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Bingham Farms, MI

Full City Profile · Michigan · Oakland County County

4.0 /5.0
A Great
1,652 Population 1,365/sq mi density
$218,750 Median Income $90,656 per capita
$570,900 Home Value $598,280 Zillow
49°F Avg Temperature 260 sunny days/yr
62 Violent Crime/100K 773 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
5.0 / 5.0
$218,750 median income, 1.2% unemployment
A+
Affordability
5.0 / 5.0
$570,900 home value, /mo rent
F
Safety
1.0 / 5.0
62 violent crimes/100K
A+
Education
5.0 / 5.0
66.0% bachelor's degree or higher

Bingham Farms, MI

At a Glance

Median Income
$218,750
191% above
$90,656 per capita
Home Value
$570,900
103% above
Zillow: $598,280
Violent Crime
62/100K
84% below
773/100K property
Bachelor's Degree+
66.0%
96% above
93.6% high school+
Unemployment
1.2%
67% below
1.2% poverty rate
Obesity Rate
29.7%
7% below
8.4% smoking rate
Avg Temperature
49°F
260 sunny days/yr

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)

Income
291%
Home Value
203%
Poverty
10%
Bachelor's
196%
Unemployment
33%
Crime
16%
Thin vertical line = U.S. national average (100%)

Is Bingham Farms a Good Place to Live?

A
4.0 / 5.0 — Great
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 1.2% (67% 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 $598,280. The cost of living index is 96.2 (100 = national average). The median home was built in 1984.

Safety & Crime

Bingham Farms reports 62 violent crimes per 100,000 residents , which is 84% below the national average of 380/100K. Property crime is 773/100K.

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 49°F (10°C). Winters average 24°F in January while summers reach 73°F in July. The area gets 260 sunny days per year. Annual precipitation totals 33.9 inches. Air quality is rated Good with a median AQI of 38.

Data Overview

People

Population1,652
Median Age67.3 yrs
Density1,365/mi²
Male / Female39% / 61%
Foreign Born13.6%
Veterans5.5%

Economy

A+
Median Income$218,750
Per Capita$90,656
Unemployment1.2%
Poverty1.2%
County GDP$143,144M
Avg Weekly Wage$1,498

Housing

A+
Home Value$570,900
Rent
Ownership95.1%
Zillow$598,280
Housing Units509
Rent Burden42.5%

Crime

F
Violent62/100K
Property773/100K

Health

Obesity29.7%
Diabetes7.6%
Smoking8.4%
Heart Disease4.4%
Premature Death6,101/100K

Climate

Avg Temp49°F
Sunny Days260/yr
Rain33.9 in/yr
AQI38 (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.
22.3% of the population has a disability.
13.6% 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.