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ZIP Code 08008 Income and Tax Statistics
Ship Bottom, NJ. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 4,470
- 6,950 people on returns
- Average adjusted gross income
- $176,159
- New Jersey $110,957
- Average salaries and wages
- $124,545
- Returns with wages
- Average income tax
- $38,595
- New Jersey $22,935
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99993020.8%
- $25,000 to $49,99958013.0%
- $50,000 to $74,99953011.9%
- $75,000 to $99,99947010.5%
- $100,000 to $199,99999022.1%
- $200,000 or more97021.7%
Income, credits and taxes in 08008
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 | 2,690 | 60.2% | $335M | $124,545 |
| Business or professional income | 850 | 19.0% | $52.81M | $62,124 |
| Net capital gains | 2,270 | 50.8% | $78.68M | $34,660 |
| Taxable pensions and annuities | 1,620 | 36.2% | $68.24M | $42,125 |
| Taxable Social Security benefits | 1,760 | 39.4% | $47.6M | $27,048 |
| Itemized deductions | 1,070 | 23.9% | $42.77M | $39,972 |
| Earned income tax credit | 200 | 4.5% | $201K | $1,005 |
| Refundable child tax credit | 70 | 1.6% | $121K | $1,729 |
| Income tax after credits | 3,670 | 82.1% | $142M | $38,595 |
| Refunds | 2,240 | 50.1% | $9.66M | $4,315 |
Frequently asked questions
- What is the average income in ZIP code 08008?
- For tax year 2022, the average adjusted gross income on the 4,470 individual tax returns filed in 08008 was $176,159, compared with $110,957 for New Jersey.
- How many people in 08008 get the earned income tax credit?
- 200 returns in 08008 (4.5%) 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