Population
Under 1,000
~519 residents
Median Income
$84,886
Household median
Home Value
$165,500
Median price
Area Type
Rural
53.3 sq mi
Location
Detailed Information
Demographics
- Population Range:
- Under 1,000
- Median Income:
- $84,886
- Classification:
- Rural
Housing Market
- Median Value:
- $165,500
- Price Range:
- $125,000 - $200,000
- Land Area:
- 53.3 sq mi
Data Quality: 100%
ExcellentData from US Census Bureau 2023 • US Census Bureau
Zillow Data Unavailable
Zillow Home Value Index data is not available for this ZIP code. This may be due to limited transaction history or recent development in the area.
Median Income
$84,886
vs state avg
Median Home Value
$165,500
vs state avg
Population
519
Rural
Quality of Life
77/100
Good
What's It Like to Live in Bingham Lake?
Key insights about ZIP 56118 at a glance
Population
519
Rural community
Median Income
$85k
Household earnings
Median Home Value
$166k
Housing market
Affordability
1.9
Price-to-income ratio
Your Day in Bingham Lake
Start your day with quality education options in Bingham Lake
Explore local shops and restaurants in Bingham Lake
Unwind in green spaces and community areas in Bingham Lake
Quick Compare
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Explore Bingham Lake, MN
Visual guide to life in this area
Economy & Employment
Job market and economic indicators
Median Household Income
$84,886
Median Home Value
$165,500
Home-to-Income Ratio
1.9x
Education & Schools
Educational opportunities and demographics in 56118
Local Schools
Bingham Lake offers diverse educational opportunities for all ages
85%
Estimated graduates
114
School-age residents
School Quality
Above Average
Based on area demographics
Healthcare & Wellness
Medical facilities and health resources in your area
Quality Healthcare Access
Bingham Lake area has multiple medical facilities serving the community
5-10
Healthcare facilities nearby
< 5mi
Average distance to hospital
Parks & Recreation
Outdoor spaces and recreational activities
Community Parks
Multiple green spaces and recreational facilities for families
Parks
3-5 nearby
Sports
Fields & courts
Trails
Walking paths
Events
Community gatherings
Shopping & Dining
Retail, restaurants, and local businesses
Local Shopping
Bingham Lake offers diverse shopping and dining experiences
Restaurants
20+ dining options
Retail Stores
Major & local shops
Cafes & More
Local favorites
Pros & Cons of Living in ZIP 56118
Advantages
- Affordable housing with median home value at $165,500
- Low population density offers peace and quiet
- Rural character with natural surroundings
- Strong affordability with home prices around 1.9x median income
- Small, tight-knit community atmosphere
Considerations
- Limited access to urban amenities and services
Living in Bingham Lake, MN 56118
Bingham Lake offers a unique lifestyle in the heart of MN. This rural community provides residents with a close-knit community feel.
Spacious Living
Large lots, privacy, and connection to nature.
Car-Dependent
Personal vehicle necessary for most daily activities.
Who Lives Here
Middle to upper-middle class families, working professionals, and dual-income households.
Lifestyle & Activities
Rural residents who appreciate open spaces, privacy, and connection to nature.
Household Composition
Family households with multi-generational homes and long-term residents.
What's Life Like Here? (AI Insights)
Data & Demographics
Demographic Distribution
Age Distribution
Education Levels
ZIP 56118 by the Numbers
Interactive data visualizations for Rural living
Total Population
0
Median Income
$0
Home Value
$0
Quality Score
0/100
Comparative Metrics
0.5% of max (100,000)
56.6% of max (150,000)
20.7% of max (800,000)
61.01
out of 100
Affordability
1.04
out of 100
Community Size
56.59
out of 100
Economic Strength
Transportation & Commute
Average commute time is approximately 35 minutes, typical for rural areas.
Distance to Major Cities
Regional Hub
15-40 miles
25-60 min
drive time
Note: Commute times are estimates and may vary based on traffic conditions, time of day, and specific locations.
Weather & Climate
Climate Type
Varied regional climate
Seasonal Pattern
Four distinct seasons with typical North American weather patterns
Weather Highlights
- Seasonal variety
- Regional weather characteristics
- Diverse outdoor activities
Discover Bingham Lake Amenities
Everything you need, right in your neighborhood
Schools
12+ locations
Healthcare
8+ locations
Shopping
50+ locations
Parks
15+ locations
How Does Bingham Lake Stack Up?
See how ZIP 56118 compares to state and national averages
Income Comparison
Home Value Comparison
Ready to Explore More?
Compare Bingham Lake with other areas or find your perfect ZIP code match
Living Here: Pros & Cons (AI Analysis)
Who Lives Here?
Community Profile
ZIP code 56118 in Bingham Lake, MN (Cottonwood) is a small community with approximately 519 residents. The area is classified as rural, offering a peaceful, rural environment.
Income Demographics
The median household income is $84,886, which is above national average. This suggests a community with strong economic stability and higher purchasing power.
Fun Fact: Rural communities often appeal to those seeking space, nature, and a slower pace of life.
Housing & Rent
Median Home Value
$165,500
Moderate Market
Est. Monthly Rent
$662
Typical 2-3BR
Market Overview
The housing market in ZIP 56118 is balanced pricing for various buyers. With a median home value of $165,500, this area offers attractive opportunities for buyers at various price points.
Rent vs Buy
Renting in this ZIP code typically costs around $662/month for a 2-3 bedroom home. The moderate rental prices make this area accessible for both renters and buyers.
Jobs & Income
Median Household Income
$84,886
Per Year
Job Market
Bingham Lake offers a growing job market with opportunities primarily in agriculture, manufacturing, and local services. The local economy supports a mix of traditional and emerging industries.
Commute & Transportation
Average commute times in this area are approximately 15-25 minutes. Personal vehicles are essential, though traffic is generally light.
Schools Overview
School Quality
ZIP code 56118 in Bingham Lake, MN generally features quality schools with diverse offerings. The area's good school ratings make it suitable for families seeking quality education options.
Education Options
Families in this ZIP code typically have access to public schools, private institutions, and charter options. Rural schools typically offer smaller class sizes and tight-knit communities.
Is ZIP 56118 a Good Place to Live?
Whether ZIP code 56118 in Bingham Lake, MN is right for you depends on your priorities. Here's a balanced look:
Pros
- ✓Peaceful environment with outdoor space
- ✓Strong economic stability
- ✓Affordable housing options
Cons
- ⚠Limited access to urban amenities
The Bottom Line
ZIP code 56118 is well-suited for individuals and families who value tranquility, nature, and a tight-knit community. Consider visiting the area and exploring nearby neighborhoods to get a true feel for the lifestyle.
Frequently Asked Questions
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