ZIP Code 56115 — Balaton, MN
IRS Income Data, Tax Year 2022
$73,646
Average AGI
#11,219
National Rank
#412
MN State Rank
650
Tax Returns
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 56115.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 160 | $1,965,000 | $12,281 | 24.6% |
| $25,000 - $50,000 | 140 | $5,269,000 | $37,635 | 21.5% |
| $50,000 - $75,000 | 110 | $6,851,000 | $62,281 | 16.9% |
| $75,000 - $100,000 | 70 | $6,090,000 | $87,000 | 10.8% |
| $100,000 - $200,000 | 140 | $18,260,000 | $130,428 | 21.5% |
| $200,000 or more | 30 | $9,435,000 | $314,500 | 4.6% |
| Total | 650 | $47,870,000 | $73,646 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Sioux Falls, SD | 64 mi | $81,804 | 76,110 |
| Minneapolis, MN | 138 mi | $88,027 | 187,810 |
| Brooklyn Center, MN | 138 mi | $63,394 | 52,010 |
| Saint Paul, MN | 144 mi | $84,722 | 96,050 |
| Rochester, MN | 174 mi | $95,397 | 67,880 |
| Omaha, NE | 207 mi | $91,506 | 243,900 |
Similar ZIP Codes in Minnesota
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 56751 | Pencer | $73,652 | #11,213 |
| 55972 | Saint Charles | $73,662 | #11,205 |
| 55336 | Glencoe | $73,671 | #11,199 |
| 55040 | Isanti | $73,677 | #11,194 |
| 56738 | Newfolden | $73,681 | #11,192 |
| 56552 | Hitterdal | $73,590 | #11,245 |
| 56149 | Lake Benton | $73,557 | #11,262 |
| 55703 | Angora | $73,526 | #11,276 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 56132 | Garvin, MN | 3.3 mi | $88,128 | #6,642 |
| 56175 | Tracy, MN | 6.1 mi | $69,024 | #13,473 |
| 56169 | Russell, MN | 6.7 mi | $71,800 | #12,051 |
| 56157 | Lynd, MN | 9.9 mi | $110,917 | #3,533 |
| 56178 | Tyler, MN | 12.5 mi | $83,246 | #7,822 |
| 56258 | Marshall, MN | 14.7 mi | $74,176 | #10,982 |
| 56239 | Ghent, MN | 15.5 mi | $85,321 | #7,278 |
| 56123 | Currie, MN | 17.4 mi | $86,768 | #6,952 |
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.