Bingham Lake, MN Profile: Facts & Data

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Bingham Lake, Minnesota - Basic Facts

The City of Bingham Lake had a population of 113 as of July 1, 2019. Bingham Lake ranks in the lower quartile for Population Density and the upper quartile for Diversity Index 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 elevation is 1,424 feet.

The City of Bingham Lake (GNIS ID: 2394169) 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.

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

Jump to... (On This Page!)
  1. Bingham Lake 2019 Demographic Data
  2. Growth Rates for Bingham Lake (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Minnesota Research Tools (Easy Tools & Current Data)
  3. Minnesota Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Bingham Lake, MN Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Bingham Lake, MN Housing Affordability Index is 0
State of Minnesota Housing Affordability Index is 135
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Bingham Lake, MN Wealth Index is 85
State of Minnesota Wealth Index is 112
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

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  1. For information about schools and school attendance zones, use the HTL Address Tool
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  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Minnesota COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 113 (100%)
Population in Households 113 (100.0%)
Population in Families 97 (85.8%)
Population in Group Quarters1 0
Population Density 150
Diversity Index2 26
 

INCOME

Median Household Income $60,584
Average Household Income $77,367
Per Capita Income $26,967
Wealth Index4 85

HOUSING

Total Housing Units 57 (100%)
Owner Occupied HU 43 (75.4%)
Renter Occupied HU 7 (12.3%)
Vacant Housing Units 8 (14.0%)
Median Home Value $132,143
Housing Affordability Index3 0
 

HOUSEHOLDS

Total Households 49
Average Household Size 2.31
Family Households 37
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood 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.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population -1.17% -0.72%
Households -1.24% -0.41%
Families 0.92% -1.11%
Median Household Income   2.68%
Per Capita Income   2.41%

Bingham Lake, MN - Peer Comparisons by Rank and Percentile

The table below compares Bingham Lake to the other 903 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2019 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 # 788 13th
Population Density # 749 17th
Diversity Index # 216 76th
Median Household Income # 402 56th
Per Capita Income # 675 25th

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

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