Living in Binghamton, New York
Cost of living, income, home prices, rent and demographics of Binghamton · Census data 2020–2024
Binghamton has 47,151 residents with a median age of 35.9. The median household income is $45,578 (47% lower than the New York median), the median home value is $124,800, the median rent is $870/month.
Binghamton at a glance
- Population
- 47,151
- Median age
- 35.9State: 39.8
- Median household income
- $45,578State: $85,974
- Median home value
- $124,800State: $423,800
- Median rent
- $870/moState: $1,621
- Homeowners
- 44%
- Bachelor's degree or higher
- 30.7%
- Average commute
- 19 min
Is Binghamton a good place to live?
Pros: Home values 71% lower than the state median; an average commute of 19 minutes.
Cons: Median household income 47% lower than the New York median; unemployment of 10.2%; a poverty rate of 32.6%.
The weather is best in June to September.
Cost of living in Binghamton
Housing is the biggest part of the cost of living. In Binghamton the median home value is $124,800, 62% lower than the U.S. median. Renters pay a median of $870 per month, which is 31% of household income. Homeowners with a mortgage pay $1,301 a month in housing costs.
Binghamton median household income
The median household income in Binghamton is $45,578 and the income per person is $30,320. 32.6% of residents live below the poverty line (New York: 14%).
Housing in Binghamton: homes for sale and rent
- Housing units
- 25,457
- Owner-occupied
- 44%
- Renter-occupied
- 56%
- Vacant
- 16%Includes seasonal homes
- Median year built
- 1945
- Average household size
- 2.13
Binghamton demographics
- Population
- 47,151
- Median age
- 35.9
- Under 18
- 16.9%
- 65 and older
- 18%
- Households
- 21,393
- Foreign-born
- 11.7%
- Veterans
- 3.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Binghamton ›
Education in Binghamton
30.7% of adults 25 and older in Binghamton have a bachelor's degree or higher (New York: 40.2%), and 15% have a graduate or professional degree.
Jobs and commute in Binghamton
- Unemployment rate
- 10.2%State: 6.4%
- Average commute
- 19 minState: 33 min
- Work from home
- 9.3%
- Drive alone
- 61.7%
- Public transit
- 7.6%
- Walk to work
- 7%
- Homes with broadband
- 87.6%
Binghamton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Binghamton | 47,151 | $45,578 | $124,800 | $870 |
| Port Dickinson | 1,635 | $69,375 | $142,800 | $898 |
| Johnson City | 14,940 | $56,283 | $117,100 | $1,031 |
| Chenango Bridge | 3,116 | $96,250 | $168,200 | $1,134 |
| Endwell | 11,546 | $82,726 | $173,300 | $919 |
| Endicott | 13,387 | $47,290 | $121,800 | $853 |
| Liberty | 1,137 | $73,077 | $229,900 | $1,125 |
| Laurel Lake | 144 | $101,500 | $189,600 | — |
| Silver Lake | 1,691 | $87,083 | $280,200 | $978 |
More for people moving to Binghamton
Binghamton ZIP code ›Weather and climate ›Living in Binghamton: FAQ
What is the median household income in Binghamton, NY?
The median household income in Binghamton is $45,578, 47% lower than the New York median of $85,974 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Binghamton?
The median home value in Binghamton is $124,800, compared with $423,800 in New York.
How much is rent in Binghamton?
The median gross rent in Binghamton is $870 per month, about 31% of household income.
Is Binghamton, NY a good place to live?
Pluses: home values 71% lower than the state median; an average commute of 19 minutes. Minuses: median household income 47% lower than the New York median; unemployment of 10.2%; a poverty rate of 32.6%.
What is the median age in Binghamton?
The median age in Binghamton is 35.9 years (New York: 39.8).
How long is the commute in Binghamton?
The average commute to work in Binghamton is 19 minutes; 9.3% of workers work from home.
What is the unemployment rate in Binghamton?
The unemployment rate in Binghamton is 10.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Binghamton?
30.7% of adults in Binghamton have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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