Checked
ZIP Code 79761 Income and Tax Statistics
Odessa, TX. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 12,300
- 24,300 people on returns
- Average adjusted gross income
- $61,578
- Texas $93,613
- Average salaries and wages
- $56,445
- Returns with wages
- Average income tax
- $8,903
- Texas $19,415
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9993,81031.0%
- $25,000 to $49,9993,19025.9%
- $50,000 to $74,9992,03016.5%
- $75,000 to $99,9991,27010.3%
- $100,000 to $199,9991,67013.6%
- $200,000 or more3302.7%
Income, credits and taxes in 79761
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 | 10,670 | 86.7% | $602M | $56,445 |
| Business or professional income | 2,560 | 20.8% | $25.1M | $9,805 |
| Net capital gains | 800 | 6.5% | $10.41M | $13,016 |
| Taxable pensions and annuities | 1,520 | 12.4% | $32.77M | $21,561 |
| Taxable Social Security benefits | 1,070 | 8.7% | $17.08M | $15,959 |
| Itemized deductions | 430 | 3.5% | $16.99M | $39,500 |
| Earned income tax credit | 2,950 | 24.0% | $8.26M | $2,801 |
| Refundable child tax credit | 2,290 | 18.6% | $4.33M | $1,891 |
| Income tax after credits | 8,170 | 66.4% | $72.74M | $8,903 |
| Refunds | 9,670 | 78.6% | $33.64M | $3,479 |
Frequently asked questions
- What is the average income in ZIP code 79761?
- For tax year 2022, the average adjusted gross income on the 12,300 individual tax returns filed in 79761 was $61,578, compared with $93,613 for Texas.
- How many people in 79761 get the earned income tax credit?
- 2,950 returns in 79761 (24.0%) 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