What is the average income in ZIP code 37694?

For tax year 2022, the average adjusted gross income on the 780 individual tax returns filed in 37694 was $53,544, compared with $83,755 for Tennessee.

How many people in 37694 get the earned income tax credit?

170 returns in 37694 (21.8%) 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 37694 Income and Tax Statistics

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

Tax returns: 780; 1,480 people on returns
Average adjusted gross income: $53,544; Tennessee $83,755
Average salaries and wages: $47,910; Returns with wages
Average income tax: $5,970; Tennessee $15,247

Returns by adjusted gross income

Returns with negative income are not included

$1 to $24,99923029.5%
$25,000 to $49,99924030.8%
$50,000 to $74,99912015.4%
$75,000 to $99,9998010.3%
$100,000 to $199,99911014.1%
$200,000 or more00.0%

Income, credits and taxes in 37694

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	630	80.8%	$30.18M	$47,910
Business or professional income	130	16.7%	$1.73M	$13,269
Net capital gains	70	9.0%	$428K	$6,114
Taxable pensions and annuities	180	23.1%	$3.64M	$20,211
Taxable Social Security benefits	140	17.9%	$2.13M	$15,200
Itemized deductions	0	0.0%	$0	Not shown
Earned income tax credit	170	21.8%	$404K	$2,376
Refundable child tax credit	100	12.8%	$182K	$1,820
Income tax after credits	540	69.2%	$3.22M	$5,970
Refunds	620	79.5%	$1.54M	$2,485

Frequently asked questions

What is the average income in ZIP code 37694?: For tax year 2022, the average adjusted gross income on the 780 individual tax returns filed in 37694 was $53,544, compared with $83,755 for Tennessee.
How many people in 37694 get the earned income tax credit?: 170 returns in 37694 (21.8%) 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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