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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
Income Overview
Median Household Income
$218,750
191% above
US avg: $75,149
Per Capita Income
$90,656
132% above
US avg: $39,052
Unemployment Rate
1.2%
67% below
US avg: 3.6%
Poverty Rate
1.2%
90% below
US avg: 12.4%
Income Comparison: Bingham Farms vs. U.S. Average
Each bar shows Bingham Farms’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$218,750
291%
Per Capita
US: $39,052
$90,656
232%
IRS Avg AGI
US: $72,000
$117,718
163%
Avg Weekly Wage
US: $1,432
$1,498
105%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,498
5% above US avg ($1,432)
Mean Commute Time
21 min
23% below US avg (28 min)
Work From Home
35.2%
132% above US avg (15.2%)
Drive Alone
59.9%
18% below US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$143,144M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
59.9%
Public Transit
0%
Work From Home
35.2%
Other
4.9%
Average commute time
21 minutes
US avg: 28 min
Business Landscape
Total Establishments
43,047
Restaurants
3,099
Healthcare
5,524
Retail
4,518
Manufacturing
1,635
Tax & Financial
IRS Avg Adjusted Gross Income
$117,718
63% above US avg ($72,000)
Avg Property Tax
$8,369
139% above US avg ($3,500)
Cost of Living Index
96.2
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $218,750 |
| Per Capita Income | $90,656 |
| IRS Avg Adjusted Gross Income | $117,718 |
| Avg Weekly Wage | $1,498 |
| County GDP | $143,144M |
Hardship Indicators
| Unemployment Rate | 1.2% |
| Poverty Rate | 1.2% |
| Gini Coefficient | 0.467 |
| Cost of Living Index | 96.2 |
Commute
| Mean Commute | 21 minutes |
| Drive Alone | 59.9% |
| Public Transit | 0.0% |
| Work From Home | 35.2% |
Businesses
| Total Establishments | 43,047 |
| Restaurants | 3,099 |
| Healthcare | 5,524 |
| Retail | 4,518 |
| Manufacturing | 1,635 |
Tax
| IRS Avg AGI | $117,718 |
| Avg Property Tax | $8,369 |