Binghamton, NY vs Cohoes, NY

There is a significant gap in the cost of living between these two cities. Binghamton is 21.9% cheaper than Cohoes. With a cost index of 68 vs 87, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Binghamton to Cohoes should plan for substantially higher expenses across most categories.

On the housing front, median rent in Binghamton is $867/month compared to $1,179/month in Cohoes — a 27% difference. Home values follow the same pattern: Binghamton is more affordable at $117,400 median vs $209,400.

Median household income in Binghamton is $44,331 compared to $62,111 in Cohoes (-28.6%). While Cohoes is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Binghamton spend roughly 23.5% of their income on rent, more than the 22.8% in Cohoes.

Climate-wise, Cohoes 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 Cohoes.