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ZIP Code 57348 Income and Tax Statistics
Hitchcock, SD. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 260
- 550 people on returns
- Average adjusted gross income
- $113,273
- South Dakota $88,388
- Average salaries and wages
- $50,239
- Returns with wages
- Average income tax
- $19,774
- South Dakota $14,689
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9995019.2%
- $25,000 to $49,9995019.2%
- $50,000 to $74,9994015.4%
- $75,000 to $99,999207.7%
- $100,000 to $199,9997026.9%
- $200,000 or more3011.5%
Income, credits and taxes in 57348
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 | 180 | 69.2% | $9.04M | $50,239 |
| Business or professional income | 40 | 15.4% | $185K | $4,625 |
| Net capital gains | 100 | 38.5% | $2.6M | $26,030 |
| Taxable pensions and annuities | 30 | 11.5% | $598K | $19,933 |
| Taxable Social Security benefits | 60 | 23.1% | $1.37M | $22,850 |
| 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 | 190 | 73.1% | $3.76M | $19,774 |
| Refunds | 100 | 38.5% | $225K | $2,250 |
Frequently asked questions
- What is the average income in ZIP code 57348?
- For tax year 2022, the average adjusted gross income on the 260 individual tax returns filed in 57348 was $113,273, 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