Cost of Living in Binghamton, NY
Population: 47,357 • 2026 Data
$44,331
Median Household Income
-43% vs national
$867
Median Monthly Rent
-36% vs national
$117,400
Median Home Value
-65% vs national
9.8%
Unemployment Rate
Housing in Binghamton
The median home value in Binghamton, NY is $117,400. Monthly rent for a typical unit averages $867, while total monthly housing costs (including utilities and insurance) average $898.
Rent-to-income ratio: 23.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Binghamton, NY is $44,331. The unemployment rate stands at 9.8%, with a labor force of 22,679 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.