What is the average income in ZIP code 56097?

For tax year 2022, the average adjusted gross income on the 1,700 individual tax returns filed in 56097 was $63,528, compared with $93,226 for Minnesota.

How many people in 56097 get the earned income tax credit?

220 returns in 56097 (12.9%) 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.

Checked Oct 22, 2026

ZIP Code 56097 Income and Tax Statistics

Wells, MN. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns: 1,700; 3,170 people on returns
Average adjusted gross income: $63,528; Minnesota $93,226
Average salaries and wages: $48,674; Returns with wages
Average income tax: $7,909; Minnesota $16,030

Returns by adjusted gross income

Returns with negative income are not included

$1 to $24,99947027.6%
$25,000 to $49,99944025.9%
$50,000 to $74,99930017.6%
$75,000 to $99,99917010.0%
$100,000 to $199,99926015.3%
$200,000 or more603.5%

Income, credits and taxes in 56097

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	1,370	80.6%	$66.68M	$48,674
Business or professional income	240	14.1%	$3.07M	$12,804
Net capital gains	340	20.0%	$3.43M	$10,074
Taxable pensions and annuities	310	18.2%	$4.6M	$14,823
Taxable Social Security benefits	340	20.0%	$5.23M	$15,382
Itemized deductions	70	4.1%	$2.11M	$30,129
Earned income tax credit	220	12.9%	$493K	$2,241
Refundable child tax credit	200	11.8%	$399K	$1,995
Income tax after credits	1,170	68.8%	$9.25M	$7,909
Refunds	1,090	64.1%	$2.52M	$2,310

Frequently asked questions

What is the average income in ZIP code 56097?: For tax year 2022, the average adjusted gross income on the 1,700 individual tax returns filed in 56097 was $63,528, compared with $93,226 for Minnesota.
How many people in 56097 get the earned income tax credit?: 220 returns in 56097 (12.9%) 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

Data sources

Statistics of Income (ZIP code data and migration data)Internal Revenue Service

IRS counts are rounded to the nearest 10, and items reported on fewer than 20 returns in a ZIP code are left out to protect taxpayer privacy. ZIP codes with fewer than 100 returns are combined by the IRS and are not shown.

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