ZIP Code 56265 — Montevideo, MN
IRS Income Data, Tax Year 2022
$70,232
Average AGI
#12,883
National Rank
#511
MN State Rank
3,620
Tax Returns
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 56265.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 930 | $10,928,000 | $11,750 | 25.7% |
| $25,000 - $50,000 | 940 | $34,457,000 | $36,656 | 26.0% |
| $50,000 - $75,000 | 610 | $37,547,000 | $61,552 | 16.9% |
| $75,000 - $100,000 | 380 | $32,893,000 | $86,560 | 10.5% |
| $100,000 - $200,000 | 610 | $82,299,000 | $134,916 | 16.9% |
| $200,000 or more | 150 | $56,117,000 | $374,113 | 4.1% |
| Total | 3,620 | $254,241,000 | $70,232 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Brooklyn Center, MN | 111 mi | $63,394 | 52,010 |
| Minneapolis, MN | 114 mi | $88,027 | 187,810 |
| Sioux Falls, SD | 115 mi | $81,804 | 76,110 |
| Saint Paul, MN | 121 mi | $84,722 | 96,050 |
| Rochester, MN | 171 mi | $95,397 | 67,880 |
| Des Moines, IA | 257 mi | $69,159 | 78,230 |
Similar ZIP Codes in Minnesota
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 55423 | Richfield | $70,211 | #12,892 |
| 56574 | Perley | $70,253 | #12,867 |
| 56026 | Ellendale | $70,196 | #12,897 |
| 55049 | Medford | $70,177 | #12,905 |
| 55990 | Wykoff | $70,345 | #12,810 |
| 55008 | Cambridge | $70,353 | #12,807 |
| 55783 | Sturgeon Lake | $70,107 | #12,935 |
| 56009 | Alden | $70,101 | #12,937 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 56295 | Watson, MN | 1.5 mi | $55,713 | #21,297 |
| 56260 | Maynard, MN | 1.7 mi | $76,555 | #9,997 |
| 56222 | Clara City, MN | 11.9 mi | $74,846 | #10,689 |
| 56262 | Milan, MN | 12.4 mi | $69,181 | #13,395 |
| 56241 | Granite Falls, MN | 16.5 mi | $73,774 | #11,147 |
| 56223 | Clarkfield, MN | 18.4 mi | $84,861 | #7,386 |
| 56215 | Benson, MN | 18.8 mi | $72,783 | #11,606 |
| 56271 | Murdock, MN | 19.0 mi | $77,920 | #9,510 |
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.