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ZIP Code 29307 Income and Tax Statistics

Cowpens, SC. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns
9,040
16,570 people on returns
Average adjusted gross income
$72,029
South Carolina $78,283
Average salaries and wages
$55,893
Returns with wages
Average income tax
$11,062
South Carolina $13,696

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,9992,61028.9%
  • $25,000 to $49,9992,48027.4%
  • $50,000 to $74,9991,37015.2%
  • $75,000 to $99,9998309.2%
  • $100,000 to $199,9991,32014.6%
  • $200,000 or more4304.8%

Income, credits and taxes in 29307

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 wages7,20079.6%$402M$55,893
Business or professional income1,43015.8%$16.08M$11,245
Net capital gains1,64018.1%$37.28M$22,729
Taxable pensions and annuities2,08023.0%$52.86M$25,412
Taxable Social Security benefits1,90021.0%$37.29M$19,624
Itemized deductions6106.7%$29.56M$48,461
Earned income tax credit1,60017.7%$3.9M$2,434
Refundable child tax credit1,17012.9%$2.21M$1,891
Income tax after credits6,31069.8%$69.8M$11,062
Refunds5,95065.8%$15.95M$2,681

Frequently asked questions

What is the average income in ZIP code 29307?
For tax year 2022, the average adjusted gross income on the 9,040 individual tax returns filed in 29307 was $72,029, compared with $78,283 for South Carolina.
How many people in 29307 get the earned income tax credit?
1,600 returns in 29307 (17.7%) 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