Bingham Farms, MI
1,680Residents
$244,618Median household income
$3,501/moMedian gross rent
$580,500Median home value
66.5Median age
69%Adults with a bachelor’s degree or higher
97%Homes lived in by their owners
2.4×Home value to household income
Median rent takes about 17% of the median household income in Bingham Farms.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $140,000 a year. In Michigan that leaves roughly $8,417 a month after tax. See the full paycheck breakdown for $140,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.