ZIP Code 55975 — Spring Valley, MN
IRS Income Data, Tax Year 2022
$78,605
Average AGI
#9,272
National Rank
#306
MN State Rank
2,080
Tax Returns
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 55975.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 530 | $6,581,000 | $12,416 | 25.5% |
| $25,000 - $50,000 | 490 | $18,226,000 | $37,195 | 23.6% |
| $50,000 - $75,000 | 350 | $21,366,000 | $61,045 | 16.8% |
| $75,000 - $100,000 | 220 | $19,368,000 | $88,036 | 10.6% |
| $100,000 - $200,000 | 400 | $52,473,000 | $131,182 | 19.2% |
| $200,000 or more | 90 | $45,485,000 | $505,388 | 4.3% |
| Total | 2,080 | $163,499,000 | $78,605 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Rochester, MN | 24 mi | $95,397 | 67,880 |
| Saint Paul, MN | 96 mi | $84,722 | 96,050 |
| Minneapolis, MN | 100 mi | $88,027 | 187,810 |
| Brooklyn Center, MN | 107 mi | $63,394 | 52,010 |
| Cedar Rapids, IA | 122 mi | $81,017 | 67,890 |
| Madison, WI | 153 mi | $98,052 | 126,460 |
Similar ZIP Codes in Minnesota
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 56501 | Detroit Lakes | $78,543 | #9,292 |
| 55041 | Lake City | $78,518 | #9,303 |
| 55973 | Sargeant | $78,723 | #9,235 |
| 55929 | Dover | $78,769 | #9,219 |
| 56052 | Kilkenny | $78,432 | #9,330 |
| 56139 | Holland | $78,790 | #9,210 |
| 56297 | Wood Lake | $78,402 | #9,341 |
| 56214 | Belview | $78,358 | #9,358 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 55990 | Wykoff, MN | 5.0 mi | $70,345 | #12,810 |
| 55967 | Racine, MN | 9.9 mi | $83,459 | #7,764 |
| 55936 | Grand Meadow, MN | 10.6 mi | $75,773 | #10,333 |
| 55923 | Chatfield, MN | 10.8 mi | $83,070 | #7,868 |
| 55965 | Preston, MN | 12.0 mi | $71,768 | #12,069 |
| 55961 | Ostrander, MN | 12.4 mi | $66,319 | #14,937 |
| 55935 | Fountain, MN | 13.2 mi | $76,952 | #9,863 |
| 55951 | Le Roy, MN | 14.0 mi | $68,819 | #13,571 |
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.