Binghamton, NY, a small city of about 43,000 people in the Southern Tier of upstate New York, has an average 2 bedroom rent of $960. This is significantly lower than the United States average of $1,430. The grocery cost index in Binghamton is also lower than the US at 98, which is two points lower than the US average.
This city offers plenty of employment opportunities with local companies such as Universal Instruments, BAE Systems, Lourdes Hospital and Security Mutual Life Insurance Company. There are also plenty of restaurants for foodies to explore such as Lost Dog Cafe & Lounge, Little Venice Restaurant and River Bistro. With its low costs and ample job opportunities Binghamton is an ideal place to live.
Binghamton (zip 13901) has an unemployment rate of 7.0%. The US average is 6.0%.
Binghamton (zip 13901) has seen the job market decrease by -0.3% 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 (zip 13901)
- The Sales Tax Rate for Binghamton (zip 13901) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Binghamton (zip 13901) 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 (zip 13901)
- The average income of a Binghamton (zip 13901) resident is $23,564 a year. The US average is $28,555 a year.
- The Median household income of a Binghamton (zip 13901) resident is $45,070 a year. The US average is $69,021 a year.