Average Life, Physical, and Social Science Occupations Salary in Binghamton, NY
In Binghamton, NY, professionals in Life, Physical, and Social Science Occupations earn an average annual salary of $78,030. This figure is notably below the national average of $91,840, suggesting that local market dynamics, such as industry demand and the cost of doing business, play a significant role in compensation levels within this sector in the region.
Executive Summary
- Average Salary: $78,030 per year.
- Growth Trend: Salaries have shifted 2.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $128,000.
- Outlook: The job market for Life, Physical, and Social Science Occupations in Binghamton, NY, appears stable with a total local workforce of 900 individuals in this field. A Location Quotient of 0.99 indicates a concentration very close to the national average, suggesting a balanced presence of these roles within the local economy. With 9.31 jobs per 1,000 workers, the demand is consistent with national trends, pointing to a steady, albeit not rapidly expanding, job landscape.
Salary Overview
The average Life, Physical, and Social Science Occupations in Binghamton, NY earns-15.0%below the national average.
$37.5
$1,501
$6,503
Life, Physical, and Social Science Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Life, Physical, and Social Science Occupations in Binghamton have experienced gradual growth over the past four years, mirroring broader economic trends and inflation. This upward trajectory is likely driven by increasing demand for specialized scientific expertise and the continuous need for research and development across various industries.
Life, Physical, and Social Science Occupations Salary Distribution in Binghamton, NY
Career progression within Life, Physical, and Social Science Occupations in Binghamton typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior scientists and lead researchers can command salaries substantially higher than the average. The widening percentile gaps between early-career and experienced professionals underscore the value placed on accumulated knowledge, specialized skills, and leadership capabilities in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $38,700 | $18.6 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $58,523 | $28.1 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $62,700 | $30.1 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $97,538 | $46.9 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $128,000 | $61.5 |
Detailed Life, Physical, and Social Science Occupations Market Analysis
Relocation Context
Nominal Salary
$78,030
Gross Pay
Real Wage (Purchasing Power)
$78,030
Adjusted for COL (100)
The average annual salary of $78,030 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 stable financial environment for professionals considering relocation or residing in the area.
Job Market Context
900
Total Jobs
9.31
Per 1K Jobs
0.99
Location Quotient
Binghamton, NY has 0.99x the national average concentration of Life, Physical, and Social Science Occupations 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 0.99, the job market for Life, Physical, and Social Science Occupations in Binghamton is nearly on par with the national concentration. This suggests a well-established presence of these roles, indicating a competitive yet accessible market for skilled professionals. The number of jobs per 1,000 workers (9.31) further reinforces this balance, implying a steady supply and demand dynamic.
Nearby Job Markets
Nearby Cities for Life, Physical, and Social Science Occupations
Comparing salaries near Binghamton, NY
Hiring Life, Physical, and Social Science Occupationss?
Frequently Asked Questions
How much does a Life, Physical, and Social Science Occupations make in Binghamton, NY?
The median annual salary for a Life, Physical, and Social Science Occupations in Binghamton, NY is $78,030. This typically ranges from $38,700 for entry-level positions to $128,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Binghamton, NY is 15.0% lower than the national median of $91,840.
Is Binghamton, NY a lucrative place for Life, Physical, and Social Science Occupationss?
No, not exceptionally lucrative compared to the national average.While the average salary of $78,030 is stable relative to the national cost of living, it falls below the national average salary for these occupations. The market concentration is average, indicating neither an oversupply nor a significant undersupply of these roles.
Is Binghamton, NY a good place to live for Life, Physical, and Social Science 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 ($74,940) and Elmira, NY.
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. This means that the general cost of goods and services, including housing, transportation, and utilities, is comparable to the rest of the United States.
What is the concentration of Life, Physical, and Social Science jobs in Binghamton?
The concentration of these jobs in Binghamton, measured by the Location Quotient, is 0.99. This indicates that the presence of Life, Physical, and Social Science Occupations in Binghamton is very close to the national average, suggesting a balanced industry presence.
How many Life, Physical, and Social Science jobs are there per 1,000 workers in Binghamton?
There are 9.31 jobs per 1,000 workers in Life, Physical, and Social Science Occupations in Binghamton. This metric provides insight into the relative prevalence of these roles within the local workforce.
Does experience significantly impact salary for these roles in Binghamton?
Yes, experience typically leads to higher salaries within Life, Physical, and Social Science Occupations. As professionals advance, their specialized skills and responsibilities increase, commanding higher compensation, with significant salary jumps seen from entry-level to senior positions.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 900 employees in the Binghamton, NY area with a job density of 9.31 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Life, Physical, and Social Science Occupations • Data source: BLS OEWS 2024 •Jobs in Binghamton, NY