Average Medical and Health Services Managers Salary in Binghamton, NY
Medical and Health Services Managers in Binghamton, NY, command an impressive average annual salary of $166,320, significantly surpassing the national average of $137,170. This elevated compensation likely reflects a combination of specialized local healthcare needs and the specific demands placed upon these critical administrative roles within the Binghamton area's healthcare infrastructure.
Executive Summary
- Average Salary: $166,320 per year.
- Growth Trend: Salaries have shifted 8.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $249,480.
- Outlook: The Binghamton market for Medical and Health Services Managers, while having a total local workforce of 200, presents a nuanced picture. The Location Quotient of 0.57 suggests a concentration below the national average, indicating that while demand exists, the field is not as densely populated with these professionals as in other regions. This could imply a stable, albeit not rapidly expanding, job market for experienced individuals.
Salary Overview
The average Medical and Health Services Managers in Binghamton, NY earns+21.3%above the national average.
$80
$3,198
$13,860
Medical and Health Services Managers Salary Trends (2020-2024)
While specific historical data for Binghamton is not provided, it is reasonable to assume that salaries for Medical and Health Services Managers have experienced consistent growth over the past four years, mirroring national trends. Factors such as increasing healthcare complexity, an aging population, and evolving regulatory landscapes typically drive upward pressure on compensation for these vital roles.
Medical and Health Services Managers Salary Distribution in Binghamton, NY
Career progression for Medical and Health Services Managers typically involves a substantial salary increase with experience. Entry-level positions may start closer to the lower percentiles, while senior roles, with their greater responsibilities and strategic oversight, command salaries at the higher end of the spectrum. The significant percentile gaps observed in salary distributions clearly signify the career advancement and earning potential available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $82,590 | $39.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $124,740 | $60 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $132,950 | $63.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $207,900 | $100 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $249,480 | $119.9 |
Detailed Medical and Health Services Managers Market Analysis
Relocation Context
Nominal Salary
$166,320
Gross Pay
Real Wage (Purchasing Power)
$166,320
Adjusted for COL (100)
The nominal average annual salary of $166,320 in Binghamton, NY, is particularly attractive when juxtaposed with a Cost of Living Index of 100, which is precisely the national average. This means that the purchasing power of a Medical and Health Services Manager's salary in Binghamton is equivalent to the national standard, allowing for a comfortable lifestyle without the premium often associated with higher-paying metropolitan areas.
Job Market Context
200
Total Jobs
2.073
Per 1K Jobs
0.57
Location Quotient
Binghamton, NY has 0.57x the national average concentration of Medical and Health Services Managers 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 0.57, Binghamton, NY, indicates a lower concentration of Medical and Health Services Managers compared to the national average. This suggests that while the profession is present and valued, the market is not oversaturated. Professionals in this field may find a less competitive landscape, potentially leading to greater opportunities for those seeking roles or career advancement.
Nearby Job Markets
Nearby Cities for Medical and Health Services Managers
| City | Salary | Dist. |
|---|---|---|
| Ithaca, NY Medical and Health Services Managers Salary | $130,350↓ 22% | 39 mi |
| Elmira, NY Medical and Health Services Managers Salary | $134,770↓ 19% | 46 mi |
| Southwest New York nonmetropolitan area Medical and Health Services Managers Salary | $126,200↓ 24% | 49 mi |
| Central East New York nonmetropolitan area Medical and Health Services Managers Salary | $140,790↓ 15% | 49 mi |
| Capital/Northern New York nonmetropolitan area Medical and Health Services Managers Salary | $143,050↓ 14% | 49 mi |
Comparing salaries near Binghamton, NY
Hiring Medical and Health Services Managerss?
Frequently Asked Questions
How much does a Medical and Health Services Managers make in Binghamton, NY?
The median annual salary for a Medical and Health Services Managers in Binghamton, NY is $166,320. This typically ranges from $82,590 for entry-level positions to $249,480 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Binghamton, NY is 21.3% higher than the national median of $137,170.
Is Binghamton, NY a lucrative place for Medical and Health Services Managers?
Yes, Binghamton, NY offers lucrative opportunities for Medical and Health Services Managers.The average salary of $166,320 significantly exceeds the national average, and the cost of living is on par with the national average, enhancing earning potential.
Is Binghamton, NY a good place to live for Medical and Health Services Managers?
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 ($130,350) and Elmira, NY.
How does Binghamton's salary compare to the national average?
Medical and Health Services Managers in Binghamton earn an average of $166,320 annually, which is considerably higher than the national average of $137,170.
What is the job concentration for this role in Binghamton?
The Location Quotient for Medical and Health Services Managers in Binghamton is 0.57, indicating a lower concentration compared to the national average.
How does the cost of living affect the salary in Binghamton?
Binghamton's Cost of Living Index is 100, matching the national average. This means the higher salary offers strong purchasing power locally.
What does the number of jobs per 1,000 workers suggest?
With 2.073 jobs per 1,000 workers, Binghamton shows a moderate presence of Medical and Health Services Manager roles relative to its overall workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Binghamton, NY area with a job density of 2.073 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Medical and Health Services Managers • Data source: BLS OEWS 2024 •Jobs in Binghamton, NY