ZIP Code 56297 — Wood Lake, MN
IRS Income Data, Tax Year 2022
$78,402
Average AGI
#9,341
National Rank
#310
MN State Rank
370
Tax Returns
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 56297.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 90 | $1,018,000 | $11,311 | 24.3% |
| $25,000 - $50,000 | 80 | $2,882,000 | $36,025 | 21.6% |
| $50,000 - $75,000 | 70 | $4,429,000 | $63,271 | 18.9% |
| $75,000 - $100,000 | 40 | $3,734,000 | $93,350 | 10.8% |
| $100,000 - $200,000 | 70 | $9,549,000 | $136,414 | 18.9% |
| $200,000 or more | 20 | $7,397,000 | $369,850 | 5.4% |
| Total | 370 | $29,009,000 | $78,402 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Sioux Falls, SD | 96 mi | $81,804 | 76,110 |
| Brooklyn Center, MN | 114 mi | $63,394 | 52,010 |
| Minneapolis, MN | 115 mi | $88,027 | 187,810 |
| Saint Paul, MN | 121 mi | $84,722 | 96,050 |
| Rochester, MN | 163 mi | $95,397 | 67,880 |
| Des Moines, IA | 234 mi | $69,159 | 78,230 |
Similar ZIP Codes in Minnesota
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 56052 | Kilkenny | $78,432 | #9,330 |
| 56214 | Belview | $78,358 | #9,358 |
| 56172 | Slayton | $78,290 | #9,383 |
| 55041 | Lake City | $78,518 | #9,303 |
| 56501 | Detroit Lakes | $78,543 | #9,292 |
| 55354 | Lester Prairie | $78,257 | #9,396 |
| 55975 | Spring Valley | $78,605 | #9,272 |
| 55934 | Viola | $78,175 | #9,423 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 56245 | Hanley Falls, MN | 2.7 mi | $80,816 | #8,528 |
| 56237 | Echo, MN | 8.8 mi | $71,907 | #11,998 |
| 56241 | Granite Falls, MN | 9.1 mi | $73,774 | #11,147 |
| 56229 | Cottonwood, MN | 10.7 mi | $94,210 | #5,510 |
| 56285 | Sacred Heart, MN | 12.8 mi | $80,473 | #8,647 |
| 56292 | Vesta, MN | 13.7 mi | $70,436 | #12,764 |
| 56223 | Clarkfield, MN | 14.1 mi | $84,861 | #7,386 |
| 56214 | Belview, MN | 14.7 mi | $78,358 | #9,358 |
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.