Bingham Farms, Michigan Demographics & Population 2026
Demographic data: ACS 2020–2024 five-year estimates. Sources and methodology
During the 2020–2024 ACS period, Bingham Farms, Michigan had a total population of 1,680, the 338th largest village in Michigan, with a median household income of $244,618, which is 236% higher than the state average. The poverty rate is 26.4%.
Key Takeaways
- Household income is 236% above the state average — one of the wealthiest communities in Michigan.
- More than 1 in 4 residents live below the poverty line (26.4%), well above the national average of 12.4%.
- 68.9% of adults hold a bachelor's degree or higher — top 10% in Michigan.
- Housing is very affordable with a home-value-to-income ratio of just 2.4x.
- Near full employment with an unemployment rate of just 0.9%.
Bingham Farms Quick Facts
How Bingham Farms Changed
Change from the non-overlapping 2015–2019 ACS period to 2020–2024. Earlier dollar figures are adjusted to 2024 dollars; changes marked “no clear change” are within the combined 90% margins of error.
| Metric | 2015–2019 | 2020–2024 | Change |
|---|---|---|---|
| Population | 1,129 | 1,680 | +48.8% |
| Median household income | $161,310 | $244,618 | +51.6% |
| Median home value¹ | $510,744 | $580,500 | No clear change (+13.7%) |
| Median gross rent | $1,231 | $3,501 | +184.5% |
How Bingham Farms Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
- White: 88.4%
- Black: 3.7%
- Hispanic: 1.3%
- Asian: 3.5%
- Other: 0.2%
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 45 | National average: 61
Education
Educational Attainment (Adults 25+)
- < High School: 6.5%
- HS Diploma: 6.6%
- Some College: 16.6%
- Associate's: 1.4%
- Bachelor's: 30.8%
- Graduate+: 38.0%
Bingham Farms Rankings in Michigan
Explore Michigan Rankings
Other Cities in Oakland County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Troy | 87,898 | $120,045 | 5.4% | $420,300 |
| Farmington Hills | 83,515 | $104,836 | 7.6% | $354,500 |
| Rochester Hills | 77,089 | $120,694 | 5.2% | $409,800 |
| Southfield | 76,236 | $68,166 | 10.3% | $236,200 |
| Novi | 66,717 | $110,723 | 5.4% | $421,900 |
| Pontiac | 62,104 | $44,329 | 24.4% | $121,700 |
| Royal Oak | 57,950 | $101,109 | 6.2% | $328,700 |
| Oak Park | 29,318 | $71,510 | 12.0% | $212,300 |
| Madison Heights | 28,419 | $69,503 | 10.8% | $199,100 |
| Auburn Hills | 25,105 | $84,375 | 11.1% | $245,000 |
Cities Similar to Bingham Farms
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| South Gull Lake | 1,801 | $188,750 | N/A | 87.5% | 0.8% |
| Orchard Lake Village | 2,238 | $206,667 | $737,000 | 66.6% | 8.6% |
| Weidman | 1,156 | N/A | N/A | 17.7% | 52.3% |
| Wacousta | 1,711 | $109,250 | $283,700 | 51.5% | 2.8% |
| Caledonia | 1,671 | $106,250 | $339,000 | 54.4% | 3.8% |
Population Overview
Bingham Farms is a small community located in Michigan, within Oakland County. The total population is 1,680. It ranks as the 338th most populous out of 745 Census-designated places in Michigan.
Age Demographics
The median age in Bingham Farms is 66.5 years. This is 65% higher than the state median of 40.2 years. 39.8% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Bingham Farms is $244,618. This is 236% higher than the state median of $72,875. It is also 203% higher than the national median of $80,734. The poverty rate stands at 26.4%. This is 100% higher than the state poverty rate of 13.2%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 0.9%. This is 83% lower than the state rate of 5.7%. The median home value is $580,500. Housing costs are 151% higher than the state median of $231,600. With a home-value-to-income ratio of just 2.4x, Bingham Farms is one of the most affordable housing markets in the area. 97.0% of occupied housing units are owner-occupied. This homeownership rate is 32% higher than the state average of 73.2%.
Race & Ethnicity
Bingham Farms has a predominantly White (non-Hispanic) population, comprising 88.4% of all residents. Black or African American residents account for 3.7%. The Black or African American population (3.7%) is well below the state average of 13.1%. The Hispanic or Latino population (1.3%) is well below the state average of 5.9%.
Education
68.9% of residents aged 25 and older hold a bachelor's degree or higher. This places Bingham Farms in the top 10% of all cities in the state for educational attainment. This is 112% higher than the state rate of 32.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.5%. Notably, 38.0% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Bingham Farms, Michigan is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Michigan state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 745 Census-designated places in Michigan. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Bingham Farms, Michigan?
Bingham Farms, Michigan has a population of 1,680 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Bingham Farms, MI?
The median household income in Bingham Farms is $244,618, which is 203% higher than the national median of $80,734.
What is the poverty rate in Bingham Farms, MI?
The poverty rate in Bingham Farms is 26.4%. This means approximately 435 residents live below the federal poverty line.
What is the racial makeup of Bingham Farms, Michigan?
Bingham Farms's population is 88.4% White, 3.7% Black, 1.3% Hispanic/Latino, and 3.5% Asian.
What is the median home value in Bingham Farms, MI?
The median home value in Bingham Farms is $580,500. The home-value-to-income ratio is 2.4x.
How educated is Bingham Farms, Michigan?
68.9% of adults (25+) in Bingham Farms hold a bachelor's degree or higher, and 38.0% hold a graduate or professional degree.