Also See Bingham Lake, MN: ZIP Codes & Maps
The City of Bingham Lake had a population of 139 as of July 1, 2023. Bingham Lake ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Minnesota. See peer rankings below.
The primary coordinate point for Bingham Lake is located at latitude 43.9066 and longitude -95.0464 in Cottonwood County. The formal boundaries for the City of Bingham Lake encompass a land area of 0.75 sq. miles and a water area of 0 sq. miles. Cottonwood County is in the Central time zone (GMT -6).
The City of Bingham Lake has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
POPULATION | |
---|---|
Total Population | 139 (100%) |
Population in Households | 139 (100.0%) |
Population in Families | 129 (92.8%) |
Population in Group Quarters1 | 0 |
Population Density | 174 |
Diversity Index2 | 15 |
INCOME | |
Median Household Income | $82,241 |
Average Household Income | $101,915 |
% of Income for Mortgage4 | 0% |
Per Capita Income | $38,860 |
Wealth Index5 | 91 |
Socioeconomic Status Index6 | High (67.3) |
HOUSING | |
---|---|
Total HU (Housing Units) | 58 (100%) |
Owner Occupied HU | 42 (72.4%) |
Renter Occupied HU | 11 (19.0%) |
Vacant Housing Units | 5 ( 8.6%) |
Median Home Value | $300,000 |
Average Home Value | $272,619 |
Housing Affordability Index3 | 0 |
HOUSEHOLDS | |
Total Households | 53 |
Average Household Size | 2.62 |
Family Households | 42 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | 0.45% | -0.14% |
Households | -1.68% | 0.00% |
Families | 0.00% | |
Median Household Income | 2.53% | |
Per Capita Income | 2.45% | |
Owner Occupied HU | -1.98% |
The table below compares Bingham Lake to the other 914 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2023 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 | # 754 | 18th |
Population Density | # 721 | 21st |
Median Household Income | # 252 | 73rd |
Housing Affordability Index | # 92 | 10th |
Per Capita Income | # 454 | 50th |
Diversity Index | # 662 | 28th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.
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