Icelander vs Immigrants from Armenia Median Earnings

The statistical analysis conducted on geographies consisting of 159,666,599 people shows a substantial positive correlation between the proportion of Icelanders and median earnings in the United States with a correlation coefficient (R) of 0.562 and weighted average of $46,916. Similarly, the statistical analysis conducted on geographies consisting of 97,724,966 people shows a weak negative correlation between the proportion of Immigrants from Armenia and median earnings in the United States with a correlation coefficient (R) of -0.279 and weighted average of $46,094, a difference of 1.8%.

Median Earnings Correlation Summary

Measurement	Icelander	Immigrants from Armenia
Minimum	$19,583	$28,479
Maximum	$115,625	$67,833
Range	$96,042	$39,354
Mean	$48,186	$47,758
Median	$44,536	$48,131
Interquartile 25% (IQ1)	$38,407	$40,972
Interquartile 75% (IQ3)	$50,498	$53,018
Interquartile Range (IQR)	$12,091	$12,046
Standard Deviation (Sample)	$17,953	$9,191
Standard Deviation (Population)	$17,732	$9,118

Similar Demographics by Median Earnings

Demographics Similar to Icelanders by Median Earnings

In terms of median earnings, the demographic groups most similar to Icelanders are South American Indian ($46,952, a difference of 0.080%), Immigrants from Eastern Africa ($46,969, a difference of 0.11%), Norwegian ($46,865, a difference of 0.11%), Immigrants from Peru ($47,025, a difference of 0.23%), and Alsatian ($47,023, a difference of 0.23%).

Demographics	Rating \| Rank	Median Earnings
Irish	76.6 /100 \| #156	Good $47,276
Czechs	75.1 /100 \| #157	Good $47,221
Slovaks	71.7 /100 \| #158	Good $47,095
Immigrants \| Peru	69.6 /100 \| #159	Good $47,025
Alsatians	69.6 /100 \| #160	Good $47,023
Immigrants \| Eastern Africa	68.0 /100 \| #161	Good $46,969
South American Indians	67.4 /100 \| #162	Good $46,952
Icelanders	66.3 /100 \| #163	Good $46,916
Norwegians	64.7 /100 \| #164	Good $46,865
South Americans	62.7 /100 \| #165	Good $46,804
Czechoslovakians	57.8 /100 \| #166	Average $46,658
Costa Ricans	57.4 /100 \| #167	Average $46,645
Immigrants \| Africa	54.6 /100 \| #168	Average $46,564
Immigrants \| South America	54.0 /100 \| #169	Average $46,548
Immigrants \| Immigrants	51.6 /100 \| #170	Average $46,478

Demographics Similar to Immigrants from Armenia by Median Earnings

In terms of median earnings, the demographic groups most similar to Immigrants from Armenia are Spaniard ($46,059, a difference of 0.080%), Iraqi ($46,140, a difference of 0.10%), French Canadian ($46,026, a difference of 0.15%), Vietnamese ($46,172, a difference of 0.17%), and Uruguayan ($46,190, a difference of 0.21%).

Demographics	Rating \| Rank	Median Earnings
Immigrants \| Cameroon	46.4 /100 \| #181	Average $46,329
Swiss	45.9 /100 \| #182	Average $46,315
French	45.2 /100 \| #183	Average $46,296
Immigrants \| Kenya	42.4 /100 \| #184	Average $46,214
Uruguayans	41.6 /100 \| #185	Average $46,190
Vietnamese	40.9 /100 \| #186	Average $46,172
Iraqis	39.9 /100 \| #187	Fair $46,140
Immigrants \| Armenia	38.3 /100 \| #188	Fair $46,094
Spaniards	37.2 /100 \| #189	Fair $46,059
French Canadians	36.1 /100 \| #190	Fair $46,026
Finns	33.4 /100 \| #191	Fair $45,940
Germans	33.2 /100 \| #192	Fair $45,935
Guamanians/Chamorros	33.2 /100 \| #193	Fair $45,933
Immigrants \| Costa Rica	33.0 /100 \| #194	Fair $45,928
Immigrants \| St. Vincent and the Grenadines	32.4 /100 \| #195	Fair $45,908