Binghamton, NY vs Lackawanna, NY

Binghamton, NY and Lackawanna, NY have a very similar cost of living, with only a 0.6% difference in their overall index. Binghamton scores 68 while Lackawanna scores 69 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Binghamton is $867/month compared to $823/month in Lackawanna — a 5% difference. Interestingly, home values tell a different story: while Lackawanna has cheaper rent, Binghamton actually has lower median home values ($117,400 vs $126,500).

Median household income in Binghamton is $44,331 compared to $48,185 in Lackawanna (-8%). While Lackawanna 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 20.5% in Lackawanna.

Climate-wise, both cities share similar average temperatures (46.3°F vs 48.8°F). Binghamton receives more rainfall at 42" per year compared to 40.7" in Lackawanna.