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.