ZIP Code 56063 — Madison Lake, MN
IRS Income Data, Tax Year 2022
$126,700
Average AGI
#2,571
National Rank
#41
MN State Rank
1,610
Tax Returns
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 56063.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 320 | $3,661,000 | $11,440 | 19.9% |
| $25,000 - $50,000 | 270 | $10,338,000 | $38,288 | 16.8% |
| $50,000 - $75,000 | 250 | $15,432,000 | $61,728 | 15.5% |
| $75,000 - $100,000 | 170 | $15,080,000 | $88,705 | 10.6% |
| $100,000 - $200,000 | 390 | $55,279,000 | $141,741 | 24.2% |
| $200,000 or more | 210 | $104,198,000 | $496,180 | 13.0% |
| Total | 1,610 | $203,988,000 | $126,700 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Minneapolis, MN | 68 mi | $88,027 | 187,810 |
| Saint Paul, MN | 70 mi | $84,722 | 96,050 |
| Rochester, MN | 72 mi | $95,397 | 67,880 |
| Brooklyn Center, MN | 73 mi | $63,394 | 52,010 |
| Sioux Falls, SD | 147 mi | $81,804 | 76,110 |
| Des Moines, IA | 173 mi | $69,159 | 78,230 |
Similar ZIP Codes in Minnesota
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 55110 | White Bear Lake | $126,007 | #2,597 |
| 55315 | Carver | $125,894 | #2,604 |
| 55123 | Eagan | $127,870 | #2,505 |
| 55327 | Dayton | $125,449 | #2,638 |
| 55341 | Hanover | $125,128 | #2,655 |
| 55003 | Bayport | $125,097 | #2,656 |
| 55416 | Saint Louis Park | $128,602 | #2,482 |
| 55346 | Eden Prairie | $123,415 | #2,733 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 56024 | Eagle Lake, MN | 5.6 mi | $72,940 | #11,532 |
| 56078 | Pemberton, MN | 6.6 mi | $68,227 | #13,864 |
| 56001 | Mankato, MN | 7.2 mi | $69,882 | #13,048 |
| 56065 | Mapleton, MN | 11.8 mi | $71,212 | #12,364 |
| 56028 | Elysian, MN | 12.0 mi | $106,657 | #3,949 |
| 56037 | Good Thunder, MN | 13.0 mi | $80,088 | #8,762 |
| 56050 | Kasota, MN | 13.5 mi | $89,462 | #6,352 |
| 56048 | Janesville, MN | 13.8 mi | $71,881 | #12,013 |
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.