Cost of Living in Binghamton, NY
Binghamton, NY — prices, rents and what jobs really pay here after taxes.
Price level
92.9
U.S. average = 100 · #214 of 387
Median wage
$49,460
all jobs · $3,321/mo take-home
1-bedroom rent
$868
HUD fair market rent
Salary comparison calculator
What would you need to earn in Binghamton, NY to keep the same lifestyle — after taxes — as in another city?
Salary needed to keep your lifestyle
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Prices in Binghamton, NY vs. the U.S. average
| Category | Index (U.S. = 100) | Difference |
|---|---|---|
| All items | 92.9 | −7.1% |
| Housing | 69.7 | −30.3% |
| Goods | 99.7 | −0.3% |
| Utilities | 131.6 | +31.6% |
| Other services | 97.8 | −2.2% |
Source: BEA Regional Price Parities, 2024.
Rent in Binghamton, NY
| Unit | Monthly rent | Income needed (30% rule) |
|---|---|---|
| Studio | $783 | $31,320/yr |
| 1 bedroom | $868 | $34,720/yr |
| 2 bedrooms | $1,103 | $44,120/yr |
| 3 bedrooms | $1,412 | $56,480/yr |
| 4 bedrooms | $1,622 | $64,880/yr |
HUD Fair Market Rents, FY2026, population-weighted across the metro's counties.
Take-home pay in Binghamton, NY
Your take-home pay
$39,847
per year · effective tax rate 19.4%
$3,321Monthly
$1,660Twice a month
$1,533Every 2 weeks
$19.16Hourly
- Federal income tax$3,755
- Social Security (6.2%)$3,067
- Medicare (1.45%)$717
- New York income tax$2,074
- Take-home pay$39,847
Marginal rate: 12% federal + 5.40% state
Highest-paying jobs in Binghamton, NY
*In U.S.-average dollars after adjusting for local prices.
Frequently asked questions
Is Binghamton, NY expensive to live in?
According to the Bureau of Economic Analysis, overall prices in the Binghamton, NY metro area are 92.9% of the U.S. average, with housing at 69.7%. It is the #214 most expensive of 387 metro areas we track.
What salary do you need to live in Binghamton, NY?
To match the buying power of a $60,000 salary in an average-priced U.S. city you would need about $55,718 in Binghamton, NY (before tax differences). The median wage across all jobs here is $49,460.
How much is rent in Binghamton, NY?
HUD’s FY2026 fair market rents for Binghamton, NY are $783 for a studio, $868 for one bedroom, $1,103 for two bedrooms and $1,412 for three bedrooms, including utilities.
All salaries in Binghamton, NY
Management Occupations
- General and Operations Manager — $96,420
Business and Financial Operations Occupations
- Project Management Specialist — $106,580
- Accountant and Auditor — $82,500
Computer and Mathematical Occupations
- Software Developer — $128,460
Community and Social Service Occupations
- Social and Human Service Assistant — $43,550
Educational Instruction and Library Occupations
- Elementary School Teachers, Except Special Education — $76,540
- Middle School Teachers, Except Special and Career/Technical Education — $76,290
- Secondary School Teachers, Except Special and Career/Technical Education — $74,970
- Substitute Teachers, Short-Term — $39,860
- Teaching Assistants, Except Postsecondary — $35,190
Healthcare Practitioners and Technical Occupations
- Registered Nurse — $101,720
- Licensed Practical and Licensed Vocational Nurse — $62,490
Healthcare Support Occupations
- Nursing Assistant — $44,410
- Home Health and Personal Care Aide — $38,210
Protective Service Occupations
- Security Guard — $42,070
Food Preparation and Serving Related Occupations
- Bartender — $47,950
- Waiter and Waitress — $46,600
- First-Line Supervisor of Food Preparation and Serving Workers — $42,070
- Cooks, Restaurant — $37,530
- Food Preparation Worker — $35,370
- Fast Food and Counter Worker — $33,280
- Dining Room and Cafeteria Attendant and Bartender Helper — $32,980
Building and Grounds Cleaning and Maintenance Occupations
- Landscaping and Groundskeeping Worker — $38,140
- Janitors and Cleaners, Except Maids and Housekeeping Cleaners — $37,160
Personal Care and Service Occupations
- Childcare Worker — $35,890
Sales and Related Occupations
- Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products — $68,770
- First-Line Supervisor of Retail Sales Workers — $47,570
- Retail Salesperson — $34,460
- Cashier — $32,920
Office and Administrative Support Occupations
- First-Line Supervisor of Office and Administrative Support Workers — $72,430
- Executive Secretary and Executive Administrative Assistant — $72,230
- Bookkeeping, Accounting, and Auditing Clerks — $48,830
- Secretaries and Administrative Assistants, Except Legal, Medical, and Executive — $47,560
- Customer Service Representative — $45,280
- Medical Secretary and Administrative Assistant — $43,290
- Office Clerks, General — $42,830
- Receptionist and Information Clerk — $37,010
Construction and Extraction Occupations
- Construction Laborer — $50,740
Installation, Maintenance, and Repair Occupations
- Maintenance and Repair Workers, General — $49,220
- Automotive Service Technician and Mechanic — $47,870
Production Occupations
- Electrical, Electronic, and Electromechanical Assemblers, Except Coil Winders, Tapers, and Finishers — $45,620
- Miscellaneous Assembler and Fabricator — $41,310
Transportation and Material Moving Occupations
- Heavy and Tractor-Trailer Truck Driver — $58,730
- Bus Drivers, School — $46,270
- Light Truck Driver — $41,010
- Laborers and Freight, Stock, and Material Movers, Hand — $38,740
- Stocker and Order Filler — $38,310