ZIP Code 32340 — Madison, FL
IRS Income Data, Tax Year 2022
$55,605
Average AGI
#21,355
National Rank
#708
FL State Rank
3,770
Tax Returns
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 32340.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 1,420 | $19,392,000 | $13,656 | 37.7% |
| $25,000 - $50,000 | 1,160 | $41,743,000 | $35,985 | 30.8% |
| $50,000 - $75,000 | 510 | $30,805,000 | $60,401 | 13.5% |
| $75,000 - $100,000 | 250 | $21,938,000 | $87,752 | 6.6% |
| $100,000 - $200,000 | 360 | $48,551,000 | $134,863 | 9.6% |
| $200,000 or more | 70 | $47,204,000 | $674,342 | 1.9% |
| Total | 3,770 | $209,633,000 | $55,605 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Tallahassee, FL | 52 mi | $77,685 | 93,950 |
| Gainesville, FL | 83 mi | $82,676 | 74,900 |
| Jacksonville, FL | 104 mi | $79,779 | 459,950 |
| Ocala, FL | 120 mi | $70,480 | 119,810 |
| Saint Augustine, FL | 127 mi | $103,309 | 69,880 |
| Spring Hill, FL | 150 mi | $58,776 | 55,930 |
Similar ZIP Codes in Florida
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 32935 | Melbourne | $55,632 | #21,341 |
| 32347 | Perry | $55,563 | #21,382 |
| 32640 | Hawthorne | $55,668 | #21,324 |
| 32180 | Pierson | $55,539 | #21,397 |
| 32348 | $55,686 | #21,310 | |
| 34452 | Inverness | $55,510 | #21,414 |
| 32301 | Tallahassee | $55,726 | #21,291 |
| 32763 | Orange City | $55,476 | #21,431 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 32059 | Lee, FL | 2.5 mi | $55,387 | #21,483 |
| 32350 | Pinetta, FL | 5.3 mi | $62,454 | #17,145 |
| 32331 | Greenville, FL | 9.6 mi | $57,192 | #20,428 |
| 32053 | Jennings, FL | 14.4 mi | $50,531 | #23,998 |
| 31601 | Clyattville, GA | 16.0 mi | $43,840 | #26,127 |
| 31636 | Lake Park, GA | 19.4 mi | $62,191 | #17,305 |
| 31643 | Quitman, GA | 21.6 mi | $56,107 | #21,080 |
| 31606 | Zcta 31606, GA | 22.4 mi | $57,896 | #19,996 |
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 917 ZIP codes in Florida and all U.S. ZIP codes nationally. Data reflects tax returns filed, not total population.