Bingham Farms, MI
Population 1,652 · Michigan
About Bingham Farms, MI
Bingham Farms is a small town located in Michigan with a population of 1,652 residents according to the latest US Census Bureau American Community Survey data. The median household income is $218,750 per year, which is 191% above the national median of $75,149. The median age of 67.3 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 Farms features a median home value of $570,900, which is 133% above the national median of $244,900. This places Bingham Farms in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 506 total housing units, 95% are owner-occupied (445 units) and 5% are renter-occupied (23 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Bingham Farms shows an unemployment rate of 3.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 27.4%, above the national average of 12.4%. Workers in Bingham Farms have an average one-way commute time of 21.3 minutes.
Education & Demographics
66.0% of Bingham Farms residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.7% White, 1.5% Hispanic or Latino, 0.0% Black or African American, and 0.1% Asian residents, with 13.3% of the population being foreign-born.
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.
Compare Bingham Farms With Other Cities
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 US Census Bureau American Community Survey estimates. This makes it a small town in Michigan.
What is the median household income in Bingham Farms?
The median household income in Bingham Farms, MI is $218,750 per year, which is 191% above the national median of $75,149.
What is the median home value in Bingham Farms?
The median home value in Bingham Farms, MI is $570,900, which is 133% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Bingham Farms?
The median monthly rent in Bingham Farms, MI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Bingham Farms?
The unemployment rate in Bingham Farms, MI is 3.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Bingham Farms, MI a good place to live?
Bingham Farms offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,652 and a median age of 67.3, the city appeals to established professionals and retirees.
How educated is Bingham Farms, MI?
66.0% of residents in Bingham Farms aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Bingham Farms?
Key cost-of-living indicators for Bingham Farms, MI: median home value is $570,900 (133% above national), median rent is $0/month, and median household income is $218,750. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Bingham Farms?
The poverty rate in Bingham Farms, MI is 27.4%, 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 Farms, MI?
Bingham Farms's population is 0.7% White, 1.5% Hispanic or Latino, 0.0% Black or African American, 0.1% Asian, and 7.5% two or more races. 13.3% of residents are foreign-born.