ZIP Code 55049 — Medford, MN
IRS Income Data, Tax Year 2022
$70,177
Average AGI
#12,905
National Rank
#514
MN State Rank
1,340
Tax Returns
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 55049.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 320 | $3,811,000 | $11,909 | 23.9% |
| $25,000 - $50,000 | 320 | $12,157,000 | $37,990 | 23.9% |
| $50,000 - $75,000 | 230 | $14,268,000 | $62,034 | 17.2% |
| $75,000 - $100,000 | 150 | $12,975,000 | $86,500 | 11.2% |
| $100,000 - $200,000 | 270 | $36,697,000 | $135,914 | 20.2% |
| $200,000 or more | 50 | $14,130,000 | $282,600 | 3.7% |
| Total | 1,340 | $94,038,000 | $70,177 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Rochester, MN | 43 mi | $95,397 | 67,880 |
| Saint Paul, MN | 55 mi | $84,722 | 96,050 |
| Minneapolis, MN | 56 mi | $88,027 | 187,810 |
| Brooklyn Center, MN | 63 mi | $63,394 | 52,010 |
| Cedar Rapids, IA | 170 mi | $81,017 | 67,890 |
| Sioux Falls, SD | 178 mi | $81,804 | 76,110 |
Similar ZIP Codes in Minnesota
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 56026 | Ellendale | $70,196 | #12,897 |
| 55423 | Richfield | $70,211 | #12,892 |
| 56265 | Montevideo | $70,232 | #12,883 |
| 55783 | Sturgeon Lake | $70,107 | #12,935 |
| 56009 | Alden | $70,101 | #12,937 |
| 56574 | Perley | $70,253 | #12,867 |
| 55742 | Goodland | $70,092 | #12,941 |
| 55943 | Houston | $70,054 | #12,960 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 55060 | Owatonna, MN | 7.9 mi | $73,317 | #11,371 |
| 55087 | Warsaw, MN | 9.3 mi | $57,811 | #20,053 |
| 55917 | Blooming Prairie, MN | 11.5 mi | $79,356 | #9,014 |
| 55053 | Nerstrand, MN | 11.5 mi | $89,054 | #6,431 |
| 55052 | Morristown, MN | 12.6 mi | $71,858 | #12,023 |
| 55021 | Faribault, MN | 14.0 mi | $75,527 | #10,437 |
| 55057 | Northfield, MN | 15.0 mi | $90,354 | #6,187 |
| 55924 | Claremont, MN | 15.6 mi | $75,770 | #10,334 |
About This Data
Income data is based on IRS Statistics of Income (SOI) ZIP code data for Tax Year 2022. AGI (Adjusted Gross Income) represents gross income minus certain deductions. Rankings are calculated across 788 ZIP codes in Minnesota and all U.S. ZIP codes nationally. Data reflects tax returns filed, not total population.