ZIP Code 85040 — Phoenix, AZ
IRS Income Data, Tax Year 2022
$46,249
Average AGI
#25,538
National Rank
#259
AZ State Rank
14,020
Tax Returns
About Phoenix, AZ
Phoenix's rapid growth is driven by affordable housing, semiconductor manufacturing, and Sunbelt migration. Its 39 ZIP codes capture a sprawling metro where tech investment meets retirement communities.
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 85040.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 4,740 | $66,869,000 | $14,107 | 33.8% |
| $25,000 - $50,000 | 5,180 | $190,624,000 | $36,800 | 37.0% |
| $50,000 - $75,000 | 2,250 | $135,724,000 | $60,321 | 16.1% |
| $75,000 - $100,000 | 950 | $81,676,000 | $85,974 | 6.8% |
| $100,000 - $200,000 | 780 | $100,709,000 | $129,114 | 5.6% |
| $200,000 or more | 120 | $72,817,000 | $606,808 | 0.9% |
| Total | 14,020 | $648,419,000 | $46,249 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Scottsdale, AZ | 7 mi | $203,585 | 144,180 |
| Tempe, AZ | 9 mi | $84,787 | 72,680 |
| Glendale, AZ | 9 mi | $66,043 | 130,690 |
| Peoria, AZ | 9 mi | $69,213 | 62,220 |
| Chandler, AZ | 14 mi | $99,744 | 99,560 |
| Gilbert, AZ | 17 mi | $111,812 | 64,340 |
Similar ZIP Codes in Arizona
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 85645 | Amado | $46,290 | #25,524 |
| 85621 | Nogales | $46,052 | #25,601 |
| 85321 | Why | $45,974 | #25,620 |
| 85337 | Gila Bend | $46,561 | #25,464 |
| 85363 | Youngtown | $45,935 | #25,628 |
| 85631 | San Manuel | $45,906 | #25,635 |
| 86445 | $46,730 | #25,419 | |
| 85736 | Tucson | $46,733 | #25,418 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 85042 | , AZ | 2.1 mi | $67,286 | #14,388 |
| 85041 | Phoenix, AZ | 2.8 mi | $52,138 | #23,251 |
| 85048 | Phoenix, AZ | 3.5 mi | $132,525 | #2,315 |
| 85045 | Phoenix, AZ | 5.5 mi | $152,182 | #1,673 |
| 85044 | Phoenix, AZ | 5.8 mi | $99,124 | #4,771 |
| 85253 | Paradise Valley, AZ | 6.0 mi | $815,023 | #30 |
| 85034 | Phoenix, AZ | 6.4 mi | $59,386 | #19,015 |
| 85339 | Laveen, AZ | 7.0 mi | $65,966 | #15,128 |
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 293 ZIP codes in Arizona and all U.S. ZIP codes nationally. Data reflects tax returns filed, not total population.