Bingham Lake, MN Community Profile: Data

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Bingham Lake, Minnesota - Basic Facts

Bingham Lake is the common name for the community and surrounding area while the formal official name is the City of Bingham Lake.

It is an incorporated place (Class Code P1) located in Cottonwood County at latitude 43.9066 and longitude -95.0464. Cottonwood County is in the Central time zone (GMT -6). The elevation is 1,421 feet.

The formal boundaries for the City of Bingham Lake (see map) encompass a land area of 0.75 sq. miles and a water area of 0 sq. miles.

Alternate Unofficial Names for Bingham Lake: City of Bingham Lake.

Camera Icon Photos of the local Bingham Lake, MN area

Also See: Bingham Lake, MN ZIP Codes and ZIP Code Maps

Bingham Lake, MN - Peer Comparisons by Rank and Percentile

The table below compares Bingham Lake to the other 906 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2014 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 771 15th
Population Density1 # 735 19th
Diversity Index2 # 182 80th
Median Household Income # 397 56th
Per Capita Income # 757 17th

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.

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Bingham Lake, MN Data & Demographics (As of July 1, 2014)

POPULATION

Total Population 124
Population in Households 124
Population in Familes 107
Population in Group Qrtrs 0
Population Density1 165
Diversity Index2 25
 

HOUSEHOLDS

Total Households 55
Average Household Size 2.25
Family Households 41
Average Family Size 3

HOUSING

Total Housing Units 63 (100%)
Owner Occupied HU 48 (76.2%)
Renter Occupied HU 7 (11.1%)
Vacant Housing Units 8 (12.7%)
Median Home Value $82,692
Average Home Value $183,511
 

INCOME

Median Household Income $53,219
Average Household Income $61,074
Per Capita Income $21,728
  (Compound Annual Growth Rates)

GROWTH RATES

2010-2014 2014-2019
Population -0.38% -0.16%
Households 0.0% -0.37%
Families 4.5% -0.49%
Median Household Income   1.47%
Per Capita Income   1.84%
1) Population Density = Total Population per square mile.
2) The Diversity Index is a scale of 0 to 100 that represents the likelyhood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
Based on Census 2010 counts, the Diversity Index for the United States was 60.6 and it is expected to increase to 64.8 by July 1, 2018.

Information Updates

The Demographic Data for the 4,625 Minnesota cities, towns, counties, ZIP Codes and Census Designated Places (CDPs) profiled in this gazetteer is updated annually. Last Update: July 1, 2014.

The ZIP Code maps and the data regarding the number of residential and business addresses in each ZIP Code are updated four times per year. Last Update: August 1, 2014.

The information on the 50,016 Minnesota Physical, Cultural and Historic Features is updated six times per year. Last Update: October 5, 2014.

The School Attendance Zone Maps for 1,832 Minnesota public schools are updated four times per year. Last Update: October 6, 2014.