ZIP Code 53714 — Madison, WI
IRS Income Data, Tax Year 2022
About Madison, WI
State capital and education hub with technology growth. University of Wisconsin drives employment opportunities and wage growth and research. Moderate taxes and university employment opportunities and wage growth support families across neighborhoods.
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 53714.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 2,020 | $25,682,000 | $12,713 | 22.7% |
| $25,000 - $50,000 | 2,310 | $87,051,000 | $37,684 | 25.9% |
| $50,000 - $75,000 | 1,820 | $111,366,000 | $61,190 | 20.4% |
| $75,000 - $100,000 | 1,040 | $90,195,000 | $86,725 | 11.7% |
| $100,000 - $200,000 | 1,540 | $204,437,000 | $132,751 | 17.3% |
| $200,000 or more | 190 | $58,710,000 | $309,000 | 2.1% |
| Total | 8,920 | $577,441,000 | $64,735 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Rockford, IL | 60 mi | $61,024 | 82,110 |
| Milwaukee, WI | 68 mi | $64,423 | 239,400 |
| Racine, WI | 79 mi | $67,743 | 62,510 |
| Kenosha, WI | 81 mi | $66,177 | 53,930 |
| Appleton, WI | 94 mi | $86,320 | 63,610 |
| Aurora, IL | 106 mi | $60,603 | 68,870 |
Similar ZIP Codes in Wisconsin
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 54960 | Neshkoro | $64,740 | #15,839 |
| 54642 | Melrose | $64,723 | #15,860 |
| 54603 | La Crosse | $64,775 | #15,816 |
| 53964 | Westfield | $64,793 | #15,805 |
| 53548 | $64,808 | #15,795 | |
| 54950 | Marion | $64,620 | #15,915 |
| 53235 | Saint Francis | $64,908 | #15,742 |
| 53937 | Hillpoint | $64,911 | #15,741 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 53704 | Madison, WI | 1.1 mi | $84,526 | #7,472 |
| 53718 | Madison, WI | 3.2 mi | $81,105 | #8,433 |
| 53532 | De Forest, WI | 3.4 mi | $100,238 | #4,638 |
| 53716 | Monona, WI | 3.8 mi | $89,664 | #6,313 |
| 53597 | Waunakee, WI | 4.5 mi | $150,594 | #1,719 |
| 53703 | Madison, WI | 5.0 mi | $86,289 | #7,069 |
| 53715 | Madison, WI | 5.7 mi | $67,671 | #14,169 |
| 53706 | Madison, WI | 5.8 mi | $16,715 | #27,585 |
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 712 ZIP codes in Wisconsin and all U.S. ZIP codes nationally. Data reflects tax returns filed, not total population.