ZIP Code 56240 — Graceville, MN
IRS Income Data, Tax Year 2022
$75,778
Average AGI
#10,331
National Rank
#364
MN State Rank
460
Tax Returns
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 56240.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 130 | $1,714,000 | $13,184 | 28.3% |
| $25,000 - $50,000 | 100 | $3,543,000 | $35,430 | 21.7% |
| $50,000 - $75,000 | 70 | $4,071,000 | $58,157 | 15.2% |
| $75,000 - $100,000 | 40 | $3,214,000 | $80,350 | 8.7% |
| $100,000 - $200,000 | 90 | $12,357,000 | $137,300 | 19.6% |
| $200,000 or more | 30 | $9,959,000 | $331,966 | 6.5% |
| Total | 460 | $34,858,000 | $75,778 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Sioux Falls, SD | 136 mi | $81,804 | 76,110 |
| Brooklyn Center, MN | 155 mi | $63,394 | 52,010 |
| Minneapolis, MN | 159 mi | $88,027 | 187,810 |
| Saint Paul, MN | 166 mi | $84,722 | 96,050 |
| Rochester, MN | 223 mi | $95,397 | 67,880 |
| Omaha, NE | 295 mi | $91,506 | 243,900 |
Similar ZIP Codes in Minnesota
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 55936 | Grand Meadow | $75,773 | #10,333 |
| 55924 | Claremont | $75,770 | #10,334 |
| 56136 | Hendricks | $75,728 | #10,357 |
| 56088 | Truman | $75,832 | #10,311 |
| 55919 | Brownsville | $75,877 | #10,298 |
| 56296 | Wheaton | $75,966 | #10,253 |
| 56226 | Clontarf | $75,590 | #10,417 |
| 56319 | Carlos | $75,558 | #10,424 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 56225 | Clinton, MN | 4.2 mi | $68,336 | #13,799 |
| 56211 | Beardsley, MN | 9.8 mi | $87,550 | #6,781 |
| 56276 | Odessa, MN | 9.8 mi | $62,261 | #17,260 |
| 56278 | Ortonville, MN | 10.7 mi | $68,842 | #13,560 |
| 56221 | Chokio, MN | 13.4 mi | $72,420 | #11,770 |
| 56236 | Dumont, MN | 13.6 mi | $109,376 | #3,667 |
| 56296 | Wheaton, MN | 15.6 mi | $75,966 | #10,253 |
| 56219 | Browns Valley, MN | 19.7 mi | $61,676 | #17,604 |
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.