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Bingham Lake, MN
Full City Profile · Minnesota · Jackson County County
3.4
/5.0
B
Good
106
Population
133/sq mi density
$86,250
Median Income
$37,911 per capita
$225,000
Home Value
$173,036 Zillow
47°F
Avg Temperature
260 sunny days/yr
285
Violent Crime/100K
1,206 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$86,250 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$225,000 home value, /mo rent
F
Safety
1.0 / 5.0
285 violent crimes/100K
C+
Education
3.0 / 5.0
24.6% bachelor's degree or higher
Income Overview
Median Household Income
$86,250
15% above
US avg: $75,149
Per Capita Income
$37,911
3% below
US avg: $39,052
Unemployment Rate
0.0%
100% below
US avg: 3.6%
Poverty Rate
0.0%
100% below
US avg: 12.4%
Income Comparison: Bingham Lake vs. U.S. Average
Each bar shows Bingham Lake’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$86,250
115%
Per Capita
US: $39,052
$37,911
97%
IRS Avg AGI
US: $72,000
$72,550
101%
Avg Weekly Wage
US: $1,432
$998
70%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$998
30% below US avg ($1,432)
Mean Commute Time
18 min
36% below US avg (28 min)
Work From Home
11.3%
26% below US avg (15.2%)
Drive Alone
75.5%
3% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$881M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
75.5%
Public Transit
0%
Work From Home
11.3%
Other
13.2%
Average commute time
18 minutes
US avg: 28 min
Business Landscape
Total Establishments
366
Restaurants
22
Healthcare
27
Retail
40
Manufacturing
13
Tax & Financial
IRS Avg Adjusted Gross Income
$72,550
1% above US avg ($72,000)
Avg Property Tax
$2,615
25% below US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $86,250 |
| Per Capita Income | $37,911 |
| IRS Avg Adjusted Gross Income | $72,550 |
| Avg Weekly Wage | $998 |
| County GDP | $881M |
Hardship Indicators
| Unemployment Rate | 0.0% |
| Poverty Rate | 0.0% |
| Gini Coefficient | 0.416 |
| Cost of Living Index | 98.6 |
Commute
| Mean Commute | 18 minutes |
| Drive Alone | 75.5% |
| Public Transit | 0.0% |
| Work From Home | 11.3% |
Businesses
| Total Establishments | 366 |
| Restaurants | 22 |
| Healthcare | 27 |
| Retail | 40 |
| Manufacturing | 13 |
Tax
| IRS Avg AGI | $72,550 |
| Avg Property Tax | $2,615 |