Last updated: 2024 BLS data · Page refreshed:
Bingham Farms has a population of 1,680 with a median age of 66.5. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 1,680 |
| Median Age | 66.5 |
| White | 89.8% |
| Black or African American | 3.7% |
| Asian | 3.5% |
| Hispanic or Latino | 1.3% |
| Other / Two or More Races | 1.7% |
The median household income in Bingham Farms is $244,618, which is 203.5% above the national median of $80,610. The per capita income is $106,724. The poverty rate is 26.4%.
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In Bingham Farms, 93.5% of residents age 25+ have a high school diploma or higher, and 68.9% hold a bachelor's degree or higher (38.0% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 93.5% |
| Bachelor's Degree or Higher | 68.9% |
| Graduate or Professional Degree | 38.0% |
The median home value in Bingham Farms is $580,500, above the national median of $303,400. The median monthly rent is $3,501. The homeownership rate is 96.9%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $580,500 |
| Median Monthly Rent | $3,501 |
| Homeownership Rate | 96.9% |
| Vacancy Rate | 5.0% |
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