ZIP Code 56295 — Watson, MN
IRS Income Data, Tax Year 2022
$55,713
Average AGI
#21,297
National Rank
#749
MN State Rank
150
Tax Returns
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 56295.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 50 | $578,000 | $11,560 | 33.3% |
| $25,000 - $50,000 | 40 | $1,550,000 | $38,750 | 26.7% |
| $50,000 - $75,000 | 30 | $1,965,000 | $65,500 | 20.0% |
| $75,000 - $100,000 | 0 | $0 | $0 | 0.0% |
| $100,000 - $200,000 | 30 | $4,264,000 | $142,133 | 20.0% |
| $200,000 or more | 0 | $0 | $0 | 0.0% |
| Total | 150 | $8,357,000 | $55,713 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Brooklyn Center, MN | 113 mi | $63,394 | 52,010 |
| Sioux Falls, SD | 115 mi | $81,804 | 76,110 |
| Minneapolis, MN | 115 mi | $88,027 | 187,810 |
| Saint Paul, MN | 122 mi | $84,722 | 96,050 |
| Rochester, MN | 173 mi | $95,397 | 67,880 |
| Des Moines, IA | 258 mi | $69,159 | 78,230 |
Similar ZIP Codes in Minnesota
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 56637 | Talmoon | $55,640 | #21,340 |
| 56479 | Staples | $55,844 | #21,225 |
| 55757 | Kettle River | $55,902 | #21,192 |
| 55037 | Hinckley | $55,445 | #21,448 |
| 55748 | Hill City | $56,055 | #21,103 |
| 55750 | Hoyt Lakes | $56,085 | #21,091 |
| 56347 | Little Sauk | $56,093 | #21,089 |
| 55756 | Kerrick | $56,219 | #21,009 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 56265 | Montevideo, MN | 1.5 mi | $70,232 | #12,883 |
| 56260 | Maynard, MN | 3.1 mi | $76,555 | #9,997 |
| 56262 | Milan, MN | 11.0 mi | $69,181 | #13,395 |
| 56222 | Clara City, MN | 13.3 mi | $74,846 | #10,689 |
| 56241 | Granite Falls, MN | 16.6 mi | $73,774 | #11,147 |
| 56223 | Clarkfield, MN | 18.0 mi | $84,861 | #7,386 |
| 56215 | Benson, MN | 18.2 mi | $72,783 | #11,606 |
| 56231 | Danvers, MN | 18.6 mi | $86,041 | #7,118 |
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.