Zip 13903 (Binghamton, NY) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
13903 Binghamton, NY is an ideal location for those looking for a vibrant city lifestyle without the high costs associated with big cities. With a two bedroom rent of only $960, it is much cheaper than the US average of $1,430. Furthermore, groceries are also relatively inexpensive in this area, as its Grocery Cost Index is 97 compared to 100 nationally. This makes it a great place for those who want to save money while still having access to all the amenities and entertainment options that Binghamton has to offer.
In terms of businesses, there are many large companies such as IBM, Lockheed Martin, and Visions Federal Credit Union that have offices located in the area. Additionally, there are a wide range of small businesses including cafes, restaurants, shops and more that cater to the needs of locals and visitors alike. All in all, 13903 Binghamton NY provides a fantastic quality of life at an affordable price not often found elsewhere in the country.

Binghamton (zip 13903) has an unemployment rate of 7.7%. The US average is 6.0%.

Binghamton (zip 13903) 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 18.2%, which is lower than the US average of 33.5%.

Tax Rates for Binghamton (zip 13903)
- The Sales Tax Rate for Binghamton (zip 13903) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Binghamton (zip 13903) 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 13903)
- The average income of a Binghamton (zip 13903) resident is $26,158 a year. The US average is $28,555 a year.
- The Median household income of a Binghamton (zip 13903) resident is $53,804 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBinghamton, New YorkUnited States
  7.76
  -5.8%-6.2%
  18.2%33.5%
  8.0%6.2%
  6.2%4.6%
  $31,498$37,638
  $53,804$69,021
  $69,688$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  5.3%6.8%
  8.9%10.0%
  2.5%2.5%
  11.2%11.0%
  3.5%4.8%
  1.2%0.8%
  2.3%1.9%
  4.1%4.7%
  0.9%1.9%
  6.0%7.6%
  0.2%0.1%
  2.8%4.2%
  16.9%9.3%
  16.9%14.0%
  1.6%2.1%
  7.3%7.0%
  4.4%4.8%
  4.0%4.7%
Health