Bingham Lake, MN

Bingham Lake, MN

At a Glance

How Bingham Lake Compares to the U.S. Average

Each bar shows Bingham Lake's value as a percentage of the national average (100% = U.S. avg)

Is Bingham Lake a Good Place to Live?

Economy & Jobs

Bingham Lake residents earn a median household income of $86,250 , which is 15% above the national average of $75,149. Per capita income is $37,911. The unemployment rate stands at 0.0% (100% below the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 366 business establishments, including 22 restaurants.

Housing & Cost of Living

The median home value in Bingham Lake is $225,000 , 20% below the national median of $281,900. Zillow estimates the typical home at $173,036. The cost of living index is 98.6 (100 = national average). The median home was built in 1951.

Safety & Crime

Bingham Lake reports 285 violent crimes per 100,000 residents , which is 25% below the national average of 380/100K. Property crime is 1,206/100K.

Education

24.6% of adults in Bingham Lake hold a bachelor's degree or higher (27% below the national average). 84.6% have completed high school. Local schools score 6.0/10 in standardized testing.

Climate & Weather

Bingham Lake has an average annual temperature of 47°F (8°C). Winters average 17°F in January while summers reach 74°F in July. The area gets 260 sunny days per year. Annual precipitation totals 31.7 inches. Air quality is rated Good with a median AQI of 36.

Data Overview

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