Everything You Should Know Before Moving to Bingham Lake, MN
Thinking about relocating to Bingham Lake, MN? This small town of 138 residents offers affordable living, with median home prices around $93,000 and average rents just $725. Enjoy a quiet, safe community with low violent crime rates, short 20-minute commutes, and abundant sunny days. Nearby schools and access to healthcare in Fairmont make it a practical choice for those seeking rural charm and value in southern Minnesota.
Demographics - Bingham Lake, MN
Demographics - Bingham Lake, MN
Bingham Lake is a small, close-knit community of 138 residents with a population density of 300 per square mile. The town has a median age of 40.7 and is predominantly White, with over 96% of residents identifying as such. A low percentage of non-English speakers and a nearly balanced gender ratio contribute to its friendly, familiar atmosphere.
Population:
138
Density:
300 per sq mi
Median Age:
40.7
Gender Ratio:
104 males per 100 females
Non-English Speakers Percentage:
2.5%

Ethnic Composition
White:
96.4%
Black:
0.0%
Asian:
0.0%
Others:
3.6%
Cost Of Living
What is the average cost of living in Bingham Lake, MN?
Living in Bingham Lake is highly affordable, with a cost of living index of 86.0 and median home values around $93,000. Average rents hover at $725 and utilities remain reasonable, making it an attractive option for budget-minded individuals. State taxes are moderate, and everyday expenses like groceries and transportation are below the national average.
Median House Value:
$93,000
Gross Rent:
$725
Monthly Electricity Charges:
$120
Auto Insurance:
$1,180
House Owner Cost With Mortgage:
$970
House Owner Cost Without Mortgage:
$350
State Taxes:
Low:
5.35%
|
High:
9.85%
Cost Of Living Index:
86.0
Grocery:
94.1
Housing:
60.2
Utilities:
91.0
Transportation:
88.0
Health Care:
97.5
Miscellaneous:
94.5
Crime
Is Bingham Lake, MN a safe place to live?
Bingham Lake boasts a low violent crime rate, with only 120 incidents per 100,000 residents, making it a safe choice for families and retirees. Property crime is also minimal, with a 1 in 119 chance, offering peace of mind to those considering a move. Overall, the community maintains a secure and welcoming environment.
Violent Crimes Per 100k:
120
Property Crimes Per 100k:
840
Crime Index:
960
Chance Of Violent Crime:
1 in 830
Chance Of Property Crime:
1 in 119
Weather
What is the weather like in Bingham Lake, MN year-round?
Residents experience all four seasons, with cold winters averaging lows of 5°F and warm summers reaching highs around 82°F. The area enjoys about 60% sunny days annually and receives 29.4 inches of rainfall, providing a pleasant climate for outdoor activities. The weather supports a traditional Midwest lifestyle with distinct seasonal changes.

Winter
Min:
5°F
Max:
23°F

Spring
Min:
34°F
Max:
60°F

Summer
Min:
57°F
Max:
82°F

Fall
Min:
33°F
Max:
60°F
Average Rainfall Inches:
29.4 inches
Sunny Days Percentage:
60%
Neighbors
The community features a median household income of $58,400 and a low poverty rate of 8.6%, contributing to its stable and supportive environment. Most residents commute about 20 minutes to work, and public transport usage is minimal, reflecting the rural landscape. High school graduation rates exceed 91%, underscoring a strong commitment to education.
Median Income:
$38,000
Household Income:
$58,400
Family Income:
$65,100
Per Capita Income:
$23,800
Income Male:
$36,500
Income Female:
$32,000
Poverty Rate:
8.6%
Non English Speakers:
2.5%
Rent:
$725
Unemployment Rate:
3.7%
Public Transport Usage:
0.0%
Commute Time:
20.2 minutes

Education
High School or Higher:
91.1%
Bachelors or More:
16.5%
Education
How are the schools in Bingham Lake, MN?
Families benefit from quality public schools such as Jackson County Central High School and Middle School, both offering favorable student-teacher ratios around 13:1. For higher education, Minnesota West Community & Technical College is just 7 miles away, making local options accessible for further studies. The community’s strong educational support helps foster lifelong learning.

Public Schools
Name:
Jackson County Central High School
Street:
1128 North Hwy, Jackson, MN 56143
Phone:
507-847-5310
Students:
410
Student Teacher Ratio:
13.5
Name:
Jackson County Central Middle School
Street:
205 4th Ave NW, Lakefield, MN 56150
Phone:
507-662-6625
Students:
345
Student Teacher Ratio:
13.2

Colleges
Name:
Minnesota West Community & Technical College
City:
Jackson
State:
MN
Distance:
7 miles
Students:
1,500
Healthcare
Healthcare access is reliable, with the Mayo Clinic Health System in Fairmont offering emergency and general medical services nearby. About 93.5% of residents have health insurance coverage, and physician availability stands at 1.4 per 1,000 people. The town's healthcare index of 78.2 suggests generally good access to essential health resources.

Major Hospitals
Name:
Mayo Clinic Health System - Fairmont
Address:
800 Medical Center Dr, Fairmont, MN 56031
Phone:
(507) 238-8500
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.4
Health Insurance Coverage:
93.5%
Health Care Index:
78.2
Housing Market
What is the housing market like in Bingham Lake, MN?
Bingham Lake offers a stable housing market, with a median home price of $93,000 and high owner-occupancy at 81%. Home appreciation has grown by 4.1% in the past year, while rental options remain accessible with average two-bedroom rents at $725. Low foreclosure and vacancy rates reflect a steady and attractive market for buyers and renters alike.
Median Home Price:
$93,000
Average Rent For 2 Bedroom:
$725
Owner Occupied Rate:
81.0%
Rental Vacancy Rate:
7.6%
Home Appreciation Rate (1yr):
4.1%
New Construction Rate:
0.5%
Foreclosure Rate:
0.4%
DMV Information
Residents manage vehicle and licensing needs through the Minnesota Department of Public Safety, located in St. Paul. Services are accessible both in person and online, ensuring convenience for drivers and new residents. For more information, the department’s website offers comprehensive resources and contact details.
State:
Minnesota
Department:
Minnesota Department of Public Safety - Driver and Vehicle Services
Address:
445 Minnesota St, St Paul, MN 55101
Phone:
651-297-2126
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.