ZIP Code 98040 — Mercer Island, WA
IRS Income Data, Tax Year 2022
$408,311
Average AGI
#187
National Rank
#2
WA State Rank
12,700
Tax Returns
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 98040.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 2,040 | $19,777,000 | $9,694 | 16.1% |
| $25,000 - $50,000 | 1,060 | $39,542,000 | $37,303 | 8.4% |
| $50,000 - $75,000 | 1,050 | $65,440,000 | $62,323 | 8.3% |
| $75,000 - $100,000 | 920 | $79,614,000 | $86,536 | 7.2% |
| $100,000 - $200,000 | 2,350 | $343,204,000 | $146,044 | 18.5% |
| $200,000 or more | 5,280 | $4,637,981,000 | $878,405 | 41.6% |
| Total | 12,700 | $5,185,558,000 | $408,311 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Bellevue, WA | 5 mi | $204,445 | 55,490 |
| Renton, WA | 8 mi | $116,749 | 70,760 |
| Kent, WA | 15 mi | $86,753 | 62,730 |
| Tukwila, WA | 17 mi | $76,396 | 57,200 |
| Seattle, WA | 20 mi | $160,981 | 394,040 |
| Tacoma, WA | 24 mi | $86,184 | 103,560 |
Similar ZIP Codes in Washington
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 98004 | Beaux Arts | $392,844 | #201 |
| 98112 | Seattle | $347,696 | #268 |
| 98033 | Kirkland | $308,328 | #353 |
| 98075 | $304,391 | #359 | |
| 98074 | $295,993 | #378 | |
| 98077 | $265,758 | #472 | |
| 98053 | Redmond | $260,638 | #492 |
| 98134 | Seattle | $249,738 | #538 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 98056 | Renton, WA | 3.7 mi | $120,509 | #2,892 |
| 98006 | Bellevue, WA | 3.9 mi | $238,917 | #590 |
| 98004 | Beaux Arts, WA | 3.9 mi | $392,844 | #201 |
| 98039 | Medina, WA | 4.6 mi | $1,191,705 | #11 |
| 98178 | Tukwila, WA | 4.7 mi | $85,424 | #7,251 |
| 98005 | Bellevue, WA | 4.8 mi | $229,718 | #645 |
| 98007 | Bellevue, WA | 5.8 mi | $136,221 | #2,164 |
| 98008 | Bellevue, WA | 6.3 mi | $202,119 | #865 |
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 498 ZIP codes in Washington and all U.S. ZIP codes nationally. Data reflects tax returns filed, not total population.