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ZIP Code 88101 Income and Tax Statistics
Clovis, NM. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 19,160
- 37,830 people on returns
- Average adjusted gross income
- $54,424
- New Mexico $67,703
- Average salaries and wages
- $46,952
- Returns with wages
- Average income tax
- $6,984
- New Mexico $11,200
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9996,22032.5%
- $25,000 to $49,9995,94031.0%
- $50,000 to $74,9993,06016.0%
- $75,000 to $99,9991,6008.4%
- $100,000 to $199,9991,94010.1%
- $200,000 or more4002.1%
Income, credits and taxes in 88101
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 | 16,720 | 87.3% | $785M | $46,952 |
| Business or professional income | 2,010 | 10.5% | $18.88M | $9,395 |
| Net capital gains | 2,130 | 11.1% | $42.55M | $19,974 |
| Taxable pensions and annuities | 3,050 | 15.9% | $83.39M | $27,340 |
| Taxable Social Security benefits | 2,170 | 11.3% | $32.99M | $15,204 |
| Itemized deductions | 560 | 2.9% | $20.93M | $37,366 |
| Earned income tax credit | 4,250 | 22.2% | $11.62M | $2,733 |
| Refundable child tax credit | 3,640 | 19.0% | $7.11M | $1,954 |
| Income tax after credits | 12,420 | 64.8% | $86.74M | $6,984 |
| Refunds | 15,020 | 78.4% | $43.35M | $2,886 |
Frequently asked questions
- What is the average income in ZIP code 88101?
- For tax year 2022, the average adjusted gross income on the 19,160 individual tax returns filed in 88101 was $54,424, compared with $67,703 for New Mexico.
- How many people in 88101 get the earned income tax credit?
- 4,250 returns in 88101 (22.2%) 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