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ZIP Code 08087 Income and Tax Statistics

Mystic Island, NJ. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns
13,240
22,990 people on returns
Average adjusted gross income
$73,706
New Jersey $110,957
Average salaries and wages
$62,303
Returns with wages
Average income tax
$9,863
New Jersey $22,935

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,9993,26024.6%
  • $25,000 to $49,9992,98022.5%
  • $50,000 to $74,9992,16016.3%
  • $75,000 to $99,9991,62012.2%
  • $100,000 to $199,9992,63019.9%
  • $200,000 or more5904.5%

Income, credits and taxes in 08087

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 wages9,93075.0%$619M$62,303
Business or professional income1,79013.5%$29.42M$16,434
Net capital gains2,49018.8%$23.47M$9,427
Taxable pensions and annuities3,83028.9%$120M$31,365
Taxable Social Security benefits3,51026.5%$70.33M$20,037
Itemized deductions1,37010.3%$45.85M$33,466
Earned income tax credit1,36010.3%$2.95M$2,171
Refundable child tax credit9206.9%$1.69M$1,834
Income tax after credits10,23077.3%$101M$9,863
Refunds9,15069.1%$23.68M$2,588

Frequently asked questions

What is the average income in ZIP code 08087?
For tax year 2022, the average adjusted gross income on the 13,240 individual tax returns filed in 08087 was $73,706, compared with $110,957 for New Jersey.
How many people in 08087 get the earned income tax credit?
1,360 returns in 08087 (10.3%) 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