What is the cost of living in Binghamton, NY?
According to the most recent data on the cost of living, Binghamton has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to New York, Binghamton has a cost of living index that's 0.8x lower than New York's index of 121.
The standard of living in Binghamton ranks as #24 most affordable out of the 336 places we measured in New York. By definition, that implies Binghamton ranks as the #312 most expensive place in the Empire State.
For more reading on life in Binghamton, check out:
Binghamton Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Binghamton. Here is how it fares on each of the criteria:
The Services index in Binghamton is 106.
The Groceries index in Binghamton is 111.
The Health index in Binghamton is 60.
The Housing index in Binghamton is 116.
The Transportation index in Binghamton is 111.
The Utilities index in Binghamton is 111.
| Living Expense | Binghamton | New York | National Average |
|---|---|---|---|
| Overall | 95 | 121 | 100 |
| Services | 106 | 105 | 100 |
| Groceries | 111 | 108 | 100 |
| Health | 60 | 143 | 100 |
| Housing | 116 | 112 | 100 |
| Transportation | 111 | 114 | 100 |
| Utilities | 111 | 111 | 100 |
Binghamton Cost Of Living Compared To New York Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New York, check out:
Protect your home budget Compare home warranties in Binghamton Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Binghamton, NY Housing Cost Breakdown
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Binghamton is $181,129.
The Median Rent in Binghamton is $870.
The Median Income in Binghamton is $45,578.
The Home Value To Income in Binghamton is 4.0x.
The Rent To Monthly Income in Binghamton is 0.23x.
| Statistic | Binghamton | New York | United States |
|---|---|---|---|
| Median Home Value | $181,129 | $507,794 | $332,700 |
| Median Rent | $870 | $1,621 | $1,413 |
| Median Income | $45,578 | $85,974 | $80,734 |
| Home Value To Income | 4.0x | 5.9x | 4.1x |
| Rent To Monthly Income | 0.23x | 0.23x | 0.21x |
Binghamton, NY Costs By Category
Detailed Binghamton Services costs vs. New York
| Item | Binghamton | New York |
|---|---|---|
| Shampoo | $1.53 | $1.28 |
| Movie | $10.2 | $12.13 |
| Bowling | $13.92 | $18 |
| Haircut | $15.07 | $24.26 |
| Beauty Salon | $34.93 | $45.56 |
Detailed Binghamton Groceries costs vs. New York
| Item | Binghamton | New York |
|---|---|---|
| Ground Beef | $5.7 | $5.84 |
| Fried Chicken | $1.36 | $1.57 |
| Milk | $4.59 | $4.67 |
| Potatoes | $5.35 | $4.93 |
| Pizza | $9.94 | $12.09 |
| Beer | $11.82 | $10.41 |
| Toothpaste | $3.62 | $3.7 |
Detailed Binghamton Health costs vs. New York
| Item | Binghamton | New York |
|---|---|---|
| Optometrist | $107.51 | $125.68 |
| Doctor | $98.82 | $135.78 |
| Dentist | $136.17 | $113.29 |
Detailed Binghamton Transportation costs vs. New York
| Item | Binghamton | New York |
|---|---|---|
| Gasoline | $3.64 | $3.46 |
| Tire Balancing | $42.06 | $59.92 |
Detailed Binghamton Utilities costs vs. New York
| Item | Binghamton | New York |
|---|---|---|
| All Electricity | $205.85 | $193.99 |
| Phone | $196.0 | $192.25 |
Binghamton SnackAbility
Cost Of Living In Cities Around Binghamton
The cost of living varies in the cities and towns around Binghamton. Here's a quick look at the cost of living in the most populous nearby places:
Ithaca, NY has a cost of living index of 115, 1.2x Binghamton.
Cortland, NY has a cost of living index of 97, 1.0x Binghamton.
Oneonta, NY has a cost of living index of 101, 1.1x Binghamton.
| City | Population | Cost Of Living | Vs. Binghamton |
|---|---|---|---|
| Ithaca, NY | 32,814 | 115 | 1.2x |
| Cortland, NY | 17,450 | 97 | 1.0x |
| Oneonta, NY | 15,045 | 101 | 1.1x |
| Endicott, NY | 13,387 | 93 | 1.0x |
| Endwell, NY | 11,546 | 100 | 1.1x |
| South Hill, NY | 6,951 | 116 | 1.2x |
| Norwich, NY | 6,782 | 96 | 1.0x |
| Blakely, PA | 6,662 | 95 | 1.0x |
| Sayre, PA | 5,431 | 99 | 1.0x |
| Clarks Summit, PA | 5,073 | 100 | 1.1x |
