ZIP Code 56425 — Baxter, MN
IRS Income Data, Tax Year 2022
$74,258
Average AGI
#10,946
National Rank
#397
MN State Rank
4,400
Tax Returns
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 56425.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 1,210 | $13,875,000 | $11,466 | 27.5% |
| $25,000 - $50,000 | 980 | $36,729,000 | $37,478 | 22.3% |
| $50,000 - $75,000 | 670 | $41,569,000 | $62,043 | 15.2% |
| $75,000 - $100,000 | 440 | $38,218,000 | $86,859 | 10.0% |
| $100,000 - $200,000 | 890 | $119,673,000 | $134,464 | 20.2% |
| $200,000 or more | 210 | $76,673,000 | $365,109 | 4.8% |
| Total | 4,400 | $326,737,000 | $74,258 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Brooklyn Center, MN | 100 mi | $63,394 | 52,010 |
| Minneapolis, MN | 106 mi | $88,027 | 187,810 |
| Saint Paul, MN | 111 mi | $84,722 | 96,050 |
| Rochester, MN | 184 mi | $95,397 | 67,880 |
| Sioux Falls, SD | 231 mi | $81,804 | 76,110 |
| Appleton, WI | 314 mi | $86,320 | 63,610 |
Similar ZIP Codes in Minnesota
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 56267 | Morris | $74,254 | #10,950 |
| 56517 | Beltrami | $74,253 | #10,952 |
| 55355 | Litchfield | $74,310 | #10,925 |
| 55718 | Carlton | $74,320 | #10,921 |
| 56258 | Marshall | $74,176 | #10,982 |
| 55104 | Saint Paul | $74,152 | #10,994 |
| 56318 | Burtrum | $74,400 | #10,897 |
| 56042 | Hartland | $74,054 | #11,035 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 56468 | Lake Shore, MN | 2.7 mi | $141,667 | #1,986 |
| 56401 | East Gull Lake, MN | 4.9 mi | $68,860 | #13,555 |
| 56465 | Merrifield, MN | 11.8 mi | $85,762 | #7,171 |
| 56449 | Fort Ripley, MN | 12.2 mi | $74,588 | #10,810 |
| 56455 | Ironton, MN | 12.6 mi | $65,677 | #15,281 |
| 56444 | Deerwood, MN | 15.7 mi | $87,669 | #6,757 |
| 56450 | Garrison, MN | 16.3 mi | $62,918 | #16,874 |
| 56472 | Pequot Lakes, MN | 16.9 mi | $80,882 | #8,504 |
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.