Icelander vs Immigrants from Panama 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 221,169,853 people shows no correlation between the proportion of Immigrants from Panama and median earnings in the United States with a correlation coefficient (R) of 0.010 and weighted average of $45,198, a difference of 3.8%.

Median Earnings Correlation Summary

Measurement	Icelander	Immigrants from Panama
Minimum	$19,583	$23,516
Maximum	$115,625	$64,519
Range	$96,042	$41,003
Mean	$48,186	$44,283
Median	$44,536	$44,355
Interquartile 25% (IQ1)	$38,407	$39,682
Interquartile 75% (IQ3)	$50,498	$49,375
Interquartile Range (IQR)	$12,091	$9,693
Standard Deviation (Sample)	$17,953	$9,181
Standard Deviation (Population)	$17,732	$9,041

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 Panama by Median Earnings

In terms of median earnings, the demographic groups most similar to Immigrants from Panama are White/Caucasian ($45,197, a difference of 0.0%), Immigrants from Guyana ($45,204, a difference of 0.010%), Ecuadorian ($45,214, a difference of 0.030%), West Indian ($45,132, a difference of 0.15%), and Immigrants from Cambodia ($45,090, a difference of 0.24%).

Demographics	Rating \| Rank	Median Earnings
Immigrants \| Bangladesh	22.0 /100 \| #215	Fair $45,532
Guyanese	20.6 /100 \| #216	Fair $45,470
Tlingit-Haida	20.5 /100 \| #217	Fair $45,468
Spanish	19.7 /100 \| #218	Poor $45,432
Dutch	18.4 /100 \| #219	Poor $45,370
Ecuadorians	15.3 /100 \| #220	Poor $45,214
Immigrants \| Guyana	15.1 /100 \| #221	Poor $45,204
Immigrants \| Panama	15.0 /100 \| #222	Poor $45,198
Whites/Caucasians	15.0 /100 \| #223	Poor $45,197
West Indians	13.9 /100 \| #224	Poor $45,132
Immigrants \| Cambodia	13.2 /100 \| #225	Poor $45,090
Immigrants \| Nigeria	12.2 /100 \| #226	Poor $45,030
Native Hawaiians	12.2 /100 \| #227	Poor $45,027
Immigrants \| Iraq	11.6 /100 \| #228	Poor $44,988
Scotch-Irish	10.7 /100 \| #229	Poor $44,924