ZIP Code 42040 — Farmington, KY
IRS Income Data, Tax Year 2022
$60,167
Average AGI
#18,562
National Rank
#222
KY State Rank
490
Tax Returns
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 42040.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 170 | $2,307,000 | $13,570 | 34.7% |
| $25,000 - $50,000 | 120 | $4,512,000 | $37,600 | 24.5% |
| $50,000 - $75,000 | 60 | $3,747,000 | $62,450 | 12.2% |
| $75,000 - $100,000 | 40 | $3,362,000 | $84,050 | 8.2% |
| $100,000 - $200,000 | 100 | $15,554,000 | $155,540 | 20.4% |
| $200,000 or more | 0 | $0 | $0 | 0.0% |
| Total | 490 | $29,482,000 | $60,167 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Clarksville, TN | 66 mi | $63,017 | 93,830 |
| Nashville, TN | 101 mi | $129,198 | 210,340 |
| Evansville, IN | 110 mi | $61,857 | 77,320 |
| Murfreesboro, TN | 128 mi | $78,465 | 56,840 |
| Memphis, TN | 130 mi | $66,727 | 265,050 |
| Huntsville, AL | 169 mi | $87,067 | 96,740 |
Similar ZIP Codes in Kentucky
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 40050 | New Castle | $60,176 | #18,558 |
| 42411 | Fredonia | $60,198 | #18,546 |
| 41168 | Rush | $60,205 | #18,544 |
| 40037 | Loretto | $60,097 | #18,600 |
| 41740 | Bearville | $60,369 | #18,440 |
| 42167 | T Ville | $59,936 | #18,692 |
| 41751 | Jeff | $59,916 | #18,709 |
| 42361 | Olaton | $59,878 | #18,734 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 42079 | Sedalia, KY | 3.9 mi | $53,117 | #22,775 |
| 42054 | Kirksey, KY | 8.7 mi | $71,983 | #11,958 |
| 42066 | Mayfield, KY | 10.9 mi | $61,228 | #17,886 |
| 42049 | Hazel, KY | 11.0 mi | $50,032 | #24,223 |
| 42088 | Wingo, KY | 11.5 mi | $53,931 | #22,319 |
| 42071 | Murray, KY | 13.4 mi | $65,874 | #15,171 |
| 42085 | Water Valley, KY | 13.6 mi | $49,158 | #24,591 |
| 38224 | Cottage Grove, TN | 14.0 mi | $59,046 | #19,234 |
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 647 ZIP codes in Kentucky and all U.S. ZIP codes nationally. Data reflects tax returns filed, not total population.