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ZIP Code 27703 Income and Tax Statistics
Durham, NC. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 33,550
- 58,230 people on returns
- Average adjusted gross income
- $78,651
- North Carolina $84,888
- Average salaries and wages
- $73,213
- Returns with wages
- Average income tax
- $12,252
- North Carolina $15,343
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9998,00023.8%
- $25,000 to $49,9997,70023.0%
- $50,000 to $74,9995,45016.2%
- $75,000 to $99,9993,70011.0%
- $100,000 to $199,9996,61019.7%
- $200,000 or more2,0906.2%
Income, credits and taxes in 27703
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 | 28,080 | 83.7% | $2.06B | $73,213 |
| Business or professional income | 7,040 | 21.0% | $65.43M | $9,294 |
| Net capital gains | 6,110 | 18.2% | $72.76M | $11,908 |
| Taxable pensions and annuities | 5,620 | 16.8% | $161M | $28,715 |
| Taxable Social Security benefits | 4,320 | 12.9% | $90.22M | $20,884 |
| Itemized deductions | 4,110 | 12.3% | $114M | $27,690 |
| Earned income tax credit | 4,810 | 14.3% | $12.37M | $2,572 |
| Refundable child tax credit | 3,920 | 11.7% | $7.36M | $1,878 |
| Income tax after credits | 25,270 | 75.3% | $310M | $12,252 |
| Refunds | 22,820 | 68.0% | $64.97M | $2,847 |
Frequently asked questions
- What is the average income in ZIP code 27703?
- For tax year 2022, the average adjusted gross income on the 33,550 individual tax returns filed in 27703 was $78,651, compared with $84,888 for North Carolina.
- How many people in 27703 get the earned income tax credit?
- 4,810 returns in 27703 (14.3%) 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