ZIP Code 56118 — Bingham Lake, MN
IRS Income Data, Tax Year 2022
$85,861
Average AGI
#7,145
National Rank
#200
MN State Rank
210
Tax Returns
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 56118.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 40 | $560,000 | $14,000 | 19.1% |
| $25,000 - $50,000 | 50 | $2,035,000 | $40,700 | 23.8% |
| $50,000 - $75,000 | 30 | $1,772,000 | $59,066 | 14.3% |
| $75,000 - $100,000 | 20 | $1,727,000 | $86,350 | 9.5% |
| $100,000 - $200,000 | 70 | $11,937,000 | $170,528 | 33.3% |
| $200,000 or more | 0 | $0 | $0 | 0.0% |
| Total | 210 | $18,031,000 | $85,861 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Sioux Falls, SD | 87 mi | $81,804 | 76,110 |
| Minneapolis, MN | 115 mi | $88,027 | 187,810 |
| Brooklyn Center, MN | 118 mi | $63,394 | 52,010 |
| Saint Paul, MN | 119 mi | $84,722 | 96,050 |
| Rochester, MN | 132 mi | $95,397 | 67,880 |
| Des Moines, IA | 175 mi | $69,159 | 78,230 |
Similar ZIP Codes in Minnesota
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 55431 | Bloomington | $85,873 | #7,140 |
| 56465 | Merrifield | $85,762 | #7,171 |
| 55398 | Zimmerman | $85,752 | #7,174 |
| 56231 | Danvers | $86,041 | #7,118 |
| 55388 | Watertown | $86,041 | #7,117 |
| 55046 | Veseli | $86,100 | #7,107 |
| 56273 | New London | $85,477 | #7,236 |
| 56553 | Kent | $86,338 | #7,054 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 56101 | Wilder, MN | 0.3 mi | $66,823 | #14,654 |
| 56159 | Mountain Lake, MN | 6.9 mi | $70,462 | #12,748 |
| 56183 | Westbrook, MN | 10.7 mi | $76,403 | #10,063 |
| 56145 | Jeffers, MN | 13.2 mi | $73,056 | #11,486 |
| 56120 | Butterfield, MN | 13.8 mi | $68,584 | #13,685 |
| 56137 | Heron Lake, MN | 15.2 mi | $71,359 | #12,285 |
| 56160 | Odin, MN | 15.4 mi | $60,718 | #18,223 |
| 56111 | Alpha, MN | 16.2 mi | $83,795 | #7,669 |
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.