ZIP Code 56158 — Magnolia, MN
IRS Income Data, Tax Year 2022
$77,738
Average AGI
#9,579
National Rank
#327
MN State Rank
180
Tax Returns
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 56158.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 50 | $647,000 | $12,940 | 27.8% |
| $25,000 - $50,000 | 50 | $1,736,000 | $34,720 | 27.8% |
| $50,000 - $75,000 | 40 | $2,733,000 | $68,325 | 22.2% |
| $75,000 - $100,000 | 0 | $0 | $0 | 0.0% |
| $100,000 - $200,000 | 40 | $8,877,000 | $221,925 | 22.2% |
| $200,000 or more | 0 | $0 | $0 | 0.0% |
| Total | 180 | $13,993,000 | $77,738 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Sioux Falls, SD | 33 mi | $81,804 | 76,110 |
| Omaha, NE | 165 mi | $91,506 | 243,900 |
| Minneapolis, MN | 166 mi | $88,027 | 187,810 |
| Brooklyn Center, MN | 168 mi | $63,394 | 52,010 |
| Saint Paul, MN | 171 mi | $84,722 | 96,050 |
| Rochester, MN | 185 mi | $95,397 | 67,880 |
Similar ZIP Codes in Minnesota
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 55940 | Hayfield | $77,745 | #9,576 |
| 55944 | Kasson | $77,701 | #9,599 |
| 55314 | Buffalo Lake | $77,686 | #9,610 |
| 55397 | Young America | $77,677 | #9,614 |
| 55443 | Brooklyn Center | $77,667 | #9,616 |
| 55901 | Rochester | $77,827 | #9,546 |
| 56573 | Perham | $77,865 | #9,531 |
| 55976 | Stewartville | $77,899 | #9,520 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 56156 | Luverne, MN | 5.7 mi | $82,244 | #8,112 |
| 56110 | Adrian, MN | 6.4 mi | $84,578 | #7,458 |
| 56155 | Lismore, MN | 7.2 mi | $92,889 | #5,723 |
| 56129 | , MN | 8.8 mi | $76,726 | #9,937 |
| 56173 | Steen, MN | 9.0 mi | $76,981 | #9,852 |
| 56134 | Hardwick, MN | 13.5 mi | $72,622 | #11,681 |
| 56168 | Rushmore, MN | 13.7 mi | $71,677 | #12,126 |
| 56116 | Beaver Creek, MN | 14.6 mi | $83,981 | #7,621 |
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.