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ZIP Code 08820 Income and Tax Statistics
Metuchen, NJ. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 18,360
- 39,830 people on returns
- Average adjusted gross income
- $166,490
- New Jersey $110,957
- Average salaries and wages
- $149,600
- Returns with wages
- Average income tax
- $34,406
- New Jersey $22,935
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9993,56019.4%
- $25,000 to $49,9992,07011.3%
- $50,000 to $74,9991,7309.4%
- $75,000 to $99,9991,4407.8%
- $100,000 to $199,9994,46024.3%
- $200,000 or more5,10027.8%
Income, credits and taxes in 08820
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 | 15,350 | 83.6% | $2.3B | $149,600 |
| Business or professional income | 3,050 | 16.6% | $69.31M | $22,725 |
| Net capital gains | 7,770 | 42.3% | $121M | $15,524 |
| Taxable pensions and annuities | 2,700 | 14.7% | $90.73M | $33,604 |
| Taxable Social Security benefits | 2,710 | 14.8% | $68.58M | $25,307 |
| Itemized deductions | 2,360 | 12.9% | $90.25M | $38,242 |
| Earned income tax credit | 1,020 | 5.6% | $2.11M | $2,066 |
| Refundable child tax credit | 640 | 3.5% | $1.14M | $1,788 |
| Income tax after credits | 14,970 | 81.5% | $515M | $34,406 |
| Refunds | 10,360 | 56.4% | $45.75M | $4,416 |
Frequently asked questions
- What is the average income in ZIP code 08820?
- For tax year 2022, the average adjusted gross income on the 18,360 individual tax returns filed in 08820 was $166,490, compared with $110,957 for New Jersey.
- How many people in 08820 get the earned income tax credit?
- 1,020 returns in 08820 (5.6%) 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