Where the bucks are
The IRS has just posted a huge bank of .xls spreadsheets wherein one can see various statistics of income from the tax year 2001, for every zip code in the country. If you like statistics, you could spend hours leafing through this stuff.
Did you know that in Oregon that year, there were 1,515,309 federal income tax returns filed by individuals and married couples? The adjusted gross income (AGI) reported on these returns was $66,031,596,000. So the average return showed AGI of $43,576.32.
The total for the whole country was 126,018,336 returns, with AGI of $5,976,568,114,000, or an average AGI of $47,426.78. So Oregonians were making 8.12% less income (or at least, they reported that much less on their tax returns) than the average American that year.
(Compare Beverly Hills 90210, where 10,570 returns showed AGI of $3,140,811,000 -- an average of $297,143.90.)
There were 297,271 Oregon returns with AGI under $10,000 (19.62% of the returns); 388,334 with AGI between $10,000 and $24,999 (25.63%); 396,757 with AGI between $25,000 and $49,999 (26.18%); and 432,947 with AGI of $50,000 or more (28.7%).
Just for geeky fun, I took my own zip code in northeast Portland, 97212, and looked at the same figures. There were 12,147 returns filed, showing AGI of $677,759,000 (an average of $55,796.41). Of these, 2,221 were under $10,000 (18.28%); 2,517 between $10,000 and $25,000 (20.72%); 2,864 between $25,000 and $49,999 (23.58%); and 4,545 at $50,000 or more (37.42%). Conclusion? My zip code is quite a bit better off than the rest of Oregon and the nation.
But where are the real money-makers around here? For kicks, I took the zip code where I work, 97219, and gave it a whirl. There were 18,444 returns filed, showing AGI of $1,188,920,000 (an average of $64,461.07). Conclusion? Folks are getting richer up where I work than down where I live.
How about central Lake Oswego, 97034? You find 9,458 returns, and AGI of $1,022,718,000 -- an average AGI of $108,132.59. Conclusion? Now that's really a rich community by Oregon and national standards.
Just up the ridge from us in northeast Portland is 97213. Total returns were 14,823, with AGI of $592,464,000, an average of $39,969.24 -- considerably below the statewide average. Conclusion? People really are just scraping by up there.
One last run -- my old stomping grounds, inner southeast, 97215. There were 13,073 returns, with total AGI of $478,583,000 -- an average of $36,608.51. There's the lowest I've come up with so far.
To sum up the income numbers:
I'd be interested if any readers are nerdly enough to draw their own interesting conclusions from these tables. Please post 'em here. (Via TaxProf Blog.)