What is the average income in ZIP code 47557?

For tax year 2022, the average adjusted gross income on the 660 individual tax returns filed in 47557 was $69,355, compared with $76,831 for Indiana.

How many people in 47557 get the earned income tax credit?

80 returns in 47557 (12.1%) 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 47557 Income and Tax Statistics

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

Tax returns: 660; 1,300 people on returns
Average adjusted gross income: $69,355; Indiana $76,831
Average salaries and wages: $61,678; Returns with wages
Average income tax: $8,775; Indiana $12,804

Returns by adjusted gross income

Returns with negative income are not included

$1 to $24,99918027.3%
$25,000 to $49,99913019.7%
$50,000 to $74,99911016.7%
$75,000 to $99,9999013.6%
$100,000 to $199,99912018.2%
$200,000 or more304.5%

Income, credits and taxes in 47557

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	540	81.8%	$33.31M	$61,678
Business or professional income	70	10.6%	$853K	$12,186
Net capital gains	110	16.7%	$449K	$4,082
Taxable pensions and annuities	130	19.7%	$2.38M	$18,315
Taxable Social Security benefits	100	15.2%	$1.62M	$16,200
Itemized deductions	0	0.0%	$0	Not shown
Earned income tax credit	80	12.1%	$179K	$2,238
Refundable child tax credit	70	10.6%	$96K	$1,371
Income tax after credits	480	72.7%	$4.21M	$8,775
Refunds	480	72.7%	$1.29M	$2,696

Frequently asked questions

What is the average income in ZIP code 47557?: For tax year 2022, the average adjusted gross income on the 660 individual tax returns filed in 47557 was $69,355, compared with $76,831 for Indiana.
How many people in 47557 get the earned income tax credit?: 80 returns in 47557 (12.1%) 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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