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ZIP Code 08094 Income and Tax Statistics

Victory Lakes, NJ. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns
20,750
38,160 people on returns
Average adjusted gross income
$77,232
New Jersey $110,957
Average salaries and wages
$71,418
Returns with wages
Average income tax
$10,547
New Jersey $22,935

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,9995,07024.4%
  • $25,000 to $49,9994,59022.1%
  • $50,000 to $74,9993,23015.6%
  • $75,000 to $99,9992,36011.4%
  • $100,000 to $199,9994,30020.7%
  • $200,000 or more1,2005.8%

Income, credits and taxes in 08094

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 wages17,27083.2%$1.23B$71,418
Business or professional income2,83013.6%$35.24M$12,452
Net capital gains2,93014.1%$27.62M$9,427
Taxable pensions and annuities4,69022.6%$132M$28,059
Taxable Social Security benefits3,78018.2%$67.79M$17,934
Itemized deductions2,24010.8%$63.87M$28,515
Earned income tax credit2,31011.1%$5.17M$2,236
Refundable child tax credit1,6708.0%$3.08M$1,843
Income tax after credits15,97077.0%$168M$10,547
Refunds15,17073.1%$42.35M$2,791

Frequently asked questions

What is the average income in ZIP code 08094?
For tax year 2022, the average adjusted gross income on the 20,750 individual tax returns filed in 08094 was $77,232, compared with $110,957 for New Jersey.
How many people in 08094 get the earned income tax credit?
2,310 returns in 08094 (11.1%) 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