Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 57.9 yrs |
|---|---|
| Avg HH Size | 1.91 |
| Below Poverty | 16.1% ▲ 61% above avg |
| College Grads | 22.5% ▼ 42% below avg |
| Unemployment | 5.3% ▲ 8% above avg |
| No HS Diploma | 25 (1.8%) |
| HS Graduate | 597 (43.2%) |
| Some College | 252 (18.2%) |
| Associates | 196 (14.2%) |
| Bachelors | 143 (10.4%) |
| Graduate Degree | 168 (12.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $43,138 ▼ 43% below avg |
|---|---|
| Median Home Value | $108,900 ▼ 61% below avg |
| Home/Income Ratio | 2.5x (nat avg ~3.5x) |
| Median Rent | $827/mo |
| Total Housing Units | 1,298 |
| Vacant Units | 376 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Bingham is a city in Maine, located in Somerset County. The city spans 1 ZIP code and is home to approximately 1,775 residents. It is an older city, with a median age of 57.9 years.
Economically, Bingham is a working-class community. The median household income of $43,138 is below the national average. Approximately 16.1% of residents live below the poverty line. The unemployment rate is 5.3%, near the national average.
The real estate market in Bingham is one of the more affordable housing markets in the country. Median home values stand at $108,900, which is well below the national average. Renters typically pay around $827 per month. Homeownership is high at 79.3%, typical of suburban and family-oriented communities.
The population of Bingham is less-educated. 22.5% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (95.32%).
Bingham, ME offers residents a cost-conscious lifestyle within Maine.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 04920 | 1,775 | $43,138 | $108,900 | $827 | 5.3% | 22.5% | 79.3% |