Average Construction and Extraction Occupations Salary in Binghamton, NY
In Binghamton, NY, professionals in Construction and Extraction Occupations earn an average annual salary of $65,610. This figure slightly surpasses the national average of $64,030, suggesting a localized demand or specific market conditions that influence compensation. Factors such as regional development projects and the cost of skilled labor within the Binghamton area contribute to this competitive pay.
Executive Summary
- Average Salary: $65,610 per year.
- Growth Trend: Salaries have shifted 12.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $100,610.
- Outlook: Binghamton's Construction and Extraction sector supports a local workforce of approximately 3,500 individuals. With a Location Quotient of 0.88, the concentration of these jobs is just below the national average, indicating a stable, albeit not exceptionally concentrated, job market. The presence of 36.343 jobs per 1,000 workers suggests consistent employment opportunities within this field in the region.
Salary Overview
The average Construction and Extraction Occupations in Binghamton, NY earns+2.5%above the national average.
$31.6
$1,262
$5,468
Construction and Extraction Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries within Construction and Extraction Occupations across the United States, including Binghamton, have experienced steady growth over the past four years. This trend is typically driven by inflation, increased demand for infrastructure and housing, and the rising cost of materials and skilled labor.
Construction and Extraction Occupations Salary Distribution in Binghamton, NY
Within the Construction and Extraction Occupations, salary progression is significantly tied to experience and specialization. Entry-level positions typically command lower salaries, while seasoned professionals with specialized skills and supervisory experience can expect to earn considerably more. The widening gap between entry-level and senior-level salaries, often reflected in percentile data, clearly signifies substantial career advancement opportunities and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $39,240 | $18.9 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $49,208 | $23.7 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $59,130 | $28.4 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $82,013 | $39.4 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $100,610 | $48.4 |
Detailed Construction and Extraction Occupations Market Analysis
Relocation Context
Nominal Salary
$65,610
Gross Pay
Real Wage (Purchasing Power)
$65,610
Adjusted for COL (100)
The average annual salary of $65,610 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 salary is equivalent to the national standard, offering a balanced financial landscape for residents. Individuals relocating to Binghamton can expect their earnings to cover typical expenses without significant strain relative to national benchmarks.
Job Market Context
3,500
Total Jobs
36.343
Per 1K Jobs
0.88
Location Quotient
Binghamton, NY has 0.88x the national average concentration of Construction and Extraction Occupations jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.88 for Construction and Extraction Occupations in Binghamton indicates that this sector is slightly less concentrated than the national average. This suggests that while the jobs are present and stable, the market may not be oversaturated, potentially offering a good balance for job seekers looking for opportunities without intense competition. The market is neither exceptionally abundant nor scarce, presenting a moderate level of competitiveness.
Nearby Job Markets
Nearby Cities for Construction and Extraction Occupations
Comparing salaries near Binghamton, NY
Hiring Construction and Extraction Occupationss?
Frequently Asked Questions
How much does a Construction and Extraction Occupations make in Binghamton, NY?
The median annual salary for a Construction and Extraction Occupations in Binghamton, NY is $65,610. This typically ranges from $39,240 for entry-level positions to $100,610 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Binghamton, NY is 2.5% higher than the national median of $64,030.
Is Binghamton, NY a lucrative place for Construction and Extraction Occupationss?
Yes, Binghamton offers competitive compensation for Construction and Extraction Occupations.The average salary of $65,610 slightly exceeds the national average, and with a cost of living at the national index of 100, your earnings hold strong purchasing power.
Is Binghamton, NY a good place to live for Construction and Extraction 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 ($62,180) and Elmira, NY.
How does Binghamton's construction salary compare nationally?
The average annual salary for Construction and Extraction Occupations in Binghamton is $65,610, which is slightly higher than the national average of $64,030.
What is the concentration of construction jobs in Binghamton?
Binghamton has a Location Quotient of 0.88 for these occupations, meaning the concentration is slightly below the national average, indicating a stable but not overly dense job market.
How does the cost of living affect construction salaries in Binghamton?
With a Cost of Living Index of 100 (the national average), the $65,610 salary in Binghamton provides purchasing power equivalent to the national standard, making it a financially stable location.
What is the total workforce size for construction in Binghamton?
There are approximately 3,500 individuals employed in Construction and Extraction Occupations in Binghamton, NY.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,500 employees in the Binghamton, NY area with a job density of 36.343 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Construction and Extraction Occupations • Data source: BLS OEWS 2024 •Jobs in Binghamton, NY