Binghamton, NY
Population 47,357 · New York
About Binghamton, NY
Binghamton is a mid-sized city located in New York with a population of 47,357 residents according to the latest US Census Bureau American Community Survey data. The median household income is $44,331 per year, which is 41% below the national median of $75,149. The median age of 35.1 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Binghamton features a median home value of $117,400, which is 52% below the national median of $244,900. This makes Binghamton one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $867, 25% below the national average of $1,163/month. Of the 24,835 total housing units, 43% are owner-occupied (9,077 units) and 57% are renter-occupied (11,873 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Binghamton shows an unemployment rate of 9.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 32.9%, above the national average of 12.4%. Workers in Binghamton have an average one-way commute time of 19.7 minutes, one of the shorter commutes in the region.
Education & Demographics
30.8% of Binghamton residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.2% White, 0.8% Hispanic or Latino, 4.2% Black or African American, and 3.1% Asian residents, with 10.6% of the population being foreign-born.
How Binghamton Ranks in New York
Cost of Living in Binghamton, NY
Compared to national averages, Binghamton has a median household income of $44,331 (41% below the national median of $75,149). Home values average $117,400, which is 52% below the national median. Monthly rent at $867 is 25% below the US average of $1,163. Within New York, Binghamton's income is 54% below the state average of $96,987, and home values are 70% below the state median of $387,181.
Why Live in Binghamton, NY?
Binghamton offers affordable housing with a median home value of $117,400, below the US average of $244,900, and rent that’s lower than the national average at $867/month, and short commute times averaging just 19.7 minutes.
Potential considerations include median household income ($44,331) that falls below the national average. However, Binghamton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Binghamton has a population of 47,357 with a median age of 35.1 years. Compare Binghamton with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Binghamton
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Niagara Falls | 48,198 | $48,535 | $104,400 | Compare |
| West Seneca | 45,329 | $75,465 | $215,000 | Compare |
| Irondequoit | 50,438 | $76,871 | $169,000 | Compare |
| Freeport | 44,102 | $118,755 | $479,700 | Compare |
| Hicksville | 43,868 | $148,008 | $617,100 | Compare |
| Troy | 51,054 | $57,688 | $192,500 | Compare |
| West Babylon | 43,239 | $127,785 | $490,500 | Compare |
| Levittown | 51,557 | $139,696 | $564,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Binghamton With Other Cities
Frequently Asked Questions about Binghamton
What is the population of Binghamton, NY?
The population of Binghamton, NY is 47,357 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in New York.
What is the median household income in Binghamton?
The median household income in Binghamton, NY is $44,331 per year, which is 41% below the national median of $75,149.
What is the median home value in Binghamton?
The median home value in Binghamton, NY is $117,400, which is 52% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Binghamton?
The median monthly rent in Binghamton, NY is $867, which is 25% below the national average of $1,163/month.
What is the unemployment rate in Binghamton?
The unemployment rate in Binghamton, NY is 9.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Binghamton, NY a good place to live?
Binghamton offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 47,357 and a median age of 35.1, the city appeals to a broad range of residents.
How educated is Binghamton, NY?
30.8% of residents in Binghamton aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Binghamton?
Key cost-of-living indicators for Binghamton, NY: median home value is $117,400 (52% below national), median rent is $867/month, and median household income is $44,331. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Binghamton?
The poverty rate in Binghamton, NY is 32.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Binghamton, NY?
Binghamton's population is 1.2% White, 0.8% Hispanic or Latino, 4.2% Black or African American, 3.1% Asian, and 13.0% two or more races. 10.6% of residents are foreign-born.