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ZIP Code 48401 Income and Tax Statistics
Applegate, MI. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 660
- 1,190 people on returns
- Average adjusted gross income
- $54,162
- Michigan $79,093
- Average salaries and wages
- $50,696
- Returns with wages
- Average income tax
- $7,379
- Michigan $13,917
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99924036.4%
- $25,000 to $49,99917025.8%
- $50,000 to $74,9999013.6%
- $75,000 to $99,9998012.1%
- $100,000 to $199,9998012.1%
- $200,000 or more00.0%
Income, credits and taxes in 48401
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 | 470 | 71.2% | $23.83M | $50,696 |
| Business or professional income | 110 | 16.7% | $979K | $8,900 |
| Net capital gains | 110 | 16.7% | $368K | $3,345 |
| Taxable pensions and annuities | 180 | 27.3% | $4.28M | $23,778 |
| Taxable Social Security benefits | 140 | 21.2% | $2M | $14,286 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 100 | 15.2% | $228K | $2,280 |
| Refundable child tax credit | 70 | 10.6% | $130K | $1,857 |
| Income tax after credits | 420 | 63.6% | $3.1M | $7,379 |
| Refunds | 470 | 71.2% | $1.14M | $2,415 |
Frequently asked questions
- What is the average income in ZIP code 48401?
- For tax year 2022, the average adjusted gross income on the 660 individual tax returns filed in 48401 was $54,162, compared with $79,093 for Michigan.
- How many people in 48401 get the earned income tax credit?
- 100 returns in 48401 (15.2%) 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