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ZIP Code 02891 Income and Tax Statistics
Westerly, RI. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 12,030
- 19,090 people on returns
- Average adjusted gross income
- $107,945
- Rhode Island $85,670
- Average salaries and wages
- $74,164
- Returns with wages
- Average income tax
- $20,178
- Rhode Island $15,099
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9993,08025.6%
- $25,000 to $49,9992,48020.6%
- $50,000 to $74,9991,83015.2%
- $75,000 to $99,9991,25010.4%
- $100,000 to $199,9992,42020.1%
- $200,000 or more9708.1%
Income, credits and taxes in 02891
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 | 9,170 | 76.2% | $680M | $74,164 |
| Business or professional income | 1,820 | 15.1% | $44.2M | $24,288 |
| Net capital gains | 3,030 | 25.2% | $166M | $54,651 |
| Taxable pensions and annuities | 3,060 | 25.4% | $95.02M | $31,051 |
| Taxable Social Security benefits | 2,810 | 23.4% | $56.12M | $19,971 |
| Itemized deductions | 1,050 | 8.7% | $47.25M | $45,004 |
| Earned income tax credit | 970 | 8.1% | $1.96M | $2,024 |
| Refundable child tax credit | 600 | 5.0% | $989K | $1,648 |
| Income tax after credits | 9,340 | 77.6% | $188M | $20,178 |
| Refunds | 7,990 | 66.4% | $23.96M | $2,999 |
Frequently asked questions
- What is the average income in ZIP code 02891?
- For tax year 2022, the average adjusted gross income on the 12,030 individual tax returns filed in 02891 was $107,945, compared with $85,670 for Rhode Island.
- How many people in 02891 get the earned income tax credit?
- 970 returns in 02891 (8.1%) 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