What is the average income in ZIP code 47355?

For tax year 2022, the average adjusted gross income on the 1,190 individual tax returns filed in 47355 was $58,800, compared with $76,831 for Indiana.

How many people in 47355 get the earned income tax credit?

160 returns in 47355 (13.4%) 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 47355 Income and Tax Statistics

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

Tax returns: 1,190; 2,250 people on returns
Average adjusted gross income: $58,800; Indiana $76,831
Average salaries and wages: $51,003; Returns with wages
Average income tax: $6,885; Indiana $12,804

Returns by adjusted gross income

Returns with negative income are not included

$1 to $24,99933027.7%
$25,000 to $49,99933027.7%
$50,000 to $74,99922018.5%
$75,000 to $99,99913010.9%
$100,000 to $199,99915012.6%
$200,000 or more302.5%

Income, credits and taxes in 47355

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	940	79.0%	$47.94M	$51,003
Business or professional income	170	14.3%	$2.26M	$13,306
Net capital gains	150	12.6%	$1.32M	$8,793
Taxable pensions and annuities	250	21.0%	$4.07M	$16,260
Taxable Social Security benefits	220	18.5%	$3.3M	$15,005
Itemized deductions	0	0.0%	$0	Not shown
Earned income tax credit	160	13.4%	$392K	$2,450
Refundable child tax credit	120	10.1%	$249K	$2,075
Income tax after credits	840	70.6%	$5.78M	$6,885
Refunds	840	70.6%	$2.07M	$2,464

Frequently asked questions

What is the average income in ZIP code 47355?: For tax year 2022, the average adjusted gross income on the 1,190 individual tax returns filed in 47355 was $58,800, compared with $76,831 for Indiana.
How many people in 47355 get the earned income tax credit?: 160 returns in 47355 (13.4%) 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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