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ZIP Code 49101 Income and Tax Statistics
Baroda, MI. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 1,590
- 2,880 people on returns
- Average adjusted gross income
- $70,416
- Michigan $79,093
- Average salaries and wages
- $62,291
- Returns with wages
- Average income tax
- $10,257
- Michigan $13,917
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99949030.8%
- $25,000 to $49,99937023.3%
- $50,000 to $74,99923014.5%
- $75,000 to $99,9991408.8%
- $100,000 to $199,99927017.0%
- $200,000 or more905.7%
Income, credits and taxes in 49101
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 | 1,270 | 79.9% | $79.11M | $62,291 |
| Business or professional income | 230 | 14.5% | $3.43M | $14,922 |
| Net capital gains | 270 | 17.0% | $3.87M | $14,344 |
| Taxable pensions and annuities | 330 | 20.8% | $7.1M | $21,518 |
| Taxable Social Security benefits | 310 | 19.5% | $5.14M | $16,584 |
| Itemized deductions | 70 | 4.4% | $2.41M | $34,486 |
| Earned income tax credit | 170 | 10.7% | $382K | $2,247 |
| Refundable child tax credit | 140 | 8.8% | $257K | $1,836 |
| Income tax after credits | 1,130 | 71.1% | $11.59M | $10,257 |
| Refunds | 1,100 | 69.2% | $2.98M | $2,712 |
Frequently asked questions
- What is the average income in ZIP code 49101?
- For tax year 2022, the average adjusted gross income on the 1,590 individual tax returns filed in 49101 was $70,416, compared with $79,093 for Michigan.
- How many people in 49101 get the earned income tax credit?
- 170 returns in 49101 (10.7%) 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