Bingham, ME
Population 613 · Maine
About Bingham, ME
Bingham is a small community located in Maine with a population of 613 residents according to the latest US Census Bureau American Community Survey data. The median household income is $53,750 per year, which is 28% below the national median of $75,149. The median age of 46.9 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Bingham features a median home value of $108,900, which is 56% below the national median of $244,900. This makes Bingham one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $367, 68% below the national average of $1,163/month. Of the 398 total housing units, 83% are owner-occupied (246 units) and 17% are renter-occupied (50 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Bingham shows an unemployment rate of 12.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 14.7%, above the national average of 12.4%. Workers in Bingham have an average one-way commute time of 38.1 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
18.7% of Bingham residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 3.9% White, 1.3% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.8% of the population being foreign-born.
How Bingham Ranks in Maine
Cost of Living in Bingham, ME
Compared to national averages, Bingham has a median household income of $53,750 (28% below the national median of $75,149). Home values average $108,900, which is 56% below the national median. Monthly rent at $367 is 68% below the US average of $1,163. Within Maine, Bingham's income is 17% below the state average of $64,613, and home values are 57% below the state median of $251,113.
Why Live in Bingham, ME?
Bingham offers affordable housing with a median home value of $108,900, below the US average of $244,900, and rent that’s lower than the national average at $367/month.
Potential considerations include median household income ($53,750) that falls below the national average. However, Bingham’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Bingham has a population of 613 with a median age of 46.9 years. Compare Bingham with other cities to see how it stacks up, or explore all cities in Maine.
Similar Cities Near Bingham
Cities in Maine with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maine
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Bingham
What is the population of Bingham, ME?
The population of Bingham, ME is 613 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Maine.
What is the median household income in Bingham?
The median household income in Bingham, ME is $53,750 per year, which is 28% below the national median of $75,149.
What is the median home value in Bingham?
The median home value in Bingham, ME is $108,900, which is 56% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Bingham?
The median monthly rent in Bingham, ME is $367, which is 68% below the national average of $1,163/month.
What is the unemployment rate in Bingham?
The unemployment rate in Bingham, ME is 12.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Bingham, ME a good place to live?
Bingham offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 613 and a median age of 46.9, the city appeals to established professionals and retirees.
How educated is Bingham, ME?
18.7% of residents in Bingham aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Bingham?
Key cost-of-living indicators for Bingham, ME: median home value is $108,900 (56% below national), median rent is $367/month, and median household income is $53,750. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Bingham?
The poverty rate in Bingham, ME is 14.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Bingham, ME?
Bingham's population is 3.9% White, 1.3% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.8% of residents are foreign-born.