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ZIP Code 50107 Income and Tax Statistics

Grand Junction, IA. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns
420
790 people on returns
Average adjusted gross income
$64,088
Iowa $83,195
Average salaries and wages
$53,211
Returns with wages
Average income tax
$7,138
Iowa $12,679

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,99910023.8%
  • $25,000 to $49,99910023.8%
  • $50,000 to $74,9998019.0%
  • $75,000 to $99,9996014.3%
  • $100,000 to $199,9998019.0%
  • $200,000 or more00.0%

Income, credits and taxes in 50107

Returns that reported each item, the total amount and the average for those returns

Swipe the table sideways to see more columns.

ItemReturnsShare of returnsTotalAverage
Salaries and wages36085.7%$19.16M$53,211
Business or professional income8019.0%$373K$4,663
Net capital gains6014.3%$457K$7,617
Taxable pensions and annuities8019.0%$1.36M$16,938
Taxable Social Security benefits8019.0%$1.31M$16,388
Itemized deductions00.0%$0Not shown
Earned income tax credit6014.3%$171K$2,850
Refundable child tax credit5011.9%$96K$1,920
Income tax after credits32076.2%$2.28M$7,138
Refunds28066.7%$777K$2,775

Frequently asked questions

What is the average income in ZIP code 50107?
For tax year 2022, the average adjusted gross income on the 420 individual tax returns filed in 50107 was $64,088, compared with $83,195 for Iowa.
How many people in 50107 get the earned income tax credit?
60 returns in 50107 (14.3%) 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