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Bingham, ME Profile: Facts & Data

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Bingham, Maine - Basic Facts

The Bingham CDP(1) had a population of 695 as of July 1, 2024.

The primary coordinate point for Bingham is located at latitude 45.0587 and longitude -69.8823 in Somerset County. The formal boundaries for the Bingham Census Designated Place encompass a land area of 2.27 sq. miles and a water area of 0 sq. miles. Somerset County is in the Eastern time zone (GMT -5).

The Bingham Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Bingham Census Designated Place is located within Town of Bingham, a minor civil division (MCD) of Somerset County.


  1. A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Jump to... (On This Page!)
  1. Bingham 2024 Demographic Data
  2. Growth Rates for Bingham (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Maine Research Tools (Easy Tools & Current Data)
  3. Maine Data Comparison Tool - 2024 Demographics
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Bingham, ME Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 695 (100%)
Population in Households 664 (95.5%)
Population in Families 484 (69.6%)
Population in Group Quarters1 31 ( 4.5%)
Population Density 308
Diversity Index2 20
 
 

INCOME

Median Household Income $41,714
Average Household Income $61,605
% of Income for Mortgage4 15%
Per Capita Income $27,102
Wealth Index5 61
Socioeconomic Status Index6 Moderate (48.9)
 

HOUSING

Total HU (Housing Units) 423 (100%)
Owner Occupied HU 229 (54.1%)
Renter Occupied HU 76 (18.0%)
Vacant Housing Units 118 (27.9%)
Median Home Value $96,930
Average Home Value $127,620
Housing Affordability Index3 163
 

HOUSEHOLDS

Total Households 305
Average Household Size 2.18
Family Households 179
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

 2020-2024 2024-2029
Population -0.70% -0.23%
Households -0.08% -0.07%
Families   -1.38%
Median Household Income   3.13%
Per Capita Income   3.07%
Owner Occupied HU   0.77%

Bingham, ME - Peer Comparisons by Rank and Percentile

The table below compares Bingham to the other 155 incorporated cities, towns and CDPs in Maine by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 126 19th
Population Density # 109 30th
Median Household Income # 143 8th
Housing Affordability Index # 145 94th
Per Capita Income # 143 8th
Diversity Index # 64 59th

Additional comparisons and rankings can be made with a VERY EASY TO USE Maine Census Data Comparison Tool.

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