Best Small Places for Business and Careers 2019

Binghamton, NY

Binghamton, NY
the place image

Binghamton, NY

Binghamton, NY
gross metro product
$14.8B
population
240.2K
median household income
$51,191
median home price
$118,000
cost of living
14% below nat'l avg
college attainment
26.8%
net migration
-280 (year: 2018)
unemployment
4.3%
major industries
Technology, Aerospace & Defense
job growth
0.5% (year: 2018)
As of October 2019
Binghamton is home to Binghamton University, Broome Community College and Davis College among others, all of which are driving forces in the area's economy. Along with higher education, there is a continued concentration of high-tech firms, including Lockheed Martin, IBM, BAE Systems, and Rockwell Collins. Notable sites include the Binghamton Zoo at Ross Park which is the fifth-oldest zoo in the nation as well as Kopernik Space Center observatory which is the largest public observatory in the northeast United States. The
Roberson Museum and Science Center, located at the heart of Binghamton, is home to the Binghamton Visitor's Center, the Link Planetarium, and a number of exhibits detailing the culture and history of the Greater Binghamton Area and the Southern Tier of New York.
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On forbes lists
#95
Best Small Places for Business and Careers 2019
#15
In Cost of Doing Business
#179
In Job Growth
#77
In Education
By The Numbers
EmploymentHousingEducationQuality of Life
Job Growth
0.5% (year: 2018)
Projected Annual Job Growth
0.2%
Unemployment
4.3%
Median Household Income
$51,191
Household Income Growth
1.4%
High-Tech Employment
3.4%
  • Data is for the metro area
  • Sources: Moody's Analytics; Sperling's BestPlaces; U.S. Census.
  • Numbers as of October 2019


  • a - Value of 100 means that a family with the median income has exactly enough income to qualify for a typical mortgage on a median-priced single-family home. An index above 100 signifies that the family has surplus income.
Explore Trends
2018
2018
Key Connections
People
Graphic of Armond George
Armond George
Graphic of Brian Derry
Brian Derry
Top Colleges
Graphic of Binghamton University, SUNY
Binghamton University, SUNY
Graphic of Missouri University of Science and Technology
Missouri University of Science and Technology

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