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ZIP Code 56381 Income and Tax Statistics
Starbuck, MN. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 1,260
- 2,360 people on returns
- Average adjusted gross income
- $76,379
- Minnesota $93,226
- Average salaries and wages
- $57,664
- Returns with wages
- Average income tax
- $10,643
- Minnesota $16,030
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99931024.6%
- $25,000 to $49,99930023.8%
- $50,000 to $74,99920015.9%
- $75,000 to $99,99916012.7%
- $100,000 to $199,99922017.5%
- $200,000 or more705.6%
Income, credits and taxes in 56381
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 | 1,010 | 80.2% | $58.24M | $57,664 |
| Business or professional income | 180 | 14.3% | $2.55M | $14,144 |
| Net capital gains | 260 | 20.6% | $3.77M | $14,512 |
| Taxable pensions and annuities | 290 | 23.0% | $6.79M | $23,421 |
| Taxable Social Security benefits | 310 | 24.6% | $5.21M | $16,816 |
| Itemized deductions | 50 | 4.0% | $1.7M | $33,920 |
| Earned income tax credit | 150 | 11.9% | $295K | $1,967 |
| Refundable child tax credit | 100 | 7.9% | $219K | $2,190 |
| Income tax after credits | 940 | 74.6% | $10M | $10,643 |
| Refunds | 790 | 62.7% | $2.19M | $2,778 |
Frequently asked questions
- What is the average income in ZIP code 56381?
- For tax year 2022, the average adjusted gross income on the 1,260 individual tax returns filed in 56381 was $76,379, compared with $93,226 for Minnesota.
- How many people in 56381 get the earned income tax credit?
- 150 returns in 56381 (11.9%) 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