Living in Bingham, Maine
Cost of living, income, home prices, rent and demographics of Bingham · Census data 2020–2024
Bingham has 660 residents with a median age of 56. The median household income is $42,708 (43% lower than the Maine median), the median home value is $103,000, the median rent is $354/month.
Bingham is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Bingham at a glance
- Population
- 660
- Median age
- 56State: 44.8
- Median household income
- $42,708State: $74,733
- Median home value
- $103,000State: $296,600
- Median rent
- $354/moState: $1,139
- Homeowners
- 85.9%
- Bachelor's degree or higher
- 22.6%
- Average commute
- 28 min
Is Bingham a good place to live?
Pros: Home values 65% lower than the state median.
Cons: Median household income 43% lower than the Maine median; an average commute of 28 minutes; unemployment of 7.7%; a poverty rate of 16.1%.
The weather is best in June to September.
Cost of living in Bingham
Housing is the biggest part of the cost of living. In Bingham the median home value is $103,000, 69% lower than the U.S. median. Renters pay a median of $354 per month, which is 25.4% of household income. Homeowners with a mortgage pay $1,020 a month in housing costs.
Bingham median household income
The median household income in Bingham is $42,708 and the income per person is $26,723. 16.1% of residents live below the poverty line (Maine: 10.7%).
Housing in Bingham: homes for sale and rent
- Housing units
- 499
- Owner-occupied
- 85.9%
- Renter-occupied
- 14.1%
- Vacant
- 35.9%Includes seasonal homes
- Median year built
- 1952
- Average household size
- 2.00
35.9% of homes are vacant most of the year, a sign that Bingham has many vacation and second homes.
Bingham demographics
- Population
- 660
- Median age
- 56
- Under 18
- 15.6%
- 65 and older
- 38.3%
- Households
- 320
- Foreign-born
- 0%
- Veterans
- 15.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Bingham ›
Education in Bingham
22.6% of adults 25 and older in Bingham have a bachelor's degree or higher (Maine: 36.2%), and 7.2% have a graduate or professional degree.
Jobs and commute in Bingham
- Unemployment rate
- 7.7%State: 3.8%
- Average commute
- 28 minState: 25 min
- Work from home
- 8.8%
- Drive alone
- 87.9%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 80.9%
Bingham vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Bingham | 660 | $42,708 | $103,000 | $354 |
| Solon | 963 | $69,205 | $183,600 | $915 |
| Athens | 791 | $50,750 | $153,100 | $538 |
| Moscow | 865 | $45,526 | $153,800 | — |
| Embden | 995 | $56,875 | $173,400 | — |
| North Anson | 445 | $60,298 | $143,200 | — |
| Wellington | 161 | $44,519 | $133,700 | — |
| Cornville | 1,419 | $79,926 | $167,400 | $1,366 |
| Madison | 4,782 | $61,747 | $187,600 | $906 |
More for people moving to Bingham
Bingham ZIP code ›Weather and climate ›Living in Bingham: FAQ
What is the median household income in Bingham, ME?
The median household income in Bingham is $42,708, 43% lower than the Maine median of $74,733 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Bingham?
The median home value in Bingham is $103,000, compared with $296,600 in Maine.
How much is rent in Bingham?
The median gross rent in Bingham is $354 per month, about 25.4% of household income.
Is Bingham, ME a good place to live?
Pluses: home values 65% lower than the state median. Minuses: median household income 43% lower than the Maine median; an average commute of 28 minutes; unemployment of 7.7%; a poverty rate of 16.1%.
What is the median age in Bingham?
The median age in Bingham is 56 years (Maine: 44.8).
How long is the commute in Bingham?
The average commute to work in Bingham is 28 minutes; 8.8% of workers work from home.
What is the unemployment rate in Bingham?
The unemployment rate in Bingham is 7.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Bingham?
22.6% of adults in Bingham have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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