Icelander vs American Median Family Income
COMPARE
Icelander
American
Median Family Income
Median Family Income Comparison
Icelanders
Americans
$104,282
MEDIAN FAMILY INCOME
69.4/ 100
METRIC RATING
161st/ 347
METRIC RANK
$92,096
MEDIAN FAMILY INCOME
0.4/ 100
METRIC RATING
257th/ 347
METRIC RANK
Icelander vs American 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. Similarly, the statistical analysis conducted on geographies consisting of 580,248,843 people shows a mild negative correlation between the proportion of Americans and median family income in the United States with a correlation coefficient (R) of -0.326 and weighted average of $92,096, a difference of 13.2%.
Median Family Income Correlation Summary
| Measurement | Icelander | American |
| Minimum | $56,250 | $2,499 |
| Maximum | $165,003 | $139,235 |
| Range | $108,753 | $136,736 |
| Mean | $93,671 | $73,235 |
| Median | $90,899 | $70,309 |
| Interquartile 25% (IQ1) | $75,543 | $63,060 |
| Interquartile 75% (IQ3) | $106,880 | $81,871 |
| Interquartile Range (IQR) | $31,337 | $18,811 |
| Standard Deviation (Sample) | $25,058 | $18,957 |
| Standard Deviation (Population) | $24,750 | $18,897 |
Similar Demographics by Median Family Income
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 | 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 | 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 | Peru | 60.8 /100 | #168 | Good $103,534 |
Demographics Similar to Americans by Median Family Income
In terms of median family income, the demographic groups most similar to Americans are Nicaraguan ($92,231, a difference of 0.15%), Immigrants from Laos ($92,239, a difference of 0.16%), Osage ($91,926, a difference of 0.19%), Cape Verdean ($91,848, a difference of 0.27%), and Immigrants from Barbados ($92,419, a difference of 0.35%).
| Demographics | Rating | Rank | Median Family Income |
| West Indians | 0.6 /100 | #250 | Tragic $92,765 |
| Immigrants | Somalia | 0.6 /100 | #251 | Tragic $92,609 |
| Immigrants | El Salvador | 0.6 /100 | #252 | Tragic $92,545 |
| Immigrants | Guyana | 0.6 /100 | #253 | Tragic $92,513 |
| Immigrants | Barbados | 0.5 /100 | #254 | Tragic $92,419 |
| Immigrants | Laos | 0.5 /100 | #255 | Tragic $92,239 |
| Nicaraguans | 0.5 /100 | #256 | Tragic $92,231 |
| Americans | 0.4 /100 | #257 | Tragic $92,096 |
| Osage | 0.4 /100 | #258 | Tragic $91,926 |
| Cape Verdeans | 0.4 /100 | #259 | Tragic $91,848 |
| Pennsylvania Germans | 0.4 /100 | #260 | Tragic $91,763 |
| Inupiat | 0.4 /100 | #261 | Tragic $91,730 |
| Liberians | 0.4 /100 | #262 | Tragic $91,722 |
| Immigrants | West Indies | 0.3 /100 | #263 | Tragic $91,588 |
| Senegalese | 0.3 /100 | #264 | Tragic $91,475 |