What is the average income in ZIP code 02038?

For tax year 2022, the average adjusted gross income on the 17,010 individual tax returns filed in 02038 was $132,489, compared with $119,653 for Massachusetts.

How many people in 02038 get the earned income tax credit?

800 returns in 02038 (4.7%) 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 02038 Income and Tax Statistics

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

Tax returns: 17,010; 31,270 people on returns
Average adjusted gross income: $132,489; Massachusetts $119,653
Average salaries and wages: $118,830; Returns with wages
Average income tax: $26,630; Massachusetts $24,841

Returns by adjusted gross income

Returns with negative income are not included

$1 to $24,9993,97023.3%
$25,000 to $49,9992,32013.6%
$50,000 to $74,9992,07012.2%
$75,000 to $99,9991,5609.2%
$100,000 to $199,9993,90022.9%
$200,000 or more3,19018.8%

Income, credits and taxes in 02038

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	14,350	84.4%	$1.71B	$118,830
Business or professional income	2,490	14.6%	$56.56M	$22,716
Net capital gains	4,890	28.7%	$128M	$26,094
Taxable pensions and annuities	3,210	18.9%	$97.59M	$30,402
Taxable Social Security benefits	2,670	15.7%	$52.48M	$19,657
Itemized deductions	2,330	13.7%	$72.6M	$31,159
Earned income tax credit	800	4.7%	$1.56M	$1,949
Refundable child tax credit	510	3.0%	$910K	$1,784
Income tax after credits	13,530	79.5%	$360M	$26,630
Refunds	10,840	63.7%	$32.18M	$2,969

Frequently asked questions

What is the average income in ZIP code 02038?: For tax year 2022, the average adjusted gross income on the 17,010 individual tax returns filed in 02038 was $132,489, compared with $119,653 for Massachusetts.
How many people in 02038 get the earned income tax credit?: 800 returns in 02038 (4.7%) 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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