Average Industrial Engineers Salary in Binghamton, NY
Industrial Engineers in Binghamton, NY earn an average annual salary of $99,840, which is slightly below the national average of $107,860. This difference can be attributed to the specific economic landscape and industry demands within the Binghamton metropolitan area. While not reaching the national benchmark, the local compensation reflects the value placed on these critical roles within the region's industrial sector.
Executive Summary
- Average Salary: $99,840 per year.
- Growth Trend: Salaries have shifted 16.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $138,060.
- Outlook: The industrial engineering job market in Binghamton, NY, shows a notable concentration, with a Location Quotient of 1.34 indicating a higher presence of these professionals than the national average. Supporting a local workforce of 290 individuals, this suggests a robust demand for industrial engineering expertise within the region. The density of jobs per 1,000 workers at 3.04 further underscores the active market for these specialized skills.
Salary Overview
The average Industrial Engineers in Binghamton, NY earns-7.4%below the national average.
$48
$1,920
$8,320
Industrial Engineers Salary Trends (2020-2024)
While specific historical data for Binghamton's industrial engineers isn't provided, it's reasonable to assume a positive salary growth trend over the past four years, mirroring national patterns. Economic shifts and advancements in manufacturing and logistics typically drive increased demand and, consequently, higher compensation for skilled industrial engineers. This upward trajectory is likely influenced by ongoing investments in efficiency and process optimization across various industries.
Industrial Engineers Salary Distribution in Binghamton, NY
Salary progression for Industrial Engineers in Binghamton, NY, typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while senior engineers with extensive project management and problem-solving experience can command salaries in the upper percentiles. The widening gap between entry-level and senior roles signifies clear career advancement opportunities and increased earning potential as professionals develop specialized skills and leadership capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $71,610 | $34.4 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $74,880 | $36 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $96,630 | $46.5 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $124,800 | $60 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $138,060 | $66.4 |
Detailed Industrial Engineers Market Analysis
Relocation Context
Nominal Salary
$99,840
Gross Pay
Real Wage (Purchasing Power)
$99,840
Adjusted for COL (100)
The nominal average salary of $99,840 in Binghamton, NY, holds considerable purchasing power, as the local Cost of Living Index is exactly at the national average of 100. This means that the salary earned by an Industrial Engineer in Binghamton provides a standard of living equivalent to the national average. Consequently, the compensation is well-aligned with the local economic conditions, offering stability for residents.
Job Market Context
290
Total Jobs
3.04
Per 1K Jobs
1.34
Location Quotient
With a location quotient of 1.34, Binghamton, NY has a slightly higher-than-average concentration of Industrial Engineers roles compared to the national norm.
With a Location Quotient of 1.34, Binghamton, NY, presents a market where Industrial Engineers are more concentrated than the national average. This suggests a potentially competitive environment for job seekers, but also indicates a strong, established demand for their skills within the local economy. Companies operating in this region likely rely heavily on the expertise of these professionals for operational efficiency and innovation.
Nearby Job Markets
Nearby Cities for Industrial Engineers
| City | Salary | Dist. |
|---|---|---|
| Ithaca, NY Industrial Engineers Salary | $114,550↑ 15% | 39 mi |
| Elmira, NY Industrial Engineers Salary | $89,050↓ 11% | 46 mi |
| Southwest New York nonmetropolitan area Industrial Engineers Salary | $97,050↓ 3% | 49 mi |
| Central East New York nonmetropolitan area Industrial Engineers Salary | $96,030↓ 4% | 49 mi |
| Capital/Northern New York nonmetropolitan area Industrial Engineers Salary | $100,580↑ 1% | 49 mi |
Comparing salaries near Binghamton, NY
Hiring Industrial Engineerss?
Frequently Asked Questions
How much does a Industrial Engineers make in Binghamton, NY?
The median annual salary for a Industrial Engineers in Binghamton, NY is $99,840. This typically ranges from $71,610 for entry-level positions to $138,060 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Binghamton, NY is 7.4% lower than the national median of $107,860.
Is Binghamton, NY a lucrative place for Industrial Engineers?
Yes, it offers competitive compensation relative to its cost of living.Industrial Engineers in Binghamton earn $99,840, which aligns perfectly with the national average cost of living. The strong local concentration (LQ of 1.34) also points to consistent demand for these roles.
Is Binghamton, NY a good place to live for Industrial Engineers?
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 ($114,550) and Elmira, NY.
How does Binghamton's Industrial Engineer salary compare to the national average?
The average salary for Industrial Engineers in Binghamton, NY, is $99,840, which is slightly lower than the national average of $107,860.
What is the concentration of Industrial Engineers in Binghamton, NY?
Binghamton, NY has a Location Quotient of 1.34 for Industrial Engineers, indicating a higher concentration of these professionals compared to the national average.
How does the cost of living in Binghamton affect the Industrial Engineer salary?
Binghamton's Cost of Living Index is 100, matching the national average. This means the $99,840 salary offers purchasing power equivalent to the national average, making it a stable compensation level.
What is the total number of Industrial Engineers in Binghamton, NY?
There are approximately 290 Industrial Engineers working in the Binghamton, NY area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 290 employees in the Binghamton, NY area with a job density of 3.04 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Industrial Engineers • Data source: BLS OEWS 2024 •Jobs in Binghamton, NY