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ZIP Code 77554 Income and Tax Statistics
Galveston, TX. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 4,210
- 7,030 people on returns
- Average adjusted gross income
- $172,755
- Texas $93,613
- Average salaries and wages
- $115,547
- Returns with wages
- Average income tax
- $36,916
- Texas $19,415
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99990021.4%
- $25,000 to $49,99967015.9%
- $50,000 to $74,99952012.4%
- $75,000 to $99,9993608.6%
- $100,000 to $199,99995022.6%
- $200,000 or more81019.2%
Income, credits and taxes in 77554
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 | 2,990 | 71.0% | $345M | $115,547 |
| Business or professional income | 970 | 23.0% | $27.59M | $28,438 |
| Net capital gains | 1,490 | 35.4% | $61.44M | $41,237 |
| Taxable pensions and annuities | 1,290 | 30.6% | $52.55M | $40,733 |
| Taxable Social Security benefits | 1,230 | 29.2% | $29.75M | $24,189 |
| Itemized deductions | 630 | 15.0% | $26.71M | $42,400 |
| Earned income tax credit | 300 | 7.1% | $565K | $1,883 |
| Refundable child tax credit | 160 | 3.8% | $264K | $1,650 |
| Income tax after credits | 3,430 | 81.5% | $127M | $36,916 |
| Refunds | 2,420 | 57.5% | $11.33M | $4,682 |
Frequently asked questions
- What is the average income in ZIP code 77554?
- For tax year 2022, the average adjusted gross income on the 4,210 individual tax returns filed in 77554 was $172,755, compared with $93,613 for Texas.
- How many people in 77554 get the earned income tax credit?
- 300 returns in 77554 (7.1%) 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