What is the average income in ZIP code 46240?

For tax year 2022, the average adjusted gross income on the 10,920 individual tax returns filed in 46240 was $148,856, compared with $76,831 for Indiana.

How many people in 46240 get the earned income tax credit?

990 returns in 46240 (9.1%) 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 46240 Income and Tax Statistics

Indianapolis city (balance), IN. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns: 10,920; 17,510 people on returns
Average adjusted gross income: $148,856; Indiana $76,831
Average salaries and wages: $97,568; Returns with wages
Average income tax: $32,761; Indiana $12,804

Returns by adjusted gross income

Returns with negative income are not included

$1 to $24,9992,51023.0%
$25,000 to $49,9992,58023.6%
$50,000 to $74,9991,78016.3%
$75,000 to $99,9991,0209.3%
$100,000 to $199,9991,81016.6%
$200,000 or more1,22011.2%

Income, credits and taxes in 46240

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	8,550	78.3%	$834M	$97,568
Business or professional income	2,040	18.7%	$47.49M	$23,277
Net capital gains	3,120	28.6%	$272M	$87,156
Taxable pensions and annuities	2,090	19.1%	$50.09M	$23,965
Taxable Social Security benefits	2,050	18.8%	$46.36M	$22,616
Itemized deductions	1,280	11.7%	$81.9M	$63,988
Earned income tax credit	990	9.1%	$2.31M	$2,328
Refundable child tax credit	730	6.7%	$1.33M	$1,827
Income tax after credits	8,610	78.8%	$282M	$32,761
Refunds	6,890	63.1%	$30.62M	$4,444

Frequently asked questions

What is the average income in ZIP code 46240?: For tax year 2022, the average adjusted gross income on the 10,920 individual tax returns filed in 46240 was $148,856, compared with $76,831 for Indiana.
How many people in 46240 get the earned income tax credit?: 990 returns in 46240 (9.1%) 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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