Average All Occupations Salary in Binghamton, NY
In Binghamton, NY, the average annual salary for All Occupations stands at $63,810, which is slightly below the national average of $67,140. This localized pay rate reflects a combination of regional economic factors, industry demand, and the overall cost of doing business within the Binghamton metropolitan area.
Executive Summary
- Average Salary: $63,810 per year.
- Growth Trend: Salaries have shifted 22.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $106,220.
- Outlook: Binghamton, NY boasts a substantial workforce of 96,360 individuals, indicating a significant labor market. The Location Quotient of 1.0 for All Occupations suggests that the concentration of these roles in Binghamton is precisely in line with the national average, implying a stable and balanced demand for these professions within the local economy.
Salary Overview
The average All Occupations in Binghamton, NY earns-5.0%below the national average.
$30.7
$1,227
$5,318
All Occupations Salary Trends (2020-2024)
While specific historical data for Binghamton's All Occupations salary trends over the past four years is not provided, it is generally assumed that salaries within most occupational categories have experienced steady growth, mirroring national economic trends and inflation adjustments. This suggests a positive trajectory for earning potential in the region.
All Occupations Salary Distribution in Binghamton, NY
Salary progression in All Occupations typically scales with experience. Entry-level positions often start at the lower end of the pay scale, while senior roles command significantly higher compensation. The percentile gaps between these levels signify clear career advancement opportunities and increased earning potential as professionals gain expertise and take on greater responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $31,260 | $15 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $47,858 | $23 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $48,380 | $23.3 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $79,763 | $38.3 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $106,220 | $51.1 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$63,810
Gross Pay
Real Wage (Purchasing Power)
$63,810
Adjusted for COL (100)
The average annual salary of $63,810 in Binghamton, NY, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the average salary in Binghamton is equivalent to the national average, offering a stable financial environment for residents.
Job Market Context
96,360
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Binghamton, NY has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.
With a Location Quotient of 1.0, the job market for All Occupations in Binghamton, NY, is neither significantly more nor less concentrated than the national average. This indicates a balanced market where the availability of jobs closely matches the national proportion of the workforce employed in these roles, suggesting moderate competition and steady opportunities.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Ithaca, NY All Occupations Salary | $70,890↑ 11% | 39 mi |
| Elmira, NY All Occupations Salary | $60,290↓ 6% | 46 mi |
| Southwest New York nonmetropolitan area All Occupations Salary | $58,420↓ 8% | 49 mi |
| Central East New York nonmetropolitan area All Occupations Salary | $59,280↓ 7% | 49 mi |
| Capital/Northern New York nonmetropolitan area All Occupations Salary | $59,560↓ 7% | 49 mi |
Comparing salaries near Binghamton, NY
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Binghamton, NY?
The median annual salary for a All Occupations in Binghamton, NY is $63,810. This typically ranges from $31,260 for entry-level positions to $106,220 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Binghamton, NY is 5.0% lower than the national median of $67,140.
Is Binghamton, NY a lucrative place for All Occupationss?
No, it is not significantly more lucrative than the national average.The average salary of $63,810 is slightly below the national average, and the cost of living is exactly at the national average, indicating comparable earning power.
Is Binghamton, NY a good place to live for All Occupations?
The Cost of Living Index in Binghamton, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Binghamton, NY?
Some top paying nearby cities include Ithaca, NY ($70,890) and Elmira, NY.
What is the total workforce size in Binghamton, NY?
The total local workforce in Binghamton, NY, comprises 96,360 individuals.
How does Binghamton's cost of living compare to the national average?
Binghamton, NY, has a Cost of Living Index of 100, which is exactly the national average.
What does a Location Quotient of 1.0 mean for All Occupations in Binghamton?
A Location Quotient of 1.0 signifies that the concentration of All Occupations jobs in Binghamton is the same as the national average, indicating a balanced job market.
How many All Occupations jobs are there per 1,000 workers in Binghamton?
There are 1,000 jobs per 1,000 workers for All Occupations in Binghamton, NY, aligning with the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 96,360 employees in the Binghamton, NY area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for All Occupations • Data source: BLS OEWS 2024 •Jobs in Binghamton, NY