What is the average income in ZIP code 01540?

For tax year 2022, the average adjusted gross income on the 5,840 individual tax returns filed in 01540 was $77,892, compared with $119,653 for Massachusetts.

How many people in 01540 get the earned income tax credit?

490 returns in 01540 (8.4%) claimed the earned income tax credit for tax year 2022.

Why might these numbers differ from Census income figures?

IRS figures count tax returns, not households, and use adjusted gross income from the return. People who do not file a return are not included.

Checked Oct 22, 2026

ZIP Code 01540 Income and Tax Statistics

Oxford, MA. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns: 5,840; 10,020 people on returns
Average adjusted gross income: $77,892; Massachusetts $119,653
Average salaries and wages: $72,101; Returns with wages
Average income tax: $10,693; Massachusetts $24,841

Returns by adjusted gross income

Returns with negative income are not included

$1 to $24,9991,39023.8%
$25,000 to $49,9991,17020.0%
$50,000 to $74,99996016.4%
$75,000 to $99,99970012.0%
$100,000 to $199,9991,31022.4%
$200,000 or more3105.3%

Income, credits and taxes in 01540

Returns that reported each item, the total amount and the average for those returns

Swipe the table sideways to see more columns.

Item	Returns	Share of returns	Total	Average
Salaries and wages	4,960	84.9%	$358M	$72,101
Business or professional income	760	13.0%	$11.96M	$15,732
Net capital gains	840	14.4%	$10.59M	$12,605
Taxable pensions and annuities	1,180	20.2%	$30.34M	$25,713
Taxable Social Security benefits	910	15.6%	$15.09M	$16,585
Itemized deductions	500	8.6%	$12.23M	$24,456
Earned income tax credit	490	8.4%	$1.06M	$2,153
Refundable child tax credit	320	5.5%	$575K	$1,797
Income tax after credits	4,590	78.6%	$49.08M	$10,693
Refunds	4,260	72.9%	$11.01M	$2,585

Frequently asked questions

What is the average income in ZIP code 01540?: For tax year 2022, the average adjusted gross income on the 5,840 individual tax returns filed in 01540 was $77,892, compared with $119,653 for Massachusetts.
How many people in 01540 get the earned income tax credit?: 490 returns in 01540 (8.4%) claimed the earned income tax credit for tax year 2022.
Why might these numbers differ from Census income figures?: IRS figures count tax returns, not households, and use adjusted gross income from the return. People who do not file a return are not included.

Source: Internal Revenue Service, Statistics of Income · Tax year 2022

Data sources

Statistics of Income (ZIP code data and migration data)Internal Revenue Service

IRS counts are rounded to the nearest 10, and items reported on fewer than 20 returns in a ZIP code are left out to protect taxpayer privacy. ZIP codes with fewer than 100 returns are combined by the IRS and are not shown.

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