HomeMinnesotaCottonwood CountyBingham Lake city
Bingham Lake city, Minnesota: commercial real estate data.
Bingham Lake city is a Census city of 95 people across 0.80 square miles of land, in Cottonwood County. Median household income is $88,125, 87.8 percent of occupied homes are owned, and the SBA record carries 3 7(a) approvals to borrowers here worth $742,100.
66 sourced place values · tier FULL · 7 sections
This is a small place, and the figures below carry wide margins.
The American Community Survey reaches Bingham Lake through a sample, not a count, and in a place this size that sample is thin. The population estimate here is 95 with a margin of error of plus or minus 51, which is 53.7 percent of the estimate itself. Every figure whose margin reaches 20 percent is printed with that margin beside it, so you can see the width of each one rather than having to assume it.
Nothing has been removed or adjusted. These are the published federal estimates, shown with the uncertainty the Census publishes alongside them.
Bingham Lake
What Bingham Lake is
- Census place typecity
- Land area0.8 sq mi
- Water area0 sq mi
- Population per square mile of land119 plus or minus 64
- County holding the largest share of its areaCottonwood County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Bingham Lake
How many people live in Bingham Lake
- Population95 plus or minus 51
- Median age44.3 plus or minus 9.8
- Population under 1827 plus or minus 24
- Share under 1828.4 percent plus or minus 19.6
- Population 65 and over13 plus or minus 13
- Share 65 and over13.7 percent plus or minus 11.9
- Households41 plus or minus 15
- Family households24 plus or minus 12
- Share of households that are families58.5 percent plus or minus 19.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Bingham Lake
Income and work in Bingham Lake
- Median household income$88,125 plus or minus $45,880
- Per capita income$36,991 plus or minus $11,929
- Civilian labor force50 plus or minus 26
- Employed47 plus or minus 24
- Unemployed3 plus or minus 5
- Unemployment rate6.0 percent plus or minus 9.5
- Adults 25 and over67 plus or minus 25
- Adults 25 and over with a high school diploma or higher86.6 percent plus or minus 45.0
- Adults 25 and over with a bachelor degree or higher26.9 percent plus or minus 17.7
- Adults 25 and over with a graduate degree6.0 percent plus or minus 17.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Bingham Lake
Housing in Bingham Lake
- Housing units50 plus or minus 20
- Occupied units41 plus or minus 15
- Vacant units9 plus or minus 11
- Vacancy rate18.0 percent plus or minus 20.8
- Owner occupied36 plus or minus 14
- Renter occupied5 plus or minus 5
- Ownership rate87.8 percent
- Median owner-occupied home value$216,700 plus or minus $157,379
- Median gross rent, monthly$917 plus or minus $343
- Annual rent as a share of median income12.5 percent plus or minus 8.0
- Single family units50 plus or minus 20
- Share single family100.0 percent
- Units in buildings of two or more0
- Share in buildings of two or more0.0 percent
- Mobile homes0
- Median year structure built1938
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Bingham Lake
How Bingham Lake gets to work
- Workers 16 and over who commute43 plus or minus 20
- Commuting under 15 minutes23 plus or minus 12
- Share commuting under 15 minutes53.5 percent plus or minus 12.2
- Commuting 30 minutes or more10 plus or minus 14
- Share commuting 30 minutes or more23.3 percent plus or minus 31.4
- Drove alone78.7 percent
- Carpooled12.8 percent plus or minus 11.0
- Public transport0.0 percent
- Walked0.0 percent
- Worked from home8.5 percent plus or minus 14.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Bingham Lake
SBA 7(a) lending to Bingham Lake borrowers
- Approvals3
- Gross approval$742,100
- Average approval$247,367
- Median approval$150,000
- Ninetieth percentile approval$500,000
- Largest approval$500,000
- Jobs supported46
- Jobs per approval15.3
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Cottonwood County, not Bingham Lake
Cottonwood County context, not Bingham Lake figures
These are Cottonwood County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Bingham Lake measurements.
- Establishments in Cottonwood County325
- Employment at those establishments, Cottonwood County5,046
- Covered employment, Cottonwood County4,847
- Average annual pay, Cottonwood County$49,092
- Average weekly wage, Cottonwood County$944
- Housing units permitted, Cottonwood County8
- Of those, single family, Cottonwood County8
- County product, 2024, Cottonwood County$865,084,000
- County product change over the prior year, Cottonwood County4.5 percent
- Average income of an arriving household, Cottonwood County$45,638
Every figure in this section is published for Cottonwood County as a whole and is not a measurement of Bingham Lake. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Bingham Lake questions, answered from the record.
How many people live in Bingham Lake, Minnesota?
95, in 41 households. Bingham Lake city covers 0.80 square miles of land, which is 119 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Bingham Lake in?
Cottonwood County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Bingham Lake?
$88,125. The median owner-occupied home is valued at $216,700. Median gross rent is $917 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Bingham Lake businesses?
3 7(a) approvals totalling $742,100, across 2 lenders, median approval $150,000. These count approvals to borrowers whose address is in Bingham Lake, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Bingham Lake borrowers get paid back?
No rate is published for Bingham Lake. only 0 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Bingham Lake figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Cottonwood County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Bingham Lake.
Is zoning published for Bingham Lake?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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