salaryRent is lower than in 69% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 19 minutes. Most households rent (56%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $51,760 a year. That is $25 an hour at a full-time job.
Is rent cheaper than other New York cities?
Yes. Rent here is cheaper than in most of New York. It is number 59 of 343 cities from cheapest to most expensive.
How much do households earn in Binghamton?
Share of households by yearly income. 13.5% of households earn $100,000 or more.
Rent by apartment size in Binghamton
| Size | Binghamton | U.S. average |
|---|---|---|
| Studio | $657 | $1,338 |
| 1 bedroom | $761 | $1,324 |
| 2 bedrooms | $1,059 | $1,509 |
| 3 bedrooms | $1,199 | $1,698 |
| 4 bedrooms | $1,337 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Binghamton overall?
Everyday prices in the Binghamton metro area are 7% below the U.S. average (index 92.9, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.
Taxes and bills in Binghamton
Life in Binghamton
What jobs pay in Binghamton
| Job | Median pay | Rent / pay |
|---|---|---|
| Physician Assistant | $146,120 | 10.6% |
| Nurse Practitioner | $139,030 | 11.2% |
| Pharmacist | $138,120 | 11.2% |
| Lawyer | $129,480 | 12.0% |
| Software Developer | $128,460 | 12.1% |
| Civil Engineer | $106,140 | 14.6% |
| Computer Systems Analyst | $106,060 | 14.6% |
| Registered Nurse | $101,720 | 15.3% |
| Operations Manager | $96,420 | 16.1% |
| Plumber | $87,990 | 17.6% |
| Police Officer | $84,320 | 18.4% |
| Accountant | $82,500 | 18.8% |
| Firefighter | $81,810 | 19.0% |
| Dental Hygienist | $81,640 | 19.0% |
| Electrician | $76,670 | 20.3% |
| Elementary School Teacher | $76,540 | 20.3% |
| Market Research Analyst | $66,330 | 23.4% |
| Licensed Practical Nurse | $62,490 | 24.8% |
| HVAC Technician | $62,020 | 25.0% |
| Carpenter | $62,000 | 25.0% |
| Truck Driver | $58,730 | 26.4% |
| Server (Waiter/Waitress) | $46,600 | 33.3% |
| Customer Service Representative | $45,280 | 34.3% |
| Nursing Assistant | $44,410 | 35.0% |
| Medical Assistant | $41,110 | 37.8% |
| Warehouse Worker | $38,740 | 40.1% |
| Restaurant Cook | $37,530 | 41.4% |
| Retail Salesperson | $34,460 | 45.1% |
| Cashier | $32,920 | 47.2% |
Is it cheaper to rent or buy in Binghamton?
Buying is cheaper month to month: about $428 a month less than renting.
Owning assumes a typical $124,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $12,480 for the down payment.
Frequently asked questions
What is the average rent in Binghamton, NY?
Renting in Binghamton costs a median of about $1,294 a month in 2026, including utilities. The New York median is $2,177.
How much do I need to make to live in Binghamton?
To keep rent under 30% of income, you need about $51,760 a year, or $25 an hour at a full-time job.
Is Binghamton cheap or expensive?
Binghamton is rated Expensive: rent takes 31.6% of the typical household income of $49,156. It ranks 59th cheapest of 343 New York cities we track.
How much are property taxes in Binghamton?
The median homeowner in Binghamton pays $3,622 a year in property taxes, about 2.90% of the median home value.
Is Binghamton more expensive than the national average?
Overall prices in the metro area are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Binghamton?
The median home value in Binghamton is $124,800, about 2.5 times the typical yearly household income.
47,151 people live in Binghamton. Numbers are typical (middle) values.