Broome County · New York · Northeast · 47k residents
Binghamton, NY: economy, jobs & business costs
The site-selection read on Binghamton: labor costs, talent, corporate tax, energy, and business activity, with the New York median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,227/wk. New York's corporate income tax rate is 7.25%. Commercial electricity averages 18.8¢/kWh.
Compare Binghamton side by side
Avg. weekly wage
$1,227/wk
Corporate income tax
7.25%
Bachelor's degree or higher
30.7%
Commercial electricity
18.8¢/kWh
Economic momentum
How fast Binghamton's economy is moving, ranked against the US cities we track.
65/100
Steady
Ranks Binghamton's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $124,800 |
| Price per sq. ft. | $300 |
| Property tax rate | 1.6% |
| 1-bedroom rent | $690/mo |
| 2-bedroom rent | $960/mo |
| State & local income tax | 4.07% |
| Sales tax | 8.5% |
| Corporate income tax | 7.25% |
| Avg. weekly wage | $1,227/wk |
| Bachelor's degree or higher | 30.7% |
| Commercial electricity | 18.8¢/kWh |
| Businesses per 1k residents | 22.5/1k |
| Wage: Software developer | $128,460 |
| Wage: Registered nurse | $101,720 |
| Wage: General manager | $96,420 |
| Wage: Customer service | $45,280 |
| Wage: Warehouse worker | $38,310 |
| Wage: Heavy truck driver | $58,730 |
| Wage: Electrician | $76,670 |
| Wage: Retail salesperson | $34,460 |
| Cost of living index | 87 |
| Groceries index | 108 |
| Utilities | $190/mo |
| Transit pass | $127/mo |
| Gas price | $3.50/gal |
| Healthcare index | 105 |
| Childcare (per child) | $1,400/mo |
| Median household income | $45,578 |
| Unemployment rate | 4.3% |
| Population | 47k |
| Crime index | 40/100 |
| School rating | 6.5/10 |
| Walkability | 30/100 |
| Disaster risk | 88/100 |
| Avg. commute | 33 min |
| Sunny days / year | 180 days |
| July high | 78°F |
| January low | 16°F |
| Annual snowfall | 87 in |
| Home price YoY | +4.7% |
| Home price MoM | +0.3% |
| Rent YoY | +10.0% |
| Rent MoM | -1.3% |
| Employment (jobs) YoY | +1.0% |
| Building permits YoY | 0.0% |
| Ocean coast | 144 mi |
| Big lake | 97 mi |
| Mountains | 77 mi |
| Major airport | 68 mi |
| Ski resort | 34 mi |
Popular comparisons
Nearby
- Cortland, NY · 17k
- Ithaca, NY · 33k
- Elmira, NY · 26k
- Oneonta, NY · 15k
- Syracuse, NY · 146k
Similar size
- Niagara Falls, NY · 48k
- West Seneca, NY · 45k
- Freeport, NY · 44k
- Hicksville, NY · 44k
- Irondequoit, NY · 51k
Real listings in Binghamton
LoopNet ↗Crexi ↗CommercialCafe ↗
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- Is Binghamton a good place to run a business?
- New York's corporate income tax rate is 7.25%; average weekly wages in the surrounding labor market run $1,227/wk; commercial electricity averages 18.8¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Binghamton, NY?
- Binghamton indexes at 87 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $960/mo and a acs median home value of $124,800.
- How much does a house cost in Binghamton?
- The acs median home value in Binghamton is $124,800 (Census ACS estimate; individual listings vary).
- How much is rent in Binghamton?
- A two-bedroom in Binghamton rents for about $960/mo.