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ZIP Code 47331 Income and Tax Statistics

Connersville, IN. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns
9,840
18,490 people on returns
Average adjusted gross income
$51,951
Indiana $76,831
Average salaries and wages
$47,320
Returns with wages
Average income tax
$6,425
Indiana $12,804

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,9993,48035.4%
  • $25,000 to $49,9992,61026.5%
  • $50,000 to $74,9991,55015.8%
  • $75,000 to $99,9999309.5%
  • $100,000 to $199,9991,11011.3%
  • $200,000 or more1601.6%

Income, credits and taxes in 47331

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 wages7,96080.9%$377M$47,320
Business or professional income1,15011.7%$15.55M$13,523
Net capital gains1,08011.0%$16.7M$15,467
Taxable pensions and annuities2,45024.9%$38.67M$15,784
Taxable Social Security benefits1,77018.0%$25.5M$14,408
Itemized deductions2102.1%$6.97M$33,171
Earned income tax credit1,93019.6%$4.64M$2,404
Refundable child tax credit1,34013.6%$2.39M$1,787
Income tax after credits6,27063.7%$40.29M$6,425
Refunds7,62077.4%$20.18M$2,649

Frequently asked questions

What is the average income in ZIP code 47331?
For tax year 2022, the average adjusted gross income on the 9,840 individual tax returns filed in 47331 was $51,951, compared with $76,831 for Indiana.
How many people in 47331 get the earned income tax credit?
1,930 returns in 47331 (19.6%) 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