What is the median household income in Bingham Farms, MI?

The median household income in Bingham Farms, MI is $244,618 (±$12,442) a year (2020–2024 American Community Survey).

In Bingham Farms, the median household income went from $131,071 in 2015–2019 to $244,618 in 2020–2024 (+86.6%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on .

Median household income
$244,618 (±$12,442)
Median renter income
$56,071 (±$15,040)

Income in Bingham Farms against Oakland County, its state and the nation

Income, estimate (90% margin of error)
Bingham FarmsOakland CountyMichiganUnited States
Median household income$244,618 (±$12,442)$97,760 (±$1,268)$72,875 (±$293)$80,734
Median renter household income$56,071 (±$15,040)$59,047 (±$1,564)$42,352 (±$376)$52,966
Median owner household income$245,938 (±$19,485)$118,600 (±$1,461)$87,130 (±$344)$100,009
Median gross rent$3,500 or more$1,376 (±$14)$1,129 (±$4)$1,413

In Bingham Farms, median household income is higher than in Oakland County ($97,760).

It is also higher than in Michigan ($72,875).

It is higher than the national figure ($80,734).

In Oakland County, Bingham Farms ranks 1 of 10 places with a published estimate, from highest to lowest median household income.

Statewide, it ranks 2 of 252.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Income against housing costs since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median household income$131,071 (±$22,358)$244,618 (±$12,442)+86.6%Up after inflation
Median home value$415,000 (±$34,067)$580,500 (±$76,643)+39.9%No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median household income in places near Bingham Farms

Nearest places with a published estimate, compared with Bingham Farms
PlaceDistanceMedian household incomeCompared with this place
Bingham Farms—$244,618 (±$12,442)—
Franklin1.3 mi$194,079 (±$33,148)Lower
Beverly Hills1.9 mi$177,412 (±$17,480)Lower
Southfield3.1 mi$68,166 (±$2,471)Lower
Lathrup Village3.1 mi$109,893 (±$22,823)Lower
Birmingham3.6 mi$153,510 (±$14,199)Lower
Bloomfield Charter Township4.2 mi$162,788 (±$6,994)Lower
Bloomfield Hills4.7 mi$189,942 (±$29,576)Lower
Berkley4.9 mi$116,239 (±$10,989)Lower

Nearby places with a measurably lower figure: Franklin, MI ($194,079), Beverly Hills, MI ($177,412), Southfield, MI ($68,166).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median household income across Oakland County, place by place

RankPlaceMedian household income
1Bingham Farms$244,618 (±$12,442)
2Franklin$194,079 (±$33,148)
3Beverly Hills$177,412 (±$17,480)
4Milford$105,713 (±$6,704)
5Lake Orion$101,318 (±$20,746)
6Ortonville$98,839 (±$18,342)
7Wolverine Lake$92,247 (±$8,604)

Showing 7 of 10 places in Oakland County, ranked from highest to lowest.

Bingham Farms lies inside Southfield Township, whose figures include it, so it is ranked only against places like it.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Bingham Farms

What is the median household income in Bingham Farms?

The median household income in Bingham Farms is $244,618 (±$12,442) a year (2020–2024 American Community Survey).

Have incomes in Bingham Farms kept up with inflation?

In Bingham Farms, the median household income went from $131,071 in 2015–2019 to $244,618 in 2020–2024 (+86.6%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

What do renters earn in Bingham Farms?

The median renting household in Bingham Farms, MI earns $56,071 (±$15,040) a year.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Bingham Farms village, Michigan (place:08460, in state:26).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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