ZIP Code 55750 — Hoyt Lakes, MN
IRS Income Data, Tax Year 2022
$56,085
Average AGI
#21,091
National Rank
#745
MN State Rank
950
Tax Returns
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 55750.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 300 | $3,963,000 | $13,210 | 31.6% |
| $25,000 - $50,000 | 240 | $8,694,000 | $36,225 | 25.3% |
| $50,000 - $75,000 | 150 | $9,205,000 | $61,366 | 15.8% |
| $75,000 - $100,000 | 90 | $7,621,000 | $84,677 | 9.5% |
| $100,000 - $200,000 | 170 | $23,798,000 | $139,988 | 17.9% |
| $200,000 or more | 0 | $0 | $0 | 0.0% |
| Total | 950 | $53,281,000 | $56,085 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Brooklyn Center, MN | 178 mi | $63,394 | 52,010 |
| Saint Paul, MN | 183 mi | $84,722 | 96,050 |
| Minneapolis, MN | 184 mi | $88,027 | 187,810 |
| Rochester, MN | 240 mi | $95,397 | 67,880 |
| Appleton, WI | 283 mi | $86,320 | 63,610 |
| Green Bay, WI | 286 mi | $87,144 | 53,620 |
Similar ZIP Codes in Minnesota
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 56347 | Little Sauk | $56,093 | #21,089 |
| 55748 | Hill City | $56,055 | #21,103 |
| 55756 | Kerrick | $56,219 | #21,009 |
| 56630 | Blackduck | $56,220 | #21,008 |
| 56350 | Mc Grath | $56,266 | #20,976 |
| 55757 | Kettle River | $55,902 | #21,192 |
| 56479 | Staples | $55,844 | #21,225 |
| 56295 | Watson | $55,713 | #21,297 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 55705 | Aurora, MN | 9.0 mi | $63,919 | #16,318 |
| 55732 | Embarrass, MN | 12.0 mi | $63,618 | #16,493 |
| 55741 | Gilbert, MN | 12.5 mi | $71,773 | #12,064 |
| 55719 | Chisholm, MN | 15.9 mi | $59,463 | #18,976 |
| 55763 | Makinen, MN | 17.1 mi | $69,896 | #13,037 |
| 55706 | Babbitt, MN | 17.9 mi | $57,214 | #20,411 |
| 55734 | Eveleth, MN | 17.9 mi | $70,786 | #12,589 |
| 55602 | Brimson, MN | 18.0 mi | $54,350 | #22,085 |
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.