Cost of Living,
Binghamton's Real Estate Market
Binghamton Metro Area
Profile: Small city Location: South-central New York, 10 miles north of Pennsylvania border Elevation: 1590 Time zone: Eastern Standard Time
|Cost of living||Economy|
|Low crime rates||Climate|
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Binghamton is a diversified manufacturing center and transportation gateway to other areas of upstate New York.. Manufacturers are varied and led today by IBM. The town itself is quiet and unremarkable, and offers little to do, although there is a good set of performing arts amenities. The central location is near several areas of interest: the Finger Lakes and Ithaca to the northwest, where Cornell University provide cultural amenities; New York City to the southeast; and the Adirondacks to the northeast.
The climate can be depressing, as Binghamton has the greatest number of cloudy days per year of any city outside the Pacific Northwest, and ranks 14th highest in the U.S. for days of precipitation. That precipitation combined with the narrow valley river confluence can bring flooding. Cost of living and particularly the cost of housing is very low especially for the region.
Binghamton is in a comparatively narrow valley at the confluence of the Susquehanna and Chenango rivers. The climate is humid continental. Located adjacent to the so-called St. Lawrence Valley storm track, the area has frequent and rapid weather changes. Summers are warm, but temperatures and humidity seldom become oppressing. Daytime temperatures rise rapidly but hit up to 90 degrees only a few days each month. Summer evenings are typically cool. Winters are cold but not severe with daytime highs in the 20’s and 30’s and lows in the mid-teens to 20’s. A few sub-zero readings occur each winter. Snowfall is moderate and much higher in the surrounding hills. The cloudiness and valley fogs arise from proximity to Lake Ontario and nearby landforms combined with the storm track location. First freeze is early October, last is early May.
Interesting Facts about Binghamton, New York
As of 2014, Binghamton's population is 47,107 people. Since 2000, it has had a population growth of -0.60 percent.--------------------
The median home cost in Binghamton is $85,800. Home appreciation the last year has been -3.30 percent.--------------------
Compared to the rest of the country, Binghamton's cost of living is 7.80% Lower than the U.S. average.--------------------
Binghamton public schools spend $20,279 per student. The average school expenditure in the U.S. is $12,435. There are about 13.6 students per teacher in Binghamton.--------------------
The unemployment rate in Binghamton is 6.20 percent(U.S. avg. is 6.30%). Recent job growth is Negative. Binghamton jobs have Decreased by 1.02 percent.
Ranked #5 Most Secure Places to Live 2011 (Mid-Size Cities)
Ranked #8 Most Secure Places to Live in the U.S. (Mid-Size Metro Areas)
Ranked #9 Best Green Cities
Ranked #11 America's Best and Worst Cities for Crime (Mid-Size Metro Areas)
Ranked #34 Most Competitive Public Colleges
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Average Commute time is 17 minutes. The National Average is 25 minutes.--------------------
Binghamton's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes