Binghamton, NY Metro Area is a great place to live and work. With an average 2 bedroom rent of $960, it's much more affordable than the US average of $1,430. The Grocery Cost Index in Binghamton is 98 compared to 100 for the United States. Here you will find plenty of local businesses and attractions that make life in Binghamton enjoyable. Popular places for entertainment include the Kopernik Observatory & Science Center, Roberson Museum & Science Center and the Cider Mill Playhouse. Local businesses such as Roswell Park Cancer Institute, Wegmans Food Market and Lockheed Martin provide job opportunities for residents of Binghamton.
Binghamton Metro Area has an unemployment rate of 6.8%. The US average is 6.0%.
Binghamton Metro Area has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 19.1%, which is lower than the US average of 33.5%.
Tax Rates for Binghamton Metro Area
- The Sales Tax Rate for Binghamton Metro Area is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Binghamton Metro Area is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Binghamton Metro Area
- The average income of a Binghamton Metro Area resident is $31,789 a year. The US average is $37,638 a year.
- The Median household income of a Binghamton Metro Area resident is $56,621 a year. The US average is $69,021 a year.