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ZIP Code 48334 Income and Tax Statistics
Farmington Hills, MI. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 9,150
- 15,950 people on returns
- Average adjusted gross income
- $107,090
- Michigan $79,093
- Average salaries and wages
- $90,123
- Returns with wages
- Average income tax
- $19,971
- Michigan $13,917
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9992,33025.5%
- $25,000 to $49,9991,48016.2%
- $50,000 to $74,9991,23013.4%
- $75,000 to $99,99998010.7%
- $100,000 to $199,9992,18023.8%
- $200,000 or more95010.4%
Income, credits and taxes in 48334
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 | 6,970 | 76.2% | $628M | $90,123 |
| Business or professional income | 1,890 | 20.7% | $25.64M | $13,566 |
| Net capital gains | 2,550 | 27.9% | $49.71M | $19,493 |
| Taxable pensions and annuities | 2,100 | 23.0% | $61.29M | $29,186 |
| Taxable Social Security benefits | 1,940 | 21.2% | $41.68M | $21,485 |
| Itemized deductions | 1,050 | 11.5% | $48.52M | $46,213 |
| Earned income tax credit | 730 | 8.0% | $1.59M | $2,181 |
| Refundable child tax credit | 500 | 5.5% | $954K | $1,908 |
| Income tax after credits | 7,020 | 76.7% | $140M | $19,971 |
| Refunds | 5,630 | 61.5% | $18.93M | $3,361 |
Frequently asked questions
- What is the average income in ZIP code 48334?
- For tax year 2022, the average adjusted gross income on the 9,150 individual tax returns filed in 48334 was $107,090, compared with $79,093 for Michigan.
- How many people in 48334 get the earned income tax credit?
- 730 returns in 48334 (8.0%) 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