At a Glance
Median Income
$218,750
$90,656 per capita
Home Value
$570,900
Zillow: $617,534
Bachelor's Degree+
66.0%
93.6% high school+
Unemployment
3.2%
1.2% poverty rate
Obesity Rate
29.7%
8.4% smoking rate
How Bingham Farms Compares to the U.S. Average
Each bar shows Bingham Farms's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Bingham Farms a Good Place to Live?
A+
4.9 / 5.0 - Excellent
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Bingham Farms residents earn a median household income of $218,750 , which is 191% above the national average of $75,149.
Per capita income is $90,656. The unemployment rate stands at 3.2% (11% below the U.S. rate of 3.6%). 1.2% of residents live below the poverty line. The area is home to 43,047 business establishments, including 3,099 restaurants.
Housing & Cost of Living
The median home value in Bingham Farms is $570,900 , 103% above the national median of $281,900.
Zillow estimates the typical home at $617,534. The cost of living index is 96.2 (100 = national average). The median home was built in 1984.
Education
66.0% of adults in Bingham Farms hold a bachelor's degree or higher
(96% above the national average).
93.6% have completed high school. Local schools score 6.1/10 in standardized testing.
Climate & Weather
Bingham Farms has an average annual temperature of 48°F (9°C).
Winters average 23°F in January while summers reach 71°F in July. Annual precipitation totals 33.0 inches. Air quality is rated Good with a median AQI of 45.
Data Overview
People
Population1,652
Median Age67.3 yrs
Density1,365/mi²
Male / Female39% / 61%
Foreign Born13.3%
Veterans5.5%
Economy
A+
Median Income$218,750
Per Capita$90,656
Unemployment3.2%
Poverty1.2%
County GDP$143,144M
Avg Weekly Wage$1,498
Housing
A+
Home Value$570,900
Rent
Ownership95.1%
Zillow$617,534
Housing Units509
Rent Burden42.5%
Health
Obesity29.7%
Diabetes7.6%
Smoking8.4%
Heart Disease4.4%
Premature Death6,101/100K
Climate
Avg Temp48°F
Rain33.0 in/yr
AQI45 (Good)
Elevation720 ft
Education
A+
Bachelor's+66.0%
High School+93.6%
Graduate+35.0%
School Score6.1/10
Community
2024 VoteR 44% / D 54%
Commute21 min
Broadband88.0%
Internet Speed154 Mbps
EV Stations1
Libraries40
Did You Know?
The median home in Bingham Farms was built in 1984.
35.2% work from home.
The nearest airport is Oakland County International (13 miles).
The Gini coefficient (income inequality) is 0.467 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively High" by FEMA.
21.6% of the population has a disability.
13.3% of residents are foreign-born.
Average internet download speed is 154 Mbps.
There are 3,099 restaurants in the area.
The county recorded 76 fatal vehicle crashes.