Panamanian Median Household Income
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Median Household Income
Panamanian Median Household Income
$82,272
HOUSEHOLD INCOME
14.0/ 100
METRIC RATING
214th/ 347
METRIC RANK
Panamanian Median Household Income Correlation Chart
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. On average, for every 1% (one percent) increase in Panamanians within a typical geography, there is a decrease of $1,572 in median household income.
It is essential to understand that the correlation between the percentage of Panamanians and median household 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 household income within an area, or if Panamanians simply ended up residing in those areas with higher or lower levels of median household income due to other factors.
Demographics Similar to Panamanians by Median Household Income
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%).
| Demographics | Rating | Rank | Median Household Income |
| Dutch | 20.3 /100 | #207 | Fair $82,971 |
| French Canadians | 18.7 /100 | #208 | Poor $82,810 |
| Immigrants from Iraq | 16.7 /100 | #209 | Poor $82,594 |
| Immigrants from Uruguay | 16.4 /100 | #210 | Poor $82,560 |
| Salvadorans | 15.4 /100 | #211 | Poor $82,449 |
| Venezuelans | 15.3 /100 | #212 | Poor $82,432 |
| Nepalese | 15.1 /100 | #213 | Poor $82,410 |
| Panamanians | 14.0 /100 | #214 | Poor $82,272 |
| Vietnamese | 13.8 /100 | #215 | Poor $82,248 |
| Yugoslavians | 13.3 /100 | #216 | Poor $82,186 |
| Ecuadorians | 12.5 /100 | #217 | Poor $82,070 |
| Whites/Caucasians | 12.2 /100 | #218 | Poor $82,029 |
| Nigerians | 10.3 /100 | #219 | Poor $81,725 |
| Immigrants from Venezuela | 9.0 /100 | #220 | Tragic $81,506 |
| Immigrants from Ghana | 9.0 /100 | #221 | Tragic $81,489 |
Panamanian Median Household Income Correlation Summary
| Measurement | Panamanian Data | Median Household Income Data |
| Minimum | 0.062% | $20,556 |
| Maximum | 41.8% | $178,834 |
| Range | 41.7% | $158,278 |
| Mean | 6.9% | $72,362 |
| Median | 4.7% | $68,346 |
| Interquartile 25% (IQ1) | 2.2% | $51,530 |
| Interquartile 75% (IQ3) | 8.5% | $83,972 |
| Interquartile Range (IQR) | 6.3% | $32,442 |
| Standard Deviation (Sample) | 7.5% | $29,634 |
| Standard Deviation (Population) | 7.4% | $29,377 |
Correlation Details
| Panamanian Percentile | Sample Size | Median Household Income |
[ 0.0% - 0.5% ] 0.062% | 200,128,098 | $82,003 |
[ 0.0% - 0.5% ] 0.22% | 51,352,952 | $81,723 |
[ 0.0% - 0.5% ] 0.36% | 14,293,712 | $83,663 |
[ 0.5% - 1.0% ] 0.52% | 6,334,545 | $79,960 |
[ 0.5% - 1.0% ] 0.67% | 3,204,358 | $85,146 |
[ 0.5% - 1.0% ] 0.83% | 1,903,703 | $77,001 |
[ 0.5% - 1.0% ] 0.97% | 1,412,066 | $78,548 |
[ 1.0% - 1.5% ] 1.12% | 611,551 | $93,977 |
[ 1.0% - 1.5% ] 1.27% | 555,094 | $86,539 |
[ 1.0% - 1.5% ] 1.43% | 348,365 | $80,228 |
[ 1.5% - 2.0% ] 1.55% | 430,612 | $80,926 |
[ 1.5% - 2.0% ] 1.70% | 128,561 | $83,972 |
[ 1.5% - 2.0% ] 1.91% | 44,469 | $87,999 |
[ 2.0% - 2.5% ] 2.03% | 53,753 | $131,397 |
[ 2.0% - 2.5% ] 2.23% | 19,518 | $68,274 |
[ 2.0% - 2.5% ] 2.33% | 42,195 | $91,411 |
[ 2.5% - 3.0% ] 2.50% | 9,542 | $89,981 |
[ 2.5% - 3.0% ] 2.65% | 15,381 | $105,168 |
[ 2.5% - 3.0% ] 2.78% | 36,175 | $74,642 |
[ 2.5% - 3.0% ] 2.95% | 9,502 | $122,729 |
[ 3.0% - 3.5% ] 3.11% | 30,267 | $83,930 |
[ 3.0% - 3.5% ] 3.27% | 8,559 | $53,694 |
[ 3.0% - 3.5% ] 3.37% | 13,798 | $107,243 |
[ 3.5% - 4.0% ] 3.52% | 654 | $49,896 |
[ 3.5% - 4.0% ] 3.66% | 1,258 | $40,473 |
[ 4.0% - 4.5% ] 4.15% | 4,550 | $58,707 |
[ 4.0% - 4.5% ] 4.36% | 482 | $80,000 |
[ 4.0% - 4.5% ] 4.41% | 5,009 | $47,964 |
[ 4.5% - 5.0% ] 4.60% | 631 | $60,034 |
[ 4.5% - 5.0% ] 4.71% | 4,033 | $52,217 |
[ 5.0% - 5.5% ] 5.39% | 7,901 | $95,044 |
[ 5.0% - 5.5% ] 5.42% | 166 | $68,594 |
[ 5.5% - 6.0% ] 5.75% | 991 | $43,269 |
[ 5.5% - 6.0% ] 5.99% | 7,779 | $178,834 |
[ 6.0% - 6.5% ] 6.29% | 874 | $147,188 |
[ 6.5% - 7.0% ] 6.60% | 1,439 | $44,054 |
[ 6.5% - 7.0% ] 6.90% | 507 | $66,250 |
[ 7.0% - 7.5% ] 7.07% | 368 | $45,714 |
[ 7.0% - 7.5% ] 7.28% | 1,072 | $126,927 |
[ 7.0% - 7.5% ] 7.43% | 323 | $28,209 |
[ 7.5% - 8.0% ] 7.58% | 396 | $82,772 |
[ 7.5% - 8.0% ] 7.89% | 2,724 | $50,967 |
[ 8.0% - 8.5% ] 8.01% | 811 | $68,417 |
[ 8.0% - 8.5% ] 8.49% | 318 | $51,530 |
[ 9.0% - 9.5% ] 9.24% | 357 | $20,556 |
[ 9.0% - 9.5% ] 9.41% | 202 | $56,250 |
[ 9.5% - 10.0% ] 9.73% | 514 | $65,908 |
[ 10.0% - 10.5% ] 10.00% | 740 | $33,750 |
[ 11.5% - 12.0% ] 11.58% | 1,002 | $62,257 |
[ 12.5% - 13.0% ] 12.59% | 135 | $57,500 |
[ 13.5% - 14.0% ] 13.58% | 972 | $64,444 |
[ 14.5% - 15.0% ] 14.61% | 219 | $36,406 |
[ 15.5% - 16.0% ] 15.70% | 414 | $68,177 |
[ 16.5% - 17.0% ] 16.89% | 296 | $65,291 |
[ 18.0% - 18.5% ] 18.29% | 175 | $35,430 |
[ 22.5% - 23.0% ] 22.97% | 74 | $55,357 |
[ 30.0% - 30.5% ] 30.08% | 133 | $38,750 |
[ 41.5% - 42.0% ] 41.76% | 261 | $39,727 |