Bingham Farms, MI
Population 1,652 · Michigan
About Bingham Farms, MI
Bingham Farms is a small community in Michigan with a population of 1,652 residents. The median household income is $218,750 per year, which is above the national average. The median age in Bingham Farms is 67.3 years.
Housing in Bingham Farms has a median home value of $570,900 and median monthly rent of $0. Of the 506 total housing units, the majority are owner-occupied, with 445 owner-occupied and 23 renter-occupied units.
The unemployment rate in Bingham Farms is 3.2% and the poverty rate is 27.4%. 66.0% of residents hold a bachelor's degree or higher. The average commute time is 21.3 minutes.
How Bingham Farms Ranks in Michigan
Cost of Living in Bingham Farms, MI
Compared to national averages, Bingham Farms has a median household income of $218,750 (191% above the national median of $75,149). Home values average $570,900, which is 133% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Bingham Farms's income is 231% above the state average of $66,017, and home values are 211% above the state median of $183,391.
Why Live in Bingham Farms, MI?
Bingham Farms offers a strong local economy with a median household income of $218,750, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 3.2%. Additionally, the city features a well-educated community where 66.0% of residents hold a bachelor’s degree or higher, and short commute times averaging just 21.3 minutes.
Potential considerations include a competitive housing market where the typical home costs $570,900. However, Bingham Farms’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Bingham Farms has a population of 1,652 with a median age of 67.3 years. Compare Bingham Farms with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Bingham Farms
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Tawas City | 1,654 | $46,797 | $124,000 | Compare |
| Morrice | 1,647 | $63,611 | $114,900 | Compare |
| Laingsburg | 1,640 | $75,547 | $202,600 | Compare |
| Grayling | 1,638 | $31,719 | $131,800 | Compare |
| White Pigeon | 1,637 | $44,063 | $143,100 | Compare |
| Olivet | 1,633 | $44,940 | $137,300 | Compare |
| Sylvan Lake | 1,672 | $106,806 | $356,800 | Compare |
| Howard City | 1,683 | $52,663 | $143,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Bingham Farms
What is the population of Bingham Farms, MI?
The population of Bingham Farms, MI is 1,652 according to the latest Census data.
What is the median household income in Bingham Farms?
The median household income in Bingham Farms, MI is $218,750 per year.
What is the median home value in Bingham Farms?
The median home value in Bingham Farms, MI is $570,900.
What is the average rent in Bingham Farms?
The median monthly rent in Bingham Farms, MI is $0.
What is the unemployment rate in Bingham Farms?
The unemployment rate in Bingham Farms, MI is 3.2%.