or lower levels of median family income due to other factors.
Demographics Similar to Panamanians by Median Family Income
In terms of median family income, the demographic groups most similar to Panamanians are Immigrants from Sudan ($97,737, a difference of 0.050%), Immigrants from Armenia ($97,605, a difference of 0.080%), Bermudan ($97,577, a difference of 0.11%), Nigerian ($97,522, a difference of 0.17%), and Immigrants from Bosnia and Herzegovina ($97,432, a difference of 0.26%).
| Demographics | Rating | Rank | Median Family Income |
| Hawaiians | 12.5 /100 | #205 | Poor $98,869 |
| Immigrants from Iraq | 12.1 /100 | #206 | Poor $98,786 |
| Aleuts | 11.6 /100 | #207 | Poor $98,702 |
| Immigrants from Uruguay | 9.2 /100 | #208 | Tragic $98,205 |
| Immigrants from Colombia | 8.7 /100 | #209 | Tragic $98,067 |
| Puget Sound Salish | 8.2 /100 | #210 | Tragic $97,958 |
| Immigrants from Sudan | 7.4 /100 | #211 | Tragic $97,737 |
| Panamanians | 7.2 /100 | #212 | Tragic $97,683 |
| Immigrants from Armenia | 7.0 /100 | #213 | Tragic $97,605 |
| Bermudans | 6.9 /100 | #214 | Tragic $97,577 |
| Nigerians | 6.7 /100 | #215 | Tragic $97,522 |
| Immigrants from Bosnia and Herzegovina | 6.4 /100 | #216 | Tragic $97,432 |
| Japanese | 6.0 /100 | #217 | Tragic $97,288 |
| Immigrants from Cambodia | 5.8 /100 | #218 | Tragic $97,222 |
| Delaware | 5.1 /100 | #219 | Tragic $96,958 |
Panamanian Median Family Income Correlation Summary
| Measurement | Panamanian Data | Median Family Income Data |
| Minimum | 0.062% | $41,845 |
| Maximum | 23.0% | $191,635 |
| Range | 22.9% | $149,790 |
| Mean | 5.6% | $93,845 |
| Median | 4.3% | $93,176 |
| Interquartile 25% (IQ1) | 2.0% | $69,694 |
| Interquartile 75% (IQ3) | 8.0% | $102,381 |
| Interquartile Range (IQR) | 6.0% | $32,687 |
| Standard Deviation (Sample) | 4.9% | $33,147 |
| Standard Deviation (Population) | 4.9% | $32,827 |
Correlation Details
| Panamanian Percentile | Sample Size | Median Family Income |
[ 0.0% - 0.5% ] 0.062% | 200,134,436 | $99,107 |
[ 0.0% - 0.5% ] 0.22% | 51,350,274 | $96,637 |
[ 0.0% - 0.5% ] 0.36% | 14,287,354 | $98,593 |
[ 0.5% - 1.0% ] 0.52% | 6,337,385 | $93,266 |
[ 0.5% - 1.0% ] 0.67% | 3,204,358 | $100,818 |
[ 0.5% - 1.0% ] 0.83% | 1,903,703 | $89,598 |
[ 0.5% - 1.0% ] 0.97% | 1,411,961 | $92,576 |
[ 1.0% - 1.5% ] 1.12% | 610,722 | $110,904 |
[ 1.0% - 1.5% ] 1.27% | 554,624 | $102,636 |
[ 1.0% - 1.5% ] 1.43% | 349,324 | $90,714 |
[ 1.5% - 2.0% ] 1.55% | 428,666 | $96,613 |
[ 1.5% - 2.0% ] 1.70% | 128,561 | $93,474 |
[ 1.5% - 2.0% ] 1.91% | 44,469 | $101,684 |
[ 2.0% - 2.5% ] 2.03% | 53,213 | $147,527 |
[ 2.0% - 2.5% ] 2.23% | 18,484 | $93,085 |
[ 2.0% - 2.5% ] 2.33% | 42,195 | $108,281 |
[ 2.5% - 3.0% ] 2.50% | 9,542 | $104,976 |
[ 2.5% - 3.0% ] 2.65% | 15,381 | $119,207 |
[ 2.5% - 3.0% ] 2.78% | 36,175 | $89,227 |
[ 2.5% - 3.0% ] 2.95% | 9,502 | $137,862 |
[ 3.0% - 3.5% ] 3.11% | 30,267 | $96,193 |
[ 3.0% - 3.5% ] 3.27% | 8,559 | $67,574 |
[ 3.0% - 3.5% ] 3.37% | 13,798 | $130,364 |
[ 3.5% - 4.0% ] 3.52% | 654 | $65,000 |
[ 3.5% - 4.0% ] 3.66% | 1,258 | $52,356 |
[ 4.0% - 4.5% ] 4.15% | 4,550 | $72,551 |
[ 4.0% - 4.5% ] 4.36% | 482 | $95,417 |
[ 4.0% - 4.5% ] 4.41% | 4,876 | $67,721 |
[ 4.5% - 5.0% ] 4.60% | 631 | $66,591 |
[ 4.5% - 5.0% ] 4.71% | 4,033 | $51,875 |
[ 5.0% - 5.5% ] 5.39% | 7,901 | $107,401 |
[ 5.0% - 5.5% ] 5.42% | 166 | $101,125 |
[ 5.5% - 6.0% ] 5.75% | 991 | $59,444 |
[ 5.5% - 6.0% ] 5.99% | 7,779 | $188,808 |
[ 6.0% - 6.5% ] 6.29% | 874 | $191,635 |
[ 7.0% - 7.5% ] 7.28% | 1,072 | $176,429 |
[ 7.0% - 7.5% ] 7.44% | 242 | $41,845 |
[ 7.5% - 8.0% ] 7.58% | 396 | $84,130 |
[ 7.5% - 8.0% ] 7.89% | 2,724 | $74,083 |
[ 8.0% - 8.5% ] 8.02% | 1,047 | $85,685 |
[ 8.0% - 8.5% ] 8.49% | 318 | $52,388 |
[ 9.0% - 9.5% ] 9.24% | 357 | $43,796 |
[ 9.0% - 9.5% ] 9.41% | 202 | $73,594 |
[ 9.5% - 10.0% ] 9.73% | 514 | $96,250 |
[ 10.0% - 10.5% ] 10.00% | 740 | $56,136 |
[ 11.5% - 12.0% ] 11.58% | 1,002 | $67,056 |
[ 12.5% - 13.0% ] 12.59% | 135 | $83,125 |
[ 13.5% - 14.0% ] 13.58% | 972 | $90,133 |
[ 14.5% - 15.0% ] 14.61% | 219 | $143,854 |
[ 15.5% - 16.0% ] 15.70% | 414 | $102,125 |
[ 16.5% - 17.0% ] 16.89% | 296 | $71,667 |
[ 22.5% - 23.0% ] 22.97% | 74 | $56,786 |