Checked
ZIP Code 48371 Income and Tax Statistics
Oxford, MI. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 12,580
- 24,070 people on returns
- Average adjusted gross income
- $92,800
- Michigan $79,093
- Average salaries and wages
- $85,263
- Returns with wages
- Average income tax
- $15,065
- Michigan $13,917
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9993,34026.6%
- $25,000 to $49,9992,22017.6%
- $50,000 to $74,9991,44011.4%
- $75,000 to $99,9991,2409.9%
- $100,000 to $199,9993,06024.3%
- $200,000 or more1,28010.2%
Income, credits and taxes in 48371
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 | 10,220 | 81.2% | $871M | $85,263 |
| Business or professional income | 1,980 | 15.7% | $33.27M | $16,802 |
| Net capital gains | 2,870 | 22.8% | $24.58M | $8,563 |
| Taxable pensions and annuities | 2,770 | 22.0% | $76.05M | $27,456 |
| Taxable Social Security benefits | 2,330 | 18.5% | $45.76M | $19,637 |
| Itemized deductions | 1,030 | 8.2% | $33.18M | $32,214 |
| Earned income tax credit | 1,040 | 8.3% | $2.29M | $2,199 |
| Refundable child tax credit | 770 | 6.1% | $1.38M | $1,791 |
| Income tax after credits | 9,520 | 75.7% | $143M | $15,065 |
| Refunds | 8,470 | 67.3% | $23.34M | $2,756 |
Frequently asked questions
- What is the average income in ZIP code 48371?
- For tax year 2022, the average adjusted gross income on the 12,580 individual tax returns filed in 48371 was $92,800, compared with $79,093 for Michigan.
- How many people in 48371 get the earned income tax credit?
- 1,040 returns in 48371 (8.3%) 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