What is the average income in ZIP code 08518?

For tax year 2022, the average adjusted gross income on the 3,040 individual tax returns filed in 08518 was $77,322, compared with $110,957 for New Jersey.

How many people in 08518 get the earned income tax credit?

350 returns in 08518 (11.5%) 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.

Checked Oct 22, 2026

ZIP Code 08518 Income and Tax Statistics

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

Tax returns: 3,040; 5,470 people on returns
Average adjusted gross income: $77,322; New Jersey $110,957
Average salaries and wages: $71,409; Returns with wages
Average income tax: $11,039; New Jersey $22,935

Returns by adjusted gross income

Returns with negative income are not included

$1 to $24,99966021.7%
$25,000 to $49,99972023.7%
$50,000 to $74,99955018.1%
$75,000 to $99,99936011.8%
$100,000 to $199,99958019.1%
$200,000 or more1705.6%

Income, credits and taxes in 08518

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	2,570	84.5%	$184M	$71,409
Business or professional income	390	12.8%	$4.97M	$12,751
Net capital gains	440	14.5%	$2M	$4,543
Taxable pensions and annuities	670	22.0%	$21.65M	$32,310
Taxable Social Security benefits	510	16.8%	$10.12M	$19,847
Itemized deductions	310	10.2%	$8.89M	$28,668
Earned income tax credit	350	11.5%	$851K	$2,431
Refundable child tax credit	270	8.9%	$494K	$1,830
Income tax after credits	2,350	77.3%	$25.94M	$11,039
Refunds	2,160	71.1%	$5.9M	$2,732

Frequently asked questions

What is the average income in ZIP code 08518?: For tax year 2022, the average adjusted gross income on the 3,040 individual tax returns filed in 08518 was $77,322, compared with $110,957 for New Jersey.
How many people in 08518 get the earned income tax credit?: 350 returns in 08518 (11.5%) 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

Data sources

Statistics of Income (ZIP code data and migration data)Internal Revenue Service

IRS counts are rounded to the nearest 10, and items reported on fewer than 20 returns in a ZIP code are left out to protect taxpayer privacy. ZIP codes with fewer than 100 returns are combined by the IRS and are not shown.

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