ZIP Code 56118 — Bingham lake, MN

Cottonwood | 2024 Census Data

Key Takeaway

ZIP code 56118 in Bingham lake, MN has a population of 457 with a median household income of $91,250 and a median home value of $259,600 . The cost of living index is 86.7 (national average = 100).

Population & Age

Total Population
457
Median Age
51.20
Male
250
Female
207

Race & Ethnicity

White
96.9%
Black
0.7%
Hispanic
0.2%
Asian
0.0%
Native American
0.0%
Pacific Islander
1.3%
Two or More
0.9%
Other
0.2%

Income

Median Household
$91,250
Mean Household
$102,402
Per Capita
$41,949
Below Poverty
8.8%

Housing

Median Home Value
$259,600
Median Rent
$933
Total Units
208
Occupied
189
Owner Occupied
95.8%
Renter Occupied
4.2%
Median Year Built
1949
Vacant
19

Education

High School or Higher 96.6%
Bachelor's or Higher 21.2%
Graduate Degree 6.8%

Employment & Commuting

Labor Force
265
Unemployment
1.1%
Drive Alone
77.5%
Public Transit
0.0%
Work from Home
17.9%
Avg Commute
N/A

Cost of Living Index

86.7
National average = 100. Below average by 13.3%.

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Frequently Asked Questions

What is the population of ZIP code 56118?

ZIP code 56118 (Bingham lake, MN) has a total population of 457 according to the 2024 American Community Survey.

What is the median household income in ZIP code 56118?

The median household income in ZIP code 56118 is $91,250 per year, based on 2024 Census Bureau data.

What city is ZIP code 56118 in?

ZIP code 56118 is primarily located in Bingham lake, Minnesota (MN).

What is the median home value in ZIP code 56118?

The median home value in ZIP code 56118 is $259,600, based on the 2024 American Community Survey 5-year estimates.

What is the median age in ZIP code 56118?

The median age in ZIP code 56118 is 51.20 years, compared to the national median of 38.9 years.