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Binghamton Metro Area

Binghamton is located in the Southern Tier region of New York State near the Pennsylvania border, and the metropolitan area is home to almost 250,000 people. Though manufacturing remains a key sector for the region, Binghamton lost 70 percent of its manufacturing base since 1990—one of the largest declines for any metropolitan area in the nation. As manufacturing has waned and the economy has restructured, the education and health and leisure and hospitality sectors have become increasingly important. Binghamton University has become the region’s economic centerpiece and has helped stabilize an otherwise struggling area.

Economic and Demographic Trends
Binghamton Ithaca* Elmira* New York State USA
Population1 247,000 106,000 84,000 20,201,000 331,449,000
Pop growth, 10-year change1 -1.8% 4.1% -5.3% 4.2% 7.4%
GDP, billions1 $11 $6 $4 $1,725 $20,894
Job growth, 5-year change2 -8.1% -6.2% -8.0% -4.1% 1.2%
Median household income1 $52,200 $63,800 $53,000 $72,600 $67,000
Median home price1 $125,000 $210,000 $112,000 $350,000 $250,000
Pop share age 25+ with BA+1 28.3% 52.4% 26.2% 39.4% 35.1%

1 2020

2 2021

* Neighboring Metros

Sources: U.S. Census Bureau; U.S. Bureau of Labor Statistics; U.S. Bureau of Economic Analysis; IPUMS USA-University of Minnesota. Data retrieved through data.census.gov, Moody's Economy.com, or directly from source.

Reports & Analysis
Press Briefing: The Region’s Recovery from the Pandemic Recession (April 13, 2023)
LSE Blog: The Tri-State Region’s Recovery from the Pandemic Recession Three Years On (April 13, 2023)
Regional Employment Trends (March 10, 2023)
Richard Deitz's Briefing on Regional Economic Conditions (March 7, 2023, New York State)
Press Briefing: Employment and Housing Conditions in the Second District (Nov 10, 2022)
A Look at the New York-Northern New Jersey Region’s Pandemic Housing Boom (Nov 10, 2022)
Jaison Abel's Briefing on Economic Conditions in the Region (Nov 5, 2021)
Severe Supply Disruptions Are Impeding Business Activity in the Region (Oct 21, 2021)
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