What is the average income in ZIP code 02540?

For tax year 2022, the average adjusted gross income on the 4,430 individual tax returns filed in 02540 was $137,033, compared with $119,653 for Massachusetts.

How many people in 02540 get the earned income tax credit?

250 returns in 02540 (5.6%) 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 02540 Income and Tax Statistics

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

Tax returns: 4,430; 6,820 people on returns
Average adjusted gross income: $137,033; Massachusetts $119,653
Average salaries and wages: $95,656; Returns with wages
Average income tax: $28,170; Massachusetts $24,841

Returns by adjusted gross income

Returns with negative income are not included

$1 to $24,9991,06023.9%
$25,000 to $49,99972016.3%
$50,000 to $74,99958013.1%
$75,000 to $99,9994109.3%
$100,000 to $199,99991020.5%
$200,000 or more75016.9%

Income, credits and taxes in 02540

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	2,840	64.1%	$272M	$95,656
Business or professional income	890	20.1%	$30.72M	$34,521
Net capital gains	1,760	39.7%	$76.29M	$43,345
Taxable pensions and annuities	1,320	29.8%	$54.85M	$41,556
Taxable Social Security benefits	1,480	33.4%	$35.16M	$23,759
Itemized deductions	680	15.3%	$27.28M	$40,116
Earned income tax credit	250	5.6%	$395K	$1,580
Refundable child tax credit	120	2.7%	$205K	$1,708
Income tax after credits	3,470	78.3%	$97.75M	$28,170
Refunds	2,440	55.1%	$10.18M	$4,170

Frequently asked questions

What is the average income in ZIP code 02540?: For tax year 2022, the average adjusted gross income on the 4,430 individual tax returns filed in 02540 was $137,033, compared with $119,653 for Massachusetts.
How many people in 02540 get the earned income tax credit?: 250 returns in 02540 (5.6%) 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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