Binghamton, NY vs Lockport, NY

Binghamton, NY and Lockport, NY have a very similar cost of living, with only a 4.8% difference in their overall index. Binghamton scores 68 while Lockport scores 72 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 $909/month in Lockport — a 5% difference. Home values follow the same pattern: Binghamton is more affordable at $117,400 median vs $131,800.

Median household income in Binghamton is $44,331 compared to $59,153 in Lockport (-25.1%). While Lockport 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 18.4% in Lockport.

Climate-wise, both cities share similar average temperatures (46.3°F vs 47.7°F). Binghamton receives more rainfall at 42" per year compared to 33" in Lockport.