Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 47.8 yrs |
|---|---|
| Avg HH Size | 2.57 |
| Below Poverty | 7.0% ▼ 30% below avg |
| College Grads | 31.1% ▼ 20% below avg |
| HS Graduate | 141 (43.8%) |
| Some College | 39 (12.1%) |
| Associates | 42 (13%) |
| Bachelors | 29 (9%) |
| Graduate Degree | 71 (22%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $89,076 ▲ 17% above avg |
|---|---|
| Median Home Value | $251,600 ▼ 10% below avg |
| Home/Income Ratio | 2.8x (nat avg ~3.5x) |
| Total Housing Units | 208 |
| Vacant Units | 13 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Bingham Lake is a city in Minnesota, located in Cottonwood County. The city spans 1 ZIP code and is home to approximately 501 residents. It is a mature city, with a median age of 47.8 years.
Economically, Bingham Lake is a middle-income community. The median household income of $89,076 is above the national average. Approximately 7.0% of residents live below the poverty line.
The real estate market in Bingham Lake is a mid-range housing market. Median home values stand at $251,600, which is near the national average. Homeownership is high at 95.9%, typical of suburban and family-oriented communities.
The population of Bingham Lake is moderately educated. 31.1% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (97.01%).
Bingham Lake, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56118 | 501 | $89,076 | $251,600 | — | 0.0% | 31.1% | 95.9% |