Businesses for Sale | Bingham Farms, Michigan
Discover business opportunities, in or around Bingham Farms, with well-established brands, who are looking for people like you to help them grow.
As of the 2024 ACH Map Data, Bingham Farms, located in The Great Lakes State had a total population of 1,085 people.
City Statistics and Other Information About Bingham Farms
Demographics
From a total population of 1,085, Bingham Farms has a median age of 58. The average age of males, in Bingham Farms, is 57 while the average age of females is 59. When you compare the median age of men and women in Bingham Farms, there is an average difference of 1.78 years.
Income
The median income of individuals, in Bingham Farms, is $122,128 while the average household income is $199,205. In 2029, the average income per capita for Bingham Farms is expected to be $122,128.
Additional Information
Oakland CountyIs Bingham Farms the Best Location for Franchise Opportunities and Growth?
What is the average income in Bingham Farms?
The median household income in Bingham Farms is $199,205, providing insight into the financial conditions of local residents and their ability to support businesses.
Is Bingham Farms an affordable place to start a franchise?
With a median income of $199,205, Bingham Farms presents an opportunity for businesses that cater to cost-conscious consumers, making it a strong market for affordable and essential services.
How does Bingham Farms's income compare to other locations?
The median income of $199,205 in Bingham Farms is above the national median income of $80,610, influencing local consumer spending habits and franchise potential.
Does Bingham Farms have a stable workforce to support my business?
Absolutely! With 198 employed individuals, Bingham Farms offers a solid labor force to support franchise growth.
Is Bingham Farms a growing economy?
With a workforce of 198 and a median household income of $199,205, Bingham Farms provides a stable economic environment for new business opportunities.
Does homeownership in Bingham Farms indicate a stable market?
Homeownership rates at 430 show a strong local investment in the community, which benefits long-term franchise success.
