Checked
ZIP Code 57335 Income and Tax Statistics
Fairfax, SD. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 120
- 240 people on returns
- Average adjusted gross income
- $55,042
- South Dakota $88,388
- Average salaries and wages
- $47,543
- Returns with wages
- Average income tax
- $5,729
- South Dakota $14,689
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9993025.0%
- $25,000 to $49,9993025.0%
- $50,000 to $74,9994033.3%
- $75,000 to $99,99900.0%
- $100,000 to $199,9992016.7%
- $200,000 or more00.0%
Income, credits and taxes in 57335
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 | 70 | 58.3% | $3.33M | $47,543 |
| Business or professional income | 20 | 16.7% | $94K | $4,700 |
| Net capital gains | 40 | 33.3% | $365K | $9,125 |
| Taxable pensions and annuities | 30 | 25.0% | $536K | $17,867 |
| Taxable Social Security benefits | 30 | 25.0% | $455K | $15,167 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 0 | 0.0% | $0 | Not shown |
| Refundable child tax credit | 0 | 0.0% | $0 | Not shown |
| Income tax after credits | 70 | 58.3% | $401K | $5,729 |
| Refunds | 50 | 41.7% | $119K | $2,380 |
Frequently asked questions
- What is the average income in ZIP code 57335?
- For tax year 2022, the average adjusted gross income on the 120 individual tax returns filed in 57335 was $55,042, compared with $88,388 for South Dakota.
- 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