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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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