Binghamton, NY Utility & Living Guide

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Binghamton, NY Utility & Living Guide

Binghamton offers a blend of affordable living, scenic beauty, and a strong sense of community in upstate New York.

Last updated: June 26, 2026
Total Utilities$305/mo
1BR Rent$1200/mo
Sales Tax7.5%
COL Index105 (+5% above national average)
Family Score6/10
Median Home$320,000
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⚠️ Natural Hazard History — Binghamton
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💰 Budget Calculator
🔌 Utilities
🏠 Housing
📊 Cost of Living
💰 Taxes
👨‍👩‍👧 Families
🧮 Tools

Monthly Utility Costs

⚡ Electric

$120/mo

NYSEG (New York State Electric & Gas)
🔥 Gas

$50/mo

NYSEG
💧 Water

$45/mo

Binghamton Water Department
🗑️ Garbage

$25/mo

City of Binghamton Department of Public Works
📶 Internet

$65/mo

Combined Average Overhead $305/month

Housing Market

Rent & Property
1 Bedroom$1200/mo
2 Bedrooms$1600/mo
3 Bedrooms$2100/mo
Median Home Price$320,000
Property Tax Rate1.2%
Avg Childcare/mo$1000

Binghamton’s housing market remains relatively affordable compared to national averages, with steady demand for single-family homes and rentals. Older homes are common, but renovations are increasing property values.

Cost of Living

Overall COL Index

105

US national avg = 100
vs National Avg

+5% above national average

Groceries

102

Transportation

98

Healthcare

100

Childcare/mo

$1000

Tax Rates

Tax Overview
Total Sales Tax7.5%
Property Tax Rate1.2%
<p>State 4% + County 4% + City 0%</p>

New York State has a progressive income tax system, with rates ranging from 4% to 8.82% depending on income level.

Family & Relocation

Family Vibe Score
6/10
Safety Index

50

Higher = safer
School Rating

6.5/10

GreatSchools avg
Avg Childcare

$1000/mo

City Pulse

Population Trend
-0.5% (declining)
Political Climate
Purple (mixed Democratic and Republican leanings)
Business Momentum
Moderate with key industries in healthcare, education, and manufacturing
Top Local Concerns
Property taxes, infrastructure maintenance, job opportunities
🚌 Transit for Families

Public transit is limited but stroller-accessible; buses have ramps, but coverage is sparse outside downtown.

🎡 Top Kid Attractions
  • 🎯
    Ross Park Zoo
  • 🎯
    Discovery Center of the Southern Tier
  • 🎯
    Recreation Park

Best Neighborhoods for Families

West Side and South Side are popular for families, offering parks, good schools, and quieter streets. Downtown is more urban but has cultural amenities.

Household Budget Calculator

Estimate your real monthly cost of living in Binghamton based on your household profile.

Local Briefing & Neighborhood Pulse

Live Local News

Residents must obtain permits for home renovations, and snow removal is required within 24 hours of snowfall. Short-term rentals require registration.

Binghamton is seeing growth in tech startups, supported by local universities and state incentives. Affordable housing continues to attract remote workers from higher-cost areas.

Financial Tools

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📊 Binghamton — Census & Demographic Data

Official data from the US Census Bureau, American Community Survey.

💰 Median Household Income
$39,012
👤 Median Age
36.1
🏠 Homeownership Rate
42.2%
🔑 Renter Rate
57.8%
📉 Poverty Rate
32.0%
💼 Unemployment Rate
11.4%
📡 Internet Access
79.8%
🎓 College Educated
24.7%

☀️ Seasonal Utility Costs

Winter heating costs can double gas bills, while summer AC use raises electric bills slightly. Spring and fall are the most affordable utility seasons.

🏛️ Local Tax Details

Property tax millage rates vary by municipality within Broome County; Binghamton city has no additional local surtaxes.

👶 Family & Stroller Friendliness

6/10: Sidewalks are uneven in older areas, but parks are accessible. Limited elevator access in transit; family infrastructure is improving.

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