ZIP Code 55089 — Welch, MN
IRS Income Data, Tax Year 2022
$109,961
Average AGI
#3,612
National Rank
#68
MN State Rank
970
Tax Returns
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 55089.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 190 | $2,164,000 | $11,389 | 19.6% |
| $25,000 - $50,000 | 140 | $5,261,000 | $37,578 | 14.4% |
| $50,000 - $75,000 | 110 | $6,532,000 | $59,381 | 11.3% |
| $75,000 - $100,000 | 100 | $8,603,000 | $86,030 | 10.3% |
| $100,000 - $200,000 | 310 | $45,376,000 | $146,374 | 32.0% |
| $200,000 or more | 120 | $38,727,000 | $322,725 | 12.4% |
| Total | 970 | $106,663,000 | $109,961 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Saint Paul, MN | 33 mi | $84,722 | 96,050 |
| Minneapolis, MN | 39 mi | $88,027 | 187,810 |
| Rochester, MN | 40 mi | $95,397 | 67,880 |
| Brooklyn Center, MN | 46 mi | $63,394 | 52,010 |
| Cedar Rapids, IA | 186 mi | $81,017 | 67,890 |
| Madison, WI | 195 mi | $98,052 | 126,460 |
Similar ZIP Codes in Minnesota
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 55376 | Saint Michael | $109,940 | #3,616 |
| 55020 | Elko | $109,621 | #3,649 |
| 56236 | Dumont | $109,376 | #3,667 |
| 55304 | Ham Lake | $109,280 | #3,678 |
| 56157 | Lynd | $110,917 | #3,533 |
| 55320 | Clearwater | $108,041 | #3,806 |
| 55125 | Woodbury | $107,552 | #3,858 |
| 55960 | Oronoco | $112,400 | #3,420 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 54014 | Hager City, WI | 8.5 mi | $100,818 | #4,562 |
| 55066 | Red Wing, MN | 9.0 mi | $78,006 | #9,485 |
| 55009 | Cannon Falls, MN | 11.0 mi | $94,486 | #5,472 |
| 55027 | Goodhue, MN | 11.1 mi | $86,469 | #7,026 |
| 54021 | Prescott, WI | 12.3 mi | $99,907 | #4,679 |
| 55031 | Hampton, MN | 12.5 mi | $92,611 | #5,776 |
| 54011 | Ellsworth, WI | 13.7 mi | $79,231 | #9,058 |
| 54723 | Bay City, WI | 13.8 mi | $84,181 | #7,559 |
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.