Cost of Living in Binghamton, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
84.2
100 = national avg
-15.8 vs national average
Living Wage (1 Adult)
$37,063
per year
Living Wage (Family of 4)
$87,604
per year
Cost Index by Category
Housing92.8
Food83.9
Transportation76.0
Healthcare87.1
Utilities88.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$868
per month
2 Bedroom
$1,103
per month
The overall cost of living index in Binghamton is 84.2, which is 15.8% below the national average. Housing costs are below the national average at an index of 92.8. A single adult needs to earn approximately $37,063 per year to cover basic expenses.