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ZIP Code 04640 Income and Tax Statistics

Bar Harbor, ME. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns
1,310
2,160 people on returns
Average adjusted gross income
$64,202
Maine $78,002
Average salaries and wages
$52,288
Returns with wages
Average income tax
$7,943
Maine $12,254

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,99937028.2%
  • $25,000 to $49,99938029.0%
  • $50,000 to $74,99923017.6%
  • $75,000 to $99,9991209.2%
  • $100,000 to $199,99916012.2%
  • $200,000 or more503.8%

Income, credits and taxes in 04640

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

Swipe the table sideways to see more columns.

ItemReturnsShare of returnsTotalAverage
Salaries and wages1,00076.3%$52.29M$52,288
Business or professional income26019.8%$5.41M$20,815
Net capital gains22016.8%$5.05M$22,932
Taxable pensions and annuities25019.1%$5.97M$23,888
Taxable Social Security benefits26019.8%$4.23M$16,285
Itemized deductions503.8%$1.73M$34,540
Earned income tax credit17013.0%$374K$2,200
Refundable child tax credit1007.6%$161K$1,610
Income tax after credits96073.3%$7.63M$7,943
Refunds85064.9%$2.13M$2,508

Frequently asked questions

What is the average income in ZIP code 04640?
For tax year 2022, the average adjusted gross income on the 1,310 individual tax returns filed in 04640 was $64,202, compared with $78,002 for Maine.
How many people in 04640 get the earned income tax credit?
170 returns in 04640 (13.0%) 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