The town of Binghamton, New York is home to approximately 46,000 people. Young adults (15-24) should fit right in, as they make up an above-average 19% of the population. Overall, the city's population, with an average age of just over 39, skews younger than most cities in New York. A narrow majority of residents rent their homes (55%) as opposed to owning (45%) in Binghamton. With a relatively low average rent of $756 per month in the city, renting remains an affordable option, particularly compared to other cities in New York. Each month, renters in Binghamton will save around $524 compared to the state average. That adds up over the course of 12 months.
Averaging about 19 minutes, the commute time for Binghamton residents is shorter than the state average of about 38 minutes. Driving is the prevailing mode of getting to work, chosen by 32% of residents, while public transit is used by only 3% of the city. A small percentage of residents (2%) walk to work, though the number surpasses the national average.
If you're looking for career options, Binghamton has a surplus. The four most common industries are healthcare, retail, education, and entertainment. Combined, these industries account for 24% of the labor force in the city. Meanwhile, in terms of job function, many residents work in sales, which ranks as the top field in the city. With an average annual income of about $46K, Binghamton workers earn less than the average New York resident. Binghamton's average income also trails the national average ($73,345). Binghamton has a relatively large concentration of residents over the age of 25 with a high school degree or GED (21%) compared to the national average. Further, 8% possess a Bachelor's degree and 6% have earned a Master's degree or Doctorate.
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