Albany, NY vs Binghamton, NY

There is a significant gap in the cost of living between these two cities. Binghamton is 29.7% cheaper than Albany. With a cost index of 68 vs 88, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Binghamton to Albany should plan for substantially higher expenses across most categories.

On the housing front, median rent in Albany is $1,178/month compared to $867/month in Binghamton — a 36% difference. Home values follow the same pattern: Binghamton is more affordable at $117,400 median vs $223,000.

Median household income in Albany is $59,485 compared to $44,331 in Binghamton (+34.2%). While Albany is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Albany spend roughly 23.8% of their income on rent, more than the 23.5% in Binghamton.

Climate-wise, Albany is notably warmer with an average of 49.4°F compared to 46.3°F in Binghamton. Binghamton receives more rainfall at 42" per year compared to 40.7" in Albany.