What is the average income in ZIP code 37342?

For tax year 2022, the average adjusted gross income on the 1,730 individual tax returns filed in 37342 was $58,886, compared with $83,755 for Tennessee.

How many people in 37342 get the earned income tax credit?

330 returns in 37342 (19.1%) 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 37342 Income and Tax Statistics

Hillsboro, TN. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns: 1,730; 3,460 people on returns
Average adjusted gross income: $58,886; Tennessee $83,755
Average salaries and wages: $51,943; Returns with wages
Average income tax: $6,788; Tennessee $15,247

Returns by adjusted gross income

Returns with negative income are not included

$1 to $24,99951029.5%
$25,000 to $49,99947027.2%
$50,000 to $74,99928016.2%
$75,000 to $99,99920011.6%
$100,000 to $199,99922012.7%
$200,000 or more502.9%

Income, credits and taxes in 37342

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	1,430	82.7%	$74.28M	$51,943
Business or professional income	290	16.8%	$4.35M	$15,003
Net capital gains	210	12.1%	$2.8M	$13,348
Taxable pensions and annuities	350	20.2%	$7.48M	$21,360
Taxable Social Security benefits	280	16.2%	$4.47M	$15,961
Itemized deductions	30	1.7%	$1.09M	$36,300
Earned income tax credit	330	19.1%	$794K	$2,406
Refundable child tax credit	230	13.3%	$435K	$1,891
Income tax after credits	1,210	69.9%	$8.21M	$6,788
Refunds	1,320	76.3%	$3.51M	$2,657

Frequently asked questions

What is the average income in ZIP code 37342?: For tax year 2022, the average adjusted gross income on the 1,730 individual tax returns filed in 37342 was $58,886, compared with $83,755 for Tennessee.
How many people in 37342 get the earned income tax credit?: 330 returns in 37342 (19.1%) 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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