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ZIP Code 80031 Income and Tax Statistics
Westminster, CO. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 20,000
- 33,690 people on returns
- Average adjusted gross income
- $91,238
- Colorado $102,434
- Average salaries and wages
- $78,562
- Returns with wages
- Average income tax
- $14,815
- Colorado $18,761
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9994,17020.8%
- $25,000 to $49,9994,41022.1%
- $50,000 to $74,9993,56017.8%
- $75,000 to $99,9992,34011.7%
- $100,000 to $199,9993,84019.2%
- $200,000 or more1,6808.4%
Income, credits and taxes in 80031
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 | 16,430 | 82.2% | $1.29B | $78,562 |
| Business or professional income | 3,350 | 16.8% | $51.67M | $15,422 |
| Net capital gains | 4,390 | 21.9% | $74.26M | $16,917 |
| Taxable pensions and annuities | 3,560 | 17.8% | $110M | $30,907 |
| Taxable Social Security benefits | 2,980 | 14.9% | $56.83M | $19,069 |
| Itemized deductions | 2,280 | 11.4% | $68.17M | $29,898 |
| Earned income tax credit | 1,820 | 9.1% | $3.9M | $2,140 |
| Refundable child tax credit | 1,300 | 6.5% | $2.37M | $1,825 |
| Income tax after credits | 16,070 | 80.3% | $238M | $14,815 |
| Refunds | 13,050 | 65.3% | $35.46M | $2,718 |
Frequently asked questions
- What is the average income in ZIP code 80031?
- For tax year 2022, the average adjusted gross income on the 20,000 individual tax returns filed in 80031 was $91,238, compared with $102,434 for Colorado.
- How many people in 80031 get the earned income tax credit?
- 1,820 returns in 80031 (9.1%) 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