Average Laborers and Freight, Stock, and Material Movers, Hand Salary in Binghamton, NY
In Binghamton, NY, Laborers and Freight, Stock, and Material Movers, Hand earn an average annual salary of $39,330. This figure is slightly below the national average of $41,390, reflecting localized economic conditions and demand specific to the Binghamton area. Factors such as regional industry concentration and the cost of doing business in upstate New York contribute to this pay differential.
Executive Summary
- Average Salary: $39,330 per year.
- Growth Trend: Salaries have shifted 23.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $45,720.
- Outlook: The Binghamton job market for Laborers and Freight, Stock, and Material Movers, Hand is moderately sized, with a total local workforce of 1,620 individuals. The Location Quotient of 0.87 suggests a concentration slightly below the national average, indicating that while the profession is present, it is not disproportionately dominant within the local economy compared to other regions.
Salary Overview
The average Laborers and Freight, Stock, and Material Movers, Hand in Binghamton, NY earns-5.0%below the national average.
$18.9
$756
$3,278
Laborers and Freight, Stock, and Material Movers, Hand Salary Trends (2020-2024)
While specific historical data for this role in Binghamton is not provided, it is generally assumed that salaries for Laborers and Freight, Stock, and Material Movers, Hand have seen incremental growth over the past four years, mirroring broader economic trends and inflation adjustments. This suggests a stable, albeit potentially modest, upward trajectory in compensation within the region.
Laborers and Freight, Stock, and Material Movers, Hand Salary Distribution in Binghamton, NY
Compensation for Laborers and Freight, Stock, and Material Movers, Hand typically scales with experience. Entry-level positions will likely fall at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries, often reaching into the upper percentiles. The variance in pay across different experience levels signifies clear opportunities for career progression and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $33,340 | $16 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $29,498 | $14.2 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $37,700 | $18.1 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $49,163 | $23.6 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $45,720 | $22 |
Detailed Laborers and Freight, Stock, and Material Movers, Hand Market Analysis
Relocation Context
Nominal Salary
$39,330
Gross Pay
Real Wage (Purchasing Power)
$39,330
Adjusted for COL (100)
The average annual salary of $39,330 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 on par with the national standard, suggesting that the nominal income effectively translates to a comparable standard of living when compared to the rest of the United States.
Job Market Context
1,620
Total Jobs
16.777
Per 1K Jobs
0.87
Location Quotient
Binghamton, NY has 0.87x the national average concentration of Laborers and Freight, Stock, and Material Movers, Hand jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.87, the job market for Laborers and Freight, Stock, and Material Movers, Hand in Binghamton, NY is slightly less concentrated than the national average. This indicates a stable but not overly saturated market, suggesting a steady demand for these services without intense competition among a disproportionately large workforce.
Nearby Job Markets
Nearby Cities for Laborers and Freight, Stock, and Material Movers, Hand
Comparing salaries near Binghamton, NY
Hiring Laborers and Freight, Stock, and Material Movers, Hands?
Frequently Asked Questions
How much does a Laborers and Freight, Stock, and Material Movers, Hand make in Binghamton, NY?
The median annual salary for a Laborers and Freight, Stock, and Material Movers, Hand in Binghamton, NY is $39,330. This typically ranges from $33,340 for entry-level positions to $45,720 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 $41,390.
Is Binghamton, NY a lucrative place for Laborers and Freight, Stock, and Material Movers, Hands?
No, not exceptionally lucrative compared to the national average.The average salary of $39,330 is below the national average of $41,390, though the cost of living is also at the national average. This indicates that while the pay is standard for the cost of living, it does not offer a significant financial advantage over other regions.
Is Binghamton, NY a good place to live for Laborers and Freight, Stock, and Material Movers, Hands?
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 ($41,750) and Elmira, NY.
How does the Binghamton job market compare to the national average for this role?
The Binghamton market has a slightly lower concentration of these jobs compared to the national average, as indicated by a Location Quotient of 0.87.
What is the total number of Laborers and Freight, Stock, and Material Movers, Hand in Binghamton?
There are approximately 1,620 individuals employed in this occupation within the Binghamton area.
Does experience impact salary for this role in Binghamton?
Yes, like most roles, experience significantly influences earning potential, with senior positions commanding higher salaries than entry-level ones.
How does the cost of living in Binghamton affect the salary?
Binghamton's cost of living is exactly at the national average (100), meaning the $39,330 salary offers a purchasing power equivalent to 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 1,620 employees in the Binghamton, NY area with a job density of 16.777 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Laborers and Freight, Stock, and Material Movers, Hand • Data source: BLS OEWS 2024 •Jobs in Binghamton, NY