Average Physical Therapists Salary in Binghamton, NY
Physical Therapists in Binghamton, NY, earn an average annual salary of $91,640. This figure is notably below the national average of $102,240, suggesting that local market dynamics and potentially regional demand influence compensation. While the cost of living in Binghamton is aligned with the national average, this salary differential warrants a closer look at the local job market.
Executive Summary
- Average Salary: $91,640 per year.
- Growth Trend: Salaries have shifted 15.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $114,400.
- Outlook: Binghamton, NY, hosts a concentrated workforce of Physical Therapists, indicated by a Location Quotient of 1.31, which is 31% higher than the national average. With approximately 2.106 Physical Therapists per 1,000 workers and a total local workforce of 200, the demand appears stable and potentially growing, suggesting a robust job market for these professionals within the region.
Salary Overview
The average Physical Therapists in Binghamton, NY earns-10.4%below the national average.
$44.1
$1,762
$7,637
Physical Therapists Salary Trends (2020-2024)
While specific historical data for Binghamton is not provided, it's reasonable to assume that salaries for Physical Therapists in the area have experienced steady growth over the past four years, mirroring national trends. Factors such as increasing healthcare needs, an aging population, and advancements in physical therapy techniques likely contribute to this upward salary trajectory.
Physical Therapists Salary Distribution in Binghamton, NY
Career progression for Physical Therapists in Binghamton, NY, is typically marked by increasing earning potential. Entry-level positions may start at a lower percentile, but with experience, specialization, and the acquisition of advanced certifications, professionals can advance to senior roles commanding higher salaries. The salary distribution across experience levels signifies clear opportunities for career and financial growth within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $69,000 | $33.2 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $68,730 | $33 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $89,510 | $43 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $114,550 | $55.1 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $114,400 | $55 |
Detailed Physical Therapists Market Analysis
Relocation Context
Nominal Salary
$91,640
Gross Pay
Real Wage (Purchasing Power)
$91,640
Adjusted for COL (100)
The average annual salary of $91,640 for Physical Therapists 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 a Physical Therapist's salary in Binghamton is equivalent to the national average, offering a stable financial standing without significant cost-of-living advantages or disadvantages compared to the rest of the country.
Job Market Context
200
Total Jobs
2.106
Per 1K Jobs
1.31
Location Quotient
With a location quotient of 1.31, Binghamton, NY has a slightly higher-than-average concentration of Physical Therapists roles compared to the national norm.
With a Location Quotient of 1.31, Binghamton, NY, demonstrates a higher concentration of Physical Therapists than the national average. This suggests a specialized market where demand may be robust relative to the general workforce, potentially leading to competitive opportunities for skilled professionals. While not saturated, the market indicates a notable presence and reliance on physical therapy services within the community.
Nearby Job Markets
Nearby Cities for Physical Therapists
| City | Salary | Dist. |
|---|---|---|
| Ithaca, NY Physical Therapists Salary | $88,140↓ 4% | 39 mi |
| Elmira, NY Physical Therapists Salary | $87,030↓ 5% | 46 mi |
| Southwest New York nonmetropolitan area Physical Therapists Salary | $87,460↓ 5% | 49 mi |
| Central East New York nonmetropolitan area Physical Therapists Salary | $89,810↓ 2% | 49 mi |
| Capital/Northern New York nonmetropolitan area Physical Therapists Salary | $93,840↑ 2% | 49 mi |
Comparing salaries near Binghamton, NY
Hiring Physical Therapistss?
Frequently Asked Questions
How much does a Physical Therapists make in Binghamton, NY?
The median annual salary for a Physical Therapists in Binghamton, NY is $91,640. This typically ranges from $69,000 for entry-level positions to $114,400 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Binghamton, NY is 10.4% lower than the national median of $102,240.
Is Binghamton, NY a lucrative place for Physical Therapists?
No, not significantly more lucrative than the national average.While the cost of living is at the national average, the average salary for Physical Therapists in Binghamton is below the national average. However, the concentrated workforce suggests stable demand.
Is Binghamton, NY a good place to live for Physical Therapists?
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 ($88,140) and Elmira, NY.
How does Binghamton's Physical Therapist salary compare to the national average?
Physical Therapists in Binghamton, NY, earn an average of $91,640 annually, which is less than the national average of $102,240.
What is the cost of living in Binghamton, NY for Physical Therapists?
The cost of living in Binghamton, NY, is exactly at the national average, with an index of 100, meaning your salary's purchasing power is comparable to the national standard.
Is there high demand for Physical Therapists in Binghamton, NY?
The Location Quotient of 1.31 indicates a higher concentration of Physical Therapists than the national average, suggesting a specialized and potentially robust demand within the local job market.
How many Physical Therapists are there in Binghamton, NY?
Binghamton, NY, has a local workforce of 200 Physical Therapists, with approximately 2.106 jobs per 1,000 workers in the area.
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 2.106 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Physical Therapists • Data source: BLS OEWS 2024 •Jobs in Binghamton, NY