ZIP Code 56116 — Beaver Creek, MN
IRS Income Data, Tax Year 2022
$83,981
Average AGI
#7,621
National Rank
#225
MN State Rank
270
Tax Returns
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 56116.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 70 | $786,000 | $11,228 | 25.9% |
| $25,000 - $50,000 | 40 | $1,581,000 | $39,525 | 14.8% |
| $50,000 - $75,000 | 40 | $2,653,000 | $66,325 | 14.8% |
| $75,000 - $100,000 | 30 | $2,630,000 | $87,666 | 11.1% |
| $100,000 - $200,000 | 60 | $7,766,000 | $129,433 | 22.2% |
| $200,000 or more | 30 | $7,259,000 | $241,966 | 11.1% |
| Total | 270 | $22,675,000 | $83,981 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Sioux Falls, SD | 19 mi | $81,804 | 76,110 |
| Omaha, NE | 163 mi | $91,506 | 243,900 |
| Minneapolis, MN | 179 mi | $88,027 | 187,810 |
| Brooklyn Center, MN | 181 mi | $63,394 | 52,010 |
| Saint Paul, MN | 185 mi | $84,722 | 96,050 |
| Lincoln, NE | 193 mi | $84,076 | 140,180 |
Similar ZIP Codes in Minnesota
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 55413 | Minneapolis | $84,078 | #7,592 |
| 55812 | Duluth | $83,854 | #7,656 |
| 56257 | Marietta | $84,110 | #7,577 |
| 56003 | North Mankato | $84,144 | #7,566 |
| 56162 | Ormsby | $83,815 | #7,664 |
| 56111 | Alpha | $83,795 | #7,669 |
| 56576 | Richville | $84,272 | #7,531 |
| 55991 | Hammond | $84,281 | #7,529 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 56138 | Hills, MN | 6.0 mi | $69,082 | #13,445 |
| 56173 | Steen, MN | 7.1 mi | $76,981 | #9,852 |
| 57068 | Valley Springs, SD | 8.3 mi | $107,108 | #3,897 |
| 56156 | Luverne, MN | 11.7 mi | $82,244 | #8,112 |
| 51241 | Larchwood, IA | 13.9 mi | $88,575 | #6,548 |
| 57110 | Zcta 57110, SD | 14.1 mi | $112,218 | #3,431 |
| 57103 | Sioux Falls, SD | 14.4 mi | $81,787 | #8,247 |
| 56158 | Magnolia, MN | 14.6 mi | $77,738 | #9,579 |
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.