Bingham Lake, MN · standard
ZIP Code 56118
Cottonwood County, Minnesota - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 421
- 3/sq mi Low-density area
- $91,250
- Median income Above-median income area
- $259,600
- Median home value Near-median home value
- 21.2%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
Bingham Lake pairs an above-median household income with above-median home values, in a rural, homeowner-dominated area.
- Top 26%
- household income, US ZIPs
- Top 41%
- home value, US ZIPs
- 3
- people per sq mi
- 96%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 56118 against every reporting US ZIP.
ZIP code 56118 is a sparsely populated ZIP (a standard USPS delivery area) in Bingham Lake, Cottonwood County, Minnesota, home to just 421 residents across 135.8 square miles, a density of 3 people per square mile, in the Chicago time zone.
ZIP 56118 lands in the middle-income range, with a median household income of $91,250 (11% above the average Minnesota ZIP), while per-capita income is $41,949. The poverty rate is 8.8%, with unemployment at 1.1%; those measures add context to the income figure. Median home value is $259,600 (2% above the average Minnesota ZIP) and median rent is $933; 95.8% of occupied homes are owner-occupied.
Educational attainment sits below the national norm: 21.2% of adults hold a bachelor's degree or higher, the median age is 51.2, and the average commute is -. The page also surfaces 3 ZIP codes within roughly 10 miles and 5 more in Cottonwood County, so 56118 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 56118, Bingham Lake, MN · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
421
Population
135.8
Area (sq mi)
3
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 56118?
51.2
Median Age
54.7%
Male
45.3%
Female
0.4%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$91,250
Median Household Income
+11% vs state ZIP avg
$41,949
Per Capita Income
8.8%
Poverty Rate
1.1%
Unemployment Rate
How ZIP 56118 ranks among Minnesota ZIPs
Bingham Lake, MN household income vs. every Minnesota ZIP code
Median household income among 864 reporting Minnesota ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$91,250 Top 28% higher than 72% of 864 Minnesota ZIPs
Each bar is a $20K-wide band; taller bars hold more Minnesota ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
208housing units
208
Total Housing Units
189
Occupied Units
19
Vacant Units
2.42
Avg Household Size
Occupancy Type
$259,600
Median Home Value
+2% vs state ZIP avg
$933
Median Rent
1949
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What businesses operate in this ZIP?
Census Bureau data shows 6 business establishments in ZIP 56118, employing approximately 99 people with a combined annual payroll of $7,322,000.
6
Businesses
99
Employees
$7.3M
Annual Payroll
0
Industry Sectors
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 56118 vs 56159 →
ZIP 56118 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 56101
Windom (56101)
5,867 residents
- 56159
Mountain Lake (56159)
2,928 residents
- 56145 622
Jeffers (56145)
622 residents
- 56118 421
Bingham Lake (56118)
421 residents
What this shows Among its immediate neighbors, ZIP 56118 ranks #4 by population - useful context the national average alone can't give.
ZIP 56118 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 56118
Bingham Lake (56118)
$91,250 median income
- 56101
Windom (56101)
$77,083 median income
- 56159
Mountain Lake (56159)
$71,648 median income
- 56145
Jeffers (56145)
$58,750 median income
What this shows By household income, ZIP 56118 ranks the highest of 4 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 56118, both outside MN so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Cottonwood County
Related Areas
Frequently Asked Questions
What county is ZIP code 56118 in?
ZIP code 56118 (Bingham Lake) is located in Cottonwood County, Minnesota. Cottonwood County contains multiple ZIP codes, see the full list at /counties/cottonwood-mn.
What is the population of ZIP code 56118?
ZIP code 56118 in Bingham Lake, MN has a population of 421 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 56118?
The median household income in ZIP 56118 is $91,250, which is 20% above the national average of $76,288.
What is the average home value in ZIP 56118?
The median home value in ZIP 56118 is $259,600, which is 7% below the national average of $278,155.
What is the demographic makeup of ZIP 56118?
The largest racial group in ZIP 56118 is White at 96.9%. Hispanic or Latino residents make up 0.2% of the population.
How many businesses are in ZIP code 56118?
ZIP code 56118 has 6 business establishments employing approximately 99 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What is the education level in ZIP code 56118?
In ZIP code 56118, 64.1% of residents aged 25+ have a high school diploma or higher, and 21.2% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What percentage of residents own vs. rent in ZIP 56118?
In ZIP code 56118, approximately 95.8% of occupied housing units are owner-occupied and 4.2% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 56118?
The poverty rate in ZIP code 56118 is 8.8% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 56118's numbers, next.
- See how ZIP 56118 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Bingham Lake, MN ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.