Average Carpenters Salary in Binghamton, NY
Carpenters in Binghamton, NY, earn an average annual salary of $60,530. This figure is slightly below the national average of $64,010, a common occurrence in markets where local economic factors and demand dynamics influence compensation. While the nominal salary may be lower, the cost of living in Binghamton aligns perfectly with the national average, suggesting a stable purchasing power for these skilled trades professionals.
Executive Summary
- Average Salary: $60,530 per year.
- Growth Trend: Salaries have shifted 4.7% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $76,710.
- Outlook: The carpenter job market in Binghamton, NY, is supported by a local workforce of 380 professionals. With a Location Quotient of 0.87, the concentration of carpenters is slightly below the national average, indicating a stable but not overly saturated market. The presence of 3.935 jobs per 1,000 workers suggests consistent demand for carpentry services within the region, providing a solid foundation for employment opportunities.
Salary Overview
The average Carpenters in Binghamton, NY earns-5.4%below the national average.
$29.1
$1,164
$5,044
Carpenters Salary Trends (2020-2024)
While specific historical data is not provided, it's reasonable to assume that carpenter salaries in Binghamton, NY, have experienced gradual growth over the past four years, mirroring national trends. Economic development, construction project pipelines, and inflation typically drive incremental increases in wages for skilled trades. This suggests a positive trajectory for carpenter earnings in the region, albeit potentially at a pace influenced by local economic conditions.
Carpenters Salary Distribution in Binghamton, NY
The career path for carpenters in Binghamton, NY, offers significant earning potential as experience is gained. Entry-level carpenters can expect to earn at the lower end of the pay scale, while seasoned professionals with specialized skills and a proven track record can command substantially higher salaries. The percentile gaps in earnings clearly signify career progression, rewarding expertise, efficiency, and the ability to handle complex projects.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $40,330 | $19.4 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $45,398 | $21.8 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $57,430 | $27.6 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $75,663 | $36.4 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $76,710 | $36.9 |
Detailed Carpenters Market Analysis
Relocation Context
Nominal Salary
$60,530
Gross Pay
Real Wage (Purchasing Power)
$60,530
Adjusted for COL (100)
For carpenters considering a move to Binghamton, NY, the average salary of $60,530 aligns precisely with the local Cost of Living Index of 100. This means that the purchasing power of the Binghamton carpenter's salary is equivalent to the national average. While the nominal pay is slightly lower than the national average, the absence of a higher cost of living means that the take-home pay effectively stretches as far as it would in many other parts of the country.
Job Market Context
380
Total Jobs
3.935
Per 1K Jobs
0.87
Location Quotient
Binghamton, NY has 0.87x the national average concentration of Carpenters jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.87 for carpenters in Binghamton, NY, indicates that the profession is slightly less concentrated than the national average. This suggests that while there is a steady demand for carpenters, the market is not oversaturated, offering a balanced environment for skilled professionals. The number of jobs per 1,000 workers (3.935) further supports this, pointing to consistent employment opportunities without intense competition for roles.
Nearby Job Markets
Nearby Cities for Carpenters
| City | Salary | Dist. |
|---|---|---|
| Ithaca, NY Carpenters Salary | $60,490↓ 0% | 39 mi |
| Elmira, NY Carpenters Salary | $60,590↑ 0% | 46 mi |
| Southwest New York nonmetropolitan area Carpenters Salary | $57,580↓ 5% | 49 mi |
| Central East New York nonmetropolitan area Carpenters Salary | $57,250↓ 5% | 49 mi |
| Capital/Northern New York nonmetropolitan area Carpenters Salary | $58,740↓ 3% | 49 mi |
Comparing salaries near Binghamton, NY
Hiring Carpenterss?
Frequently Asked Questions
How much does a Carpenters make in Binghamton, NY?
The median annual salary for a Carpenters in Binghamton, NY is $60,530. This typically ranges from $40,330 for entry-level positions to $76,710 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Binghamton, NY is 5.4% lower than the national median of $64,010.
Is Binghamton, NY a lucrative place for Carpenters?
Yes, Binghamton, NY offers a stable earning potential for Carpenters.Carpenters in Binghamton earn $60,530 annually, which aligns with the national cost of living. The market shows consistent demand without being overly saturated, providing a balanced environment for employment.
Is Binghamton, NY a good place to live for Carpenters?
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 ($60,490) and Elmira, NY.
How does Binghamton's carpenter salary compare to the national average?
Carpenters in Binghamton, NY, earn an average of $60,530 annually, which is slightly below the national average of $64,010. However, this is offset by a cost of living that matches the national average.
What is the concentration of carpenters in Binghamton, NY?
The concentration of carpenters in Binghamton, NY, is indicated by a Location Quotient of 0.87, meaning it is slightly less concentrated than the national average. This suggests a healthy demand relative to the supply of professionals.
How does experience impact a carpenter's salary in Binghamton?
As carpenters gain experience in Binghamton, their earning potential increases significantly. Entry-level positions offer lower pay, while senior carpenters with specialized skills can command higher salaries, reflecting their expertise and value.
Is the job market for carpenters strong in Binghamton?
The job market for carpenters in Binghamton is considered stable, with 3.935 jobs per 1,000 workers and a slightly below-average concentration (LQ of 0.87). This indicates consistent demand and a balanced job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 380 employees in the Binghamton, NY area with a job density of 3.935 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Carpenters Salaries by State
Top Jobs in Binghamton, NY
- All Occupations Salary in Binghamton, NY
- Office and Administrative Support Occupations Salary in Binghamton, NY
- Food Preparation and Serving Related Occupations Salary in Binghamton, NY
- Transportation and Material Moving Occupations Salary in Binghamton, NY
- Educational Instruction and Library Occupations Salary in Binghamton, NY
- Sales and Related Occupations Salary in Binghamton, NY
- Healthcare Practitioners and Technical Occupations Salary in Binghamton, NY
- Production Occupations Salary in Binghamton, NY
- Healthcare Support Occupations Salary in Binghamton, NY
- Business and Financial Operations Occupations Salary in Binghamton, NY
- Browse All Jobs in Binghamton, NY →
Semantic Salary Analysis for Carpenters • Data source: BLS OEWS 2024 •Jobs in Binghamton, NY