Latvian vs Australian Median Household Income
COMPARE
Latvian
Australian
Median Household Income
Median Household Income Comparison
Latvians
Australians
$97,311
MEDIAN HOUSEHOLD INCOME
100.0/ 100
METRIC RATING
37th/ 347
METRIC RANK
$96,490
MEDIAN HOUSEHOLD INCOME
99.9/ 100
METRIC RATING
46th/ 347
METRIC RANK
Latvian vs Australian Median Household Income Correlation Chart
The statistical analysis conducted on geographies consisting of 220,635,560 people shows a mild negative correlation between the proportion of Latvians and median household income in the United States with a correlation coefficient (R) of -0.349 and weighted average of $97,311. Similarly, the statistical analysis conducted on geographies consisting of 223,978,576 people shows a moderate negative correlation between the proportion of Australians and median household income in the United States with a correlation coefficient (R) of -0.489 and weighted average of $96,490, a difference of 0.85%.
Median Household Income Correlation Summary
| Measurement | Latvian | Australian |
| Minimum | $36,528 | $30,714 |
| Maximum | $187,593 | $166,528 |
| Range | $151,065 | $135,814 |
| Mean | $95,169 | $91,180 |
| Median | $96,299 | $88,142 |
| Interquartile 25% (IQ1) | $60,583 | $68,506 |
| Interquartile 75% (IQ3) | $122,068 | $103,837 |
| Interquartile Range (IQR) | $61,485 | $35,331 |
| Standard Deviation (Sample) | $38,310 | $30,330 |
| Standard Deviation (Population) | $38,014 | $30,047 |
Demographics Similar to Latvians and Australians by Median Household Income
In terms of median household income, the demographic groups most similar to Latvians are Immigrants from Indonesia ($97,297, a difference of 0.010%), Immigrants from Pakistan ($97,528, a difference of 0.22%), Afghan ($97,026, a difference of 0.29%), Maltese ($97,015, a difference of 0.31%), and Immigrants from Turkey ($96,964, a difference of 0.36%). Similarly, the demographic groups most similar to Australians are Israeli ($96,552, a difference of 0.060%), Immigrants from Russia ($96,378, a difference of 0.12%), Cambodian ($96,324, a difference of 0.17%), Immigrants from Greece ($96,675, a difference of 0.19%), and Immigrants from Malaysia ($96,292, a difference of 0.21%).
| Demographics | Rating | Rank | Median Household Income |
| Turks | 100.0 /100 | #31 | Exceptional $99,389 |
| Immigrants | Denmark | 100.0 /100 | #32 | Exceptional $98,510 |
| Chinese | 100.0 /100 | #33 | Exceptional $98,496 |
| Russians | 100.0 /100 | #34 | Exceptional $98,008 |
| Immigrants | Switzerland | 100.0 /100 | #35 | Exceptional $97,979 |
| Immigrants | Pakistan | 100.0 /100 | #36 | Exceptional $97,528 |
| Latvians | 100.0 /100 | #37 | Exceptional $97,311 |
| Immigrants | Indonesia | 100.0 /100 | #38 | Exceptional $97,297 |
| Afghans | 100.0 /100 | #39 | Exceptional $97,026 |
| Maltese | 100.0 /100 | #40 | Exceptional $97,015 |
| Immigrants | Turkey | 100.0 /100 | #41 | Exceptional $96,964 |
| Immigrants | Lithuania | 99.9 /100 | #42 | Exceptional $96,836 |
| Immigrants | France | 99.9 /100 | #43 | Exceptional $96,743 |
| Immigrants | Greece | 99.9 /100 | #44 | Exceptional $96,675 |
| Israelis | 99.9 /100 | #45 | Exceptional $96,552 |
| Australians | 99.9 /100 | #46 | Exceptional $96,490 |
| Immigrants | Russia | 99.9 /100 | #47 | Exceptional $96,378 |
| Cambodians | 99.9 /100 | #48 | Exceptional $96,324 |
| Immigrants | Malaysia | 99.9 /100 | #49 | Exceptional $96,292 |
| Bulgarians | 99.9 /100 | #50 | Exceptional $96,290 |
| Estonians | 99.9 /100 | #51 | Exceptional $95,930 |