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IOWA'S INCOME BY ZIP CODE

December 14, 2004

The IRS has issued its statistical summary of form 1040 information for 2001. It is full of time-wasting potential, of which we have taken prompt advantage.

The statistics are organized by state, and then further broken down by zip code. Just for fun, we sorted out the average adjusted gross income (AGI) for each Iowa zip code (total AGI for the zip code divided by returns filed from the code). The champion:

Des Moines, 50305. Average 2001 AGI: 154,815.

Unfortunately, that zip code consists only of post office boxes. While it may be a nice neighborhood, the housing would be a bit too cramped for our taste.

The runner-up:

Urbandale, 50323 Average 2001 AGI: $122,606

Second runner-up:

Des Moines, 50392 Average 2001 AGI: $122,529

Oops, that's the Principal Financial Group dedicated zip code. This income must be from those hard-working insurance guys who literally live at the office.

Third runner-up:

Cedar Rapids, 52411 Average 2001 AGI $92,073

And bringing up the rear:

Ames, Iowa 50013 $7,994. This appears to be a dedicated ISU zip code. Poor starving kids...

We extracted the Average AGI for all Iowa zip codes here. Enjoy!

(Thanks to TaxProf Blog for the tip)

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