Checked
ZIP Code 48377 Income and Tax Statistics
Novi, MI. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 9,790
- 16,810 people on returns
- Average adjusted gross income
- $107,236
- Michigan $79,093
- Average salaries and wages
- $91,312
- Returns with wages
- Average income tax
- $18,753
- Michigan $13,917
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9992,07021.1%
- $25,000 to $49,9991,86019.0%
- $50,000 to $74,9991,46014.9%
- $75,000 to $99,9991,04010.6%
- $100,000 to $199,9992,09021.3%
- $200,000 or more1,27013.0%
Income, credits and taxes in 48377
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 | 7,400 | 75.6% | $676M | $91,312 |
| Business or professional income | 1,460 | 14.9% | $16.07M | $11,009 |
| Net capital gains | 2,990 | 30.5% | $52.3M | $17,493 |
| Taxable pensions and annuities | 2,290 | 23.4% | $71.83M | $31,367 |
| Taxable Social Security benefits | 2,130 | 21.8% | $45.42M | $21,323 |
| Itemized deductions | 990 | 10.1% | $41.13M | $41,547 |
| Earned income tax credit | 830 | 8.5% | $1.84M | $2,217 |
| Refundable child tax credit | 550 | 5.6% | $1.02M | $1,853 |
| Income tax after credits | 7,870 | 80.4% | $148M | $18,753 |
| Refunds | 6,230 | 63.6% | $20.36M | $3,269 |
Frequently asked questions
- What is the average income in ZIP code 48377?
- For tax year 2022, the average adjusted gross income on the 9,790 individual tax returns filed in 48377 was $107,236, compared with $79,093 for Michigan.
- How many people in 48377 get the earned income tax credit?
- 830 returns in 48377 (8.5%) 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