ZIP Code 56031 — Fairmont, MN
IRS Income Data, Tax Year 2022
$71,332
Average AGI
#12,294
National Rank
#477
MN State Rank
5,890
Tax Returns
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 56031.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 1,810 | $20,565,000 | $11,361 | 30.7% |
| $25,000 - $50,000 | 1,440 | $53,253,000 | $36,981 | 24.5% |
| $50,000 - $75,000 | 870 | $53,258,000 | $61,216 | 14.8% |
| $75,000 - $100,000 | 570 | $49,913,000 | $87,566 | 9.7% |
| $100,000 - $200,000 | 900 | $120,090,000 | $133,433 | 15.3% |
| $200,000 or more | 300 | $123,070,000 | $410,233 | 5.1% |
| Total | 5,890 | $420,149,000 | $71,332 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Rochester, MN | 108 mi | $95,397 | 67,880 |
| Minneapolis, MN | 109 mi | $88,027 | 187,810 |
| Sioux Falls, SD | 111 mi | $81,804 | 76,110 |
| Saint Paul, MN | 111 mi | $84,722 | 96,050 |
| Brooklyn Center, MN | 113 mi | $63,394 | 52,010 |
| Des Moines, IA | 151 mi | $69,159 | 78,230 |
Similar ZIP Codes in Minnesota
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 55985 | West Concord | $71,354 | #12,287 |
| 56385 | Villard | $71,310 | #12,304 |
| 56137 | Heron Lake | $71,359 | #12,285 |
| 55949 | Lanesboro | $71,364 | #12,281 |
| 56251 | Kandiyohi | $71,444 | #12,242 |
| 56065 | Mapleton | $71,212 | #12,364 |
| 55606 | Hovland | $71,470 | #12,226 |
| 55760 | Mc Gregor | $71,481 | #12,220 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 56127 | Dunnell, MN | 2.0 mi | $59,858 | #18,746 |
| 56039 | Granada, MN | 3.6 mi | $68,087 | #13,937 |
| 56121 | Ceylon, MN | 7.8 mi | $65,350 | #15,475 |
| 56181 | Welcome, MN | 8.1 mi | $66,583 | #14,783 |
| 56088 | Truman, MN | 8.9 mi | $75,832 | #10,311 |
| 56171 | Sherburn, MN | 12.4 mi | $72,539 | #11,724 |
| 56176 | Trimont, MN | 12.6 mi | $79,894 | #8,829 |
| 56162 | Ormsby, MN | 13.0 mi | $83,815 | #7,664 |
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.