ZIP Code 27616 — Raleigh, NC
IRS Income Data, Tax Year 2022
About Raleigh, NC
Research Triangle tech hub with above-average professional incomes from major employers. IBM, Cisco, and biotech employment opportunities and wage growth provide stability and opportunity. Housing cost growth pressures affordability across neighborhoods.
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 27616.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 8,030 | $103,123,000 | $12,842 | 28.4% |
| $25,000 - $50,000 | 6,950 | $257,011,000 | $36,980 | 24.6% |
| $50,000 - $75,000 | 4,700 | $288,783,000 | $61,443 | 16.6% |
| $75,000 - $100,000 | 2,960 | $256,058,000 | $86,506 | 10.5% |
| $100,000 - $200,000 | 4,610 | $629,295,000 | $136,506 | 16.3% |
| $200,000 or more | 1,050 | $442,102,000 | $421,049 | 3.7% |
| Total | 28,300 | $1,976,372,000 | $69,836 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Durham, NC | 18 mi | $89,589 | 116,650 |
| Fayetteville, NC | 54 mi | $58,635 | 79,980 |
| Greensboro, NC | 67 mi | $79,757 | 149,170 |
| Winston Salem, NC | 91 mi | $76,581 | 121,590 |
| Concord, NC | 112 mi | $82,114 | 62,010 |
| Wilmington, NC | 124 mi | $103,372 | 56,960 |
Similar ZIP Codes in North Carolina
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 28663 | Piney Creek | $69,843 | #13,068 |
| 28429 | Castle Hayne | $69,849 | #13,065 |
| 28694 | West Jefferson | $69,814 | #13,084 |
| 28692 | Vilas | $69,903 | #13,034 |
| 28660 | Olin | $69,951 | #13,008 |
| 27207 | Bear Creek | $69,677 | #13,149 |
| 27525 | Franklinton | $69,595 | #13,189 |
| 27501 | Angier | $70,095 | #12,938 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 27607 | Raleigh, NC | 1.1 mi | $159,002 | #1,517 |
| 27612 | Raleigh, NC | 1.3 mi | $129,022 | #2,463 |
| 27605 | Raleigh, NC | 2.3 mi | $177,940 | #1,173 |
| 27608 | Raleigh, NC | 2.4 mi | $350,839 | #258 |
| 27518 | , NC | 3.6 mi | $174,114 | #1,234 |
| 27511 | Cary, NC | 3.9 mi | $122,023 | #2,795 |
| 27526 | Fuquay Varina, NC | 4.0 mi | $98,380 | #4,871 |
| 27609 | Raleigh, NC | 4.1 mi | $167,057 | #1,343 |
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 722 ZIP codes in North Carolina and all U.S. ZIP codes nationally. Data reflects tax returns filed, not total population.