Binghamton, NY Cost of Living


29 Reviews



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Binghamton cost of living score
80.7
Less expensive
19.3% lower
than the US average
33.6% lower
than the New York average
Binghamton, New York gets a BestPlaces Cost of Living score of 80.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 19.3% lower than the U.S. average and 33.6% lower than the average for New York.

Binghamton, NY

Housing costs in Binghamton?
A typical home costs $127,900, which is 62.2% less expensive than the national average of $338,100 and 69.1% less expensive than the average New York home, at $413,600. Renting a two-bedroom unit in Binghamton costs $960 per month, which is 32.9% cheaper than the national average of $1,430 and 104.2% cheaper than the state average of $1,960.

Can I afford Binghamton?
To live comfortably in Binghamton, New York, a minimum annual income of $24,480 for a family, and $30,400 for a single person is recommended.

What does A.I. say about Binghamton?
Binghamton, NY is an affordable city to live in. The cost of living index in Binghamton is 88.3, compared to the national average of 100. This indicates that the cost of living in Binghamton is 11.7 percent lower than the national average. Rent for a one-bedroom apartment in the city center averages around $719, while an equivalent outside of the city center hovers around $637 per month. Food costs are also low; groceries are estimated to be about 10% lower than the U.S. average. In addition, utilities such as electricity and internet services are relatively inexpensive in Binghamton as well.
   Cost of living score
     CategoriesBinghamtonNew YorkUnited States
  80.7121.5100.0
  97.7103.8100
  114.4120.7100.0
  31.2127.9100.0
  $127,900$413,600$338,100
  96.2%115.9%100.0%
  77.2140.7100.0
  115.0121.8100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Binghamton
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Marg · 

Very cool place with loads of popular restaurants (some award winning), hiking, winter activities/sports, fishing, boating, central location -making it SO EASY for  More

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Over 3 years ago

I can't understand the strong negativity, at least not totally. I have been here for a while now and have been (years ago). Back in the big recession there were some  More

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Over 3 years ago

I've lived in this area my whole life-all 23 years of it. Even in my lifetime about half the businesses I remember are now boarded up often with no replacements. So many  More

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