Average Nurse Practitioners Salary in Binghamton, NY
Nurse Practitioners in Binghamton, NY, command an impressive average annual salary of $137,660. This figure notably surpasses the national average of $131,710, suggesting that the local demand and specific healthcare needs within Binghamton contribute to a higher compensation structure for these vital professionals.
Executive Summary
- Average Salary: $137,660 per year.
- Growth Trend: Salaries have shifted 24.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $172,950.
- Outlook: With a concentrated local workforce of 300 Nurse Practitioners and a Location Quotient of 1.54, Binghamton exhibits a robust demand for this profession. The concentration exceeding the national average indicates a specialized need for these skills within the region, pointing towards a stable and potentially growing job market for Nurse Practitioners.
Salary Overview
The average Nurse Practitioners in Binghamton, NY earns+4.5%above the national average.
$66.2
$2,647
$11,472
Nurse Practitioners Salary Trends (2020-2024)
While specific historical data for Binghamton is not provided, it is reasonable to assume that Nurse Practitioner salaries in the region have experienced consistent growth over the past four years, mirroring national trends. Factors such as increasing healthcare demands, an aging population, and advancements in medical practice likely contribute to this upward salary trajectory.
Nurse Practitioners Salary Distribution in Binghamton, NY
Salary progression for Nurse Practitioners in Binghamton is significantly influenced by experience. Entry-level positions typically start lower, while seasoned professionals with specialized skills and extensive experience can command salaries well above the average. The widening gap between entry-level and senior-level compensation underscores clear opportunities for career advancement and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $110,620 | $53.2 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $103,245 | $49.6 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $134,280 | $64.6 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $172,075 | $82.7 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $172,950 | $83.1 |
Detailed Nurse Practitioners Market Analysis
Relocation Context
Nominal Salary
$137,660
Gross Pay
Real Wage (Purchasing Power)
$137,660
Adjusted for COL (100)
The average annual salary of $137,660 in Binghamton, NY, aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the purchasing power of a Nurse Practitioner's salary in Binghamton is equivalent to the national standard, offering a stable financial environment without the added pressure of a higher cost of living.
Job Market Context
300
Total Jobs
3.072
Per 1K Jobs
1.54
Location Quotient
Binghamton, NY has 1.5x the national concentration of Nurse Practitioners jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
A Location Quotient of 1.54 signifies that Nurse Practitioners are 54% more concentrated in Binghamton than the national average. This suggests a higher demand relative to the general workforce, indicating a competitive market where employers may need to offer attractive compensation packages to secure and retain skilled professionals.
Nearby Job Markets
Nearby Cities for Nurse Practitioners
| City | Salary | Dist. |
|---|---|---|
| Ithaca, NY Nurse Practitioners Salary | $134,510↓ 2% | 39 mi |
| Elmira, NY Nurse Practitioners Salary | $135,130↓ 2% | 46 mi |
| Southwest New York nonmetropolitan area Nurse Practitioners Salary | $130,140↓ 5% | 49 mi |
| Central East New York nonmetropolitan area Nurse Practitioners Salary | $133,020↓ 3% | 49 mi |
| Capital/Northern New York nonmetropolitan area Nurse Practitioners Salary | $137,070↓ 0% | 49 mi |
Comparing salaries near Binghamton, NY
Hiring Nurse Practitionerss?
Frequently Asked Questions
How much does a Nurse Practitioners make in Binghamton, NY?
The median annual salary for a Nurse Practitioners in Binghamton, NY is $137,660. This typically ranges from $110,620 for entry-level positions to $172,950 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Binghamton, NY is 4.5% higher than the national median of $131,710.
Is Binghamton, NY a lucrative place for Nurse Practitioners?
Yes, Binghamton, NY offers a lucrative environment for Nurse Practitioners.Nurse Practitioners in Binghamton earn approximately $5,950 more annually than the national average. Coupled with a cost of living that matches the national average, this makes the location financially advantageous.
Is Binghamton, NY a good place to live for Nurse Practitioners?
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 ($134,510) and Elmira, NY.
How does the Binghamton Nurse Practitioner salary compare to the national average?
The average annual salary for Nurse Practitioners in Binghamton, NY is $137,660, which is higher than the national average of $131,710.
What is the cost of living in Binghamton, NY for Nurse Practitioners?
The cost of living in Binghamton, NY is exactly at the national average, indicated by a Cost of Living Index of 100.
Is there high demand for Nurse Practitioners in Binghamton, NY?
Yes, the Location Quotient of 1.54 suggests a higher concentration of Nurse Practitioners than the national average, indicating strong local demand.
How many Nurse Practitioners are there in Binghamton, NY?
There are approximately 300 Nurse Practitioners 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 300 employees in the Binghamton, NY area with a job density of 3.072 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Nurse Practitioners • Data source: BLS OEWS 2024 •Jobs in Binghamton, NY