ZIP Code 56229 — Cottonwood, MN
IRS Income Data, Tax Year 2022
$94,210
Average AGI
#5,510
National Rank
#119
MN State Rank
870
Tax Returns
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 56229.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 190 | $2,192,000 | $11,536 | 21.8% |
| $25,000 - $50,000 | 170 | $6,304,000 | $37,082 | 19.5% |
| $50,000 - $75,000 | 140 | $8,431,000 | $60,221 | 16.1% |
| $75,000 - $100,000 | 100 | $8,997,000 | $89,970 | 11.5% |
| $100,000 - $200,000 | 200 | $27,643,000 | $138,215 | 23.0% |
| $200,000 or more | 70 | $28,396,000 | $405,657 | 8.1% |
| Total | 870 | $81,963,000 | $94,210 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Sioux Falls, SD | 85 mi | $81,804 | 76,110 |
| Brooklyn Center, MN | 124 mi | $63,394 | 52,010 |
| Minneapolis, MN | 124 mi | $88,027 | 187,810 |
| Saint Paul, MN | 131 mi | $84,722 | 96,050 |
| Rochester, MN | 169 mi | $95,397 | 67,880 |
| Omaha, NE | 229 mi | $91,506 | 243,900 |
Similar ZIP Codes in Minnesota
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 56723 | Fisher | $94,115 | #5,532 |
| 56327 | Farwell | $94,112 | #5,533 |
| 56244 | Hancock | $94,374 | #5,488 |
| 56728 | Hallock | $94,027 | #5,555 |
| 56071 | New Prague | $94,432 | #5,478 |
| 56713 | Argyle | $94,470 | #5,474 |
| 55009 | Cannon Falls | $94,486 | #5,472 |
| 55373 | Rockford | $94,528 | #5,461 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 56291 | Taunton, MN | 6.9 mi | $67,440 | #14,293 |
| 56258 | Marshall, MN | 7.8 mi | $74,176 | #10,982 |
| 56239 | Ghent, MN | 9.9 mi | $85,321 | #7,278 |
| 56245 | Hanley Falls, MN | 10.4 mi | $80,816 | #8,528 |
| 56297 | Wood Lake, MN | 10.7 mi | $78,402 | #9,341 |
| 56264 | Minneota, MN | 10.8 mi | $74,867 | #10,680 |
| 56263 | Milroy, MN | 14.9 mi | $86,917 | #6,918 |
| 56241 | Granite Falls, MN | 15.0 mi | $73,774 | #11,147 |
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.