Everything You Should Know Before Moving to Bingham Farms, MI
Considering a move to Bingham Farms, MI? This small, upscale village of 1,115 residents offers a tranquil lifestyle, top-tier schools, and exceptional safety with violent crime rates well below national averages. With a median home price of $675,000 and average rents around $2,200, housing costs are premium, but residents benefit from high incomes, a short 26-minute commute, and excellent healthcare nearby. Enjoy a peaceful suburban atmosphere, strong educational attainment, and easy access to Metro Detroit amenities.
Demographics - Bingham Farms, MI
Demographics - Bingham Farms, MI
Bingham Farms is a small, close-knit village with a population of just over 1,100 residents, predominantly White, and a notably high median age of 59.2 years. The area is characterized by a balanced gender ratio and a modest proportion of non-English speakers, fostering a peaceful and mature community environment.
Population:
1,115
Density:
530 per sq mi
Median Age:
59.2
Gender Ratio:
86 males per 100 females
Non-English Speakers Percentage:
6.1%
Ethnic Composition
White:
83.5%
Black:
8.7%
Asian:
5.2%
Others:
2.6%
Cost Of Living
What is the average cost of living in Bingham Farms, MI?
The cost of living in Bingham Farms is considerably above the national average, driven largely by a median home value of $675,000 and average rents of $2,200 per month. Residents can expect higher expenses for housing and transportation, though utility and healthcare costs are relatively moderate.
Median House Value:
$675,000
Gross Rent:
$2,200
Monthly Electricity Charges:
$120
Auto Insurance:
$2,050
House Owner Cost With Mortgage:
$2,800
House Owner Cost Without Mortgage:
$1,050
State Taxes:
Low:
4.25%
|
High:
4.25%
Cost Of Living Index:
144.0
Grocery:
106.0
Housing:
188.0
Utilities:
94.5
Transportation:
107.0
Health Care:
97.5
Miscellaneous:
101.0
Crime
Is Bingham Farms, MI a safe place to live?
Bingham Farms boasts very low crime rates, with only 45 violent crimes and 340 property crimes per 100,000 residents. This translates to a 1 in 2,222 chance of experiencing violent crime, making it one of the safer communities in the region.
Violent Crimes Per 100k:
45
Property Crimes Per 100k:
340
Crime Index:
385
Chance Of Violent Crime:
1 in 2,222
Chance Of Property Crime:
1 in 294
Weather
What is the weather like in Bingham Farms, MI year-round?
Residents experience all four seasons, with cold winters averaging 17°F to 33°F and warm summers reaching highs of 83°F. The village receives about 33 inches of rainfall annually and enjoys sunshine nearly half the year, making for a pleasant yet varied climate.
Winter
Min:
17°F
Max:
33°F
Spring
Min:
38°F
Max:
65°F
Summer
Min:
61°F
Max:
83°F
Fall
Min:
41°F
Max:
68°F
Average Rainfall Inches:
32.8 inches
Sunny Days Percentage:
49%
Neighbors
Neighborhoods in Bingham Farms are affluent, with household incomes topping $146,000 and a low 2.5% poverty rate. The area is highly educated—over 75% hold at least a bachelor's degree—and enjoys a low unemployment rate and short average commute times.
Median Income:
$70,000
Household Income:
$146,250
Family Income:
$174,500
Per Capita Income:
$87,500
Income Male:
$112,000
Income Female:
$68,000
Poverty Rate:
2.5%
Non English Speakers:
6.1%
Rent:
$2,200
Unemployment Rate:
3.1%
Public Transport Usage:
2.1%
Commute Time:
25.7 minutes
Education
High School or Higher:
98.8%
Bachelors or More:
75.1%
Education
How are the schools in Bingham Farms, MI?
Families benefit from excellent educational opportunities, including well-rated public schools with low student-teacher ratios and access to prestigious private schools. Nearby colleges and universities, such as Oakland Community College and Lawrence Technological University, offer convenient higher education options.
Public Schools
Name:
Beverly Elementary School
Street:
18305 Beverly Rd, Beverly Hills, MI 48025
Phone:
248-203-3150
Students:
485
Student Teacher Ratio:
13.5
Name:
Berkshire Middle School
Street:
21707 W 14 Mile Rd, Beverly Hills, MI 48025
Phone:
248-203-4700
Students:
800
Student Teacher Ratio:
16.1
Private Schools
Name:
Detroit Country Day School
Street:
22305 W 13 Mile Rd, Beverly Hills, MI 48025
Phone:
248-646-7717
Students:
1,400
Colleges
Name:
Oakland Community College - Southfield
City:
Southfield
State:
MI
Distance:
5 miles
Students:
14,000
Name:
Lawrence Technological University
City:
Southfield
State:
MI
Distance:
6 miles
Students:
4,500
Healthcare
Access to healthcare is excellent, with major hospitals such as Beaumont Hospital and Henry Ford West Bloomfield nearby, and a high rate of insured residents at 96.2%. The area benefits from a strong physician presence, ensuring quality local medical care.
Major Hospitals
Name:
Beaumont Hospital, Royal Oak
Address:
3601 W 13 Mile Rd, Royal Oak, MI 48073
Phone:
(248) 898-5000
Type:
General & Surgical
Emergency Services:
Yes
Name:
Henry Ford West Bloomfield Hospital
Address:
6777 W Maple Rd, West Bloomfield Township, MI 48322
Phone:
(248) 325-1000
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
3.1
Health Insurance Coverage:
96.2%
Health Care Index:
77.4
Housing Market
What is the housing market like in Bingham Farms, MI?
The housing market in Bingham Farms is robust and stable, featuring a median home price of $675,000 and a high owner-occupancy rate of nearly 95%. Homes appreciate steadily, and rental options are limited but well-maintained, with low vacancy and foreclosure rates.
Median Home Price:
$675,000
Average Rent For 2 Bedroom:
$2,200
Owner Occupied Rate:
94.8%
Rental Vacancy Rate:
4.2%
Home Appreciation Rate (1yr):
4.7%
New Construction Rate:
0.6%
Foreclosure Rate:
0.2%
DMV Information
Bingham Farms residents are served by the Michigan Secretary of State, with the nearest office in Brighton offering a full range of licensing and vehicle registration services. Information, forms, and appointments can be accessed easily through the official state website.
State:
Michigan
Department:
Michigan Secretary of State
Address:
7064 E. Grand River Ave., Brighton, MI 48114
Phone:
1-888-767-6424
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.