ZIP Code 55368 — Norwood, MN
IRS Income Data, Tax Year 2022
$75,254
Average AGI
#10,537
National Rank
#373
MN State Rank
1,180
Tax Returns
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 55368.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 310 | $3,352,000 | $10,812 | 26.3% |
| $25,000 - $50,000 | 250 | $9,594,000 | $38,376 | 21.2% |
| $50,000 - $75,000 | 210 | $12,885,000 | $61,357 | 17.8% |
| $75,000 - $100,000 | 130 | $11,183,000 | $86,023 | 11.0% |
| $100,000 - $200,000 | 220 | $30,128,000 | $136,945 | 18.6% |
| $200,000 or more | 60 | $21,658,000 | $360,966 | 5.1% |
| Total | 1,180 | $88,800,000 | $75,254 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Minneapolis, MN | 35 mi | $88,027 | 187,810 |
| Brooklyn Center, MN | 36 mi | $63,394 | 52,010 |
| Saint Paul, MN | 40 mi | $84,722 | 96,050 |
| Rochester, MN | 88 mi | $95,397 | 67,880 |
| Sioux Falls, SD | 162 mi | $81,804 | 76,110 |
| Des Moines, IA | 218 mi | $69,159 | 78,230 |
Similar ZIP Codes in Minnesota
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 56170 | Florence | $75,216 | #10,550 |
| 56522 | Doran | $75,173 | #10,570 |
| 56572 | Pelican Rapids | $75,146 | #10,577 |
| 55385 | Stewart | $75,125 | #10,584 |
| 56662 | Outing | $75,106 | #10,593 |
| 55723 | Cook | $75,501 | #10,453 |
| 56520 | Breckenridge | $74,994 | #10,628 |
| 55021 | Faribault | $75,527 | #10,437 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 55397 | Young America, MN | 4.4 mi | $77,677 | #9,614 |
| 55339 | Hamburg, MN | 4.4 mi | $83,070 | #7,867 |
| 55322 | Cologne, MN | 5.9 mi | $97,341 | #5,027 |
| 55315 | Carver, MN | 9.8 mi | $125,894 | #2,604 |
| 55370 | Plato, MN | 10.2 mi | $76,971 | #9,857 |
| 55387 | Waconia, MN | 10.5 mi | $120,942 | #2,867 |
| 55338 | Green Isle, MN | 10.5 mi | $73,207 | #11,420 |
| 56011 | Belle Plaine, MN | 11.4 mi | $83,363 | #7,788 |
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.