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ZIP Code 27265 Income and Tax Statistics

High Point, NC. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns
24,960
46,810 people on returns
Average adjusted gross income
$76,103
North Carolina $84,888
Average salaries and wages
$66,852
Returns with wages
Average income tax
$11,674
North Carolina $15,343

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,9996,44025.8%
  • $25,000 to $49,9996,30025.2%
  • $50,000 to $74,9994,05016.2%
  • $75,000 to $99,9992,55010.2%
  • $100,000 to $199,9994,26017.1%
  • $200,000 or more1,3605.4%

Income, credits and taxes in 27265

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 wages20,86083.6%$1.39B$66,852
Business or professional income4,81019.3%$57.94M$12,046
Net capital gains4,31017.3%$56.02M$12,998
Taxable pensions and annuities4,78019.2%$111M$23,260
Taxable Social Security benefits3,94015.8%$70.49M$17,891
Itemized deductions1,9107.7%$62.96M$32,963
Earned income tax credit3,80015.2%$9.23M$2,429
Refundable child tax credit2,77011.1%$5.28M$1,906
Income tax after credits18,43073.8%$215M$11,674
Refunds16,87067.6%$50.23M$2,977

Frequently asked questions

What is the average income in ZIP code 27265?
For tax year 2022, the average adjusted gross income on the 24,960 individual tax returns filed in 27265 was $76,103, compared with $84,888 for North Carolina.
How many people in 27265 get the earned income tax credit?
3,800 returns in 27265 (15.2%) 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