Binghamton, NY Cost Of Living

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Updated: 2020-03-08
Binghamton's Overall Cost Of Living
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Binghamton is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Binghamton, NY?

According to the most recent data on the cost of living, Binghamton has an overall cost of living index of 86 which is 0.9x lower than the national index of 100.

Compared to only New York, Binghamton has a cost of living index that's 0.7x lower than New York's index of 117.

The standard of living in Binghamton ranks as #959 most affordable out of the 6522 places we measured in New York. By definition, that implies Binghamton ranks as the #5447 most expensive place in the Empire State.

Binghamton Cost Of Living Vs. New York

Living Expense Binghamton New York National Average
Overall 86 117 100
Services 101 108 100
Groceries 105 108 100
Health 105 101 100
Housing 54 145 100
Transportation 102 102 100
Utilities 79 97 100
For more reading on cost of living around New York, check out:
Binghamton Cost of Living Vs. NY

Binghamton, NY Housing Cost Breakdown

Housing swings affordability the most between places in New York, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Binghamton New York United States
Median Home Value $89,400 $302,200 $204,900
Median Rent $721 $1,240 $1,023
Median Income $31,905 $65,323 $60,293
Home Value To Income 2.8x 4.6x 3.4x
Rent To Monthly Income 0.27x 0.23x 0.2x

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Cost Of Living In Cities Around Binghamton

City Population Cost Of Living Vs. Binghamton
Ithaca, NY 30,568 104 1.2x
Cortland, NY 18,828 87 1.0x
Oneonta, NY 13,834 95 1.1x
Endicott, NY 12,872 86 1.0x
Endwell, NY 11,641 91 1.1x
Norwich, NY 6,813 87 1.0x
South Hill, NY 6,468 103 1.2x
Blakely, PA 6,316 93 1.1x
Sayre, PA 5,491 89 1.0x

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