Average Miscellaneous Assemblers and Fabricators Salary in Binghamton, NY
In Binghamton, NY, Miscellaneous Assemblers and Fabricators earn an average annual salary of $40,220. This figure falls below the national average of $44,850, suggesting that local market dynamics and potentially a lower cost of living contribute to this compensation difference. Understanding these local factors is crucial for anyone in this field in the Binghamton area.
Executive Summary
- Average Salary: $40,220 per year.
- Growth Trend: Salaries have shifted 25.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $48,060.
- Outlook: With a local workforce of 550 individuals in this role, Binghamton presents a moderately sized labor pool for Miscellaneous Assemblers and Fabricators. The Location Quotient of 0.6 indicates that this profession is less concentrated in Binghamton compared to the national average, suggesting a stable but not exceptionally high demand for these specialized skills within the region.
Salary Overview
The average Miscellaneous Assemblers and Fabricators in Binghamton, NY earns-10.3%below the national average.
$19.3
$773
$3,352
Miscellaneous Assemblers and Fabricators Salary Trends (2020-2024)
While specific historical data for Binghamton's Miscellaneous Assemblers and Fabricators is not provided, it's reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic shifts and inflation typically drive incremental increases in compensation for skilled labor, indicating a potentially positive trajectory for future earnings in this sector.
Miscellaneous Assemblers and Fabricators Salary Distribution in Binghamton, NY
Salary progression for Miscellaneous Assemblers and Fabricators in Binghamton, NY, typically scales with experience and skill specialization. Entry-level positions will naturally command lower salaries, while seasoned professionals with advanced fabrication techniques or supervisory responsibilities can expect significantly higher compensation. The percentile gaps in earnings clearly signify the career advancement opportunities available within this trade.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $32,420 | $15.6 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $30,165 | $14.5 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $40,050 | $19.3 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $50,275 | $24.2 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $48,060 | $23.1 |
Detailed Miscellaneous Assemblers and Fabricators Market Analysis
Relocation Context
Nominal Salary
$40,220
Gross Pay
Real Wage (Purchasing Power)
$40,220
Adjusted for COL (100)
The nominal average salary of $40,220 in Binghamton, NY, aligns precisely with the national average Cost of Living Index of 100. This means that while the salary is lower than the national average, the purchasing power of that income is comparable to the national standard, making the effective financial standing relatively balanced.
Job Market Context
550
Total Jobs
5.707
Per 1K Jobs
0.6
Location Quotient
Binghamton, NY has 0.60x the national average concentration of Miscellaneous Assemblers and Fabricators 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 0.6 for Miscellaneous Assemblers and Fabricators in Binghamton signifies that this profession is less prevalent in the local job market compared to the national landscape. This suggests that while opportunities exist, the market may be less saturated, potentially offering a more stable employment environment for skilled individuals, though competition might be less fierce than in highly concentrated areas.
Nearby Job Markets
Nearby Cities for Miscellaneous Assemblers and Fabricators
Comparing salaries near Binghamton, NY
Hiring Miscellaneous Assemblers and Fabricatorss?
Frequently Asked Questions
How much does a Miscellaneous Assemblers and Fabricators make in Binghamton, NY?
The median annual salary for a Miscellaneous Assemblers and Fabricators in Binghamton, NY is $40,220. This typically ranges from $32,420 for entry-level positions to $48,060 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Binghamton, NY is 10.3% lower than the national median of $44,850.
Is Binghamton, NY a lucrative place for Miscellaneous Assemblers and Fabricators?
No, not particularly lucrative compared to the national average.The average salary of $40,220 is below the national average of $44,850. However, the cost of living is also at the national average, meaning purchasing power is similar.
Is Binghamton, NY a good place to live for Miscellaneous Assemblers and Fabricators?
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 Elmira, NY ($47,310) and Southwest New York nonmetropolitan area.
How does Binghamton's assembler salary compare to the national average?
The average annual salary for Miscellaneous Assemblers and Fabricators in Binghamton, NY is $40,220, which is lower than the national average of $44,850.
What is the concentration of Miscellaneous Assemblers and Fabricators in Binghamton?
The concentration, measured by the Location Quotient, is 0.6, indicating that this profession is less common in Binghamton than 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 $40,220 salary has a purchasing power equivalent to the national average, despite being lower in nominal terms.
What is the size of the Miscellaneous Assemblers and Fabricators workforce in Binghamton?
There are approximately 550 Miscellaneous Assemblers and Fabricators employed 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 550 employees in the Binghamton, NY area with a job density of 5.707 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Miscellaneous Assemblers and Fabricators • Data source: BLS OEWS 2024 •Jobs in Binghamton, NY