ZIP Code 56244 — Hancock, MN
IRS Income Data, Tax Year 2022
$94,374
Average AGI
#5,488
National Rank
#118
MN State Rank
850
Tax Returns
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 56244.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 200 | $2,271,000 | $11,355 | 23.5% |
| $25,000 - $50,000 | 200 | $7,856,000 | $39,280 | 23.5% |
| $50,000 - $75,000 | 140 | $8,559,000 | $61,135 | 16.5% |
| $75,000 - $100,000 | 80 | $6,761,000 | $84,512 | 9.4% |
| $100,000 - $200,000 | 150 | $20,548,000 | $136,986 | 17.7% |
| $200,000 or more | 80 | $34,223,000 | $427,787 | 9.4% |
| Total | 850 | $80,218,000 | $94,374 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Brooklyn Center, MN | 124 mi | $63,394 | 52,010 |
| Minneapolis, MN | 128 mi | $88,027 | 187,810 |
| Saint Paul, MN | 135 mi | $84,722 | 96,050 |
| Sioux Falls, SD | 142 mi | $81,804 | 76,110 |
| Rochester, MN | 195 mi | $95,397 | 67,880 |
| Des Moines, IA | 291 mi | $69,159 | 78,230 |
Similar ZIP Codes in Minnesota
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 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 |
| 56229 | Cottonwood | $94,210 | #5,510 |
| 56723 | Fisher | $94,115 | #5,532 |
| 56327 | Farwell | $94,112 | #5,533 |
| 55011 | Cedar East Bethe | $94,663 | #5,436 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 56267 | Morris, MN | 9.2 mi | $74,254 | #10,950 |
| 56323 | Cyrus, MN | 10.8 mi | $57,784 | #20,072 |
| 56207 | Alberta, MN | 11.7 mi | $66,975 | #14,557 |
| 56381 | Starbuck, MN | 11.9 mi | $76,378 | #10,074 |
| 56226 | Clontarf, MN | 13.4 mi | $75,590 | #10,417 |
| 56231 | Danvers, MN | 15.3 mi | $86,041 | #7,118 |
| 56215 | Benson, MN | 16.0 mi | $72,783 | #11,606 |
| 56249 | Holloway, MN | 16.4 mi | $97,576 | #4,984 |
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.