Binghamton, NY vs Melville, NY

The cost of living difference between Binghamton, NY and Melville, NY is dramatic. Binghamton is 67.5% cheaper than Melville, a gap that translates to thousands of dollars per year in household expenses. Binghamton has a cost index of 68 while Melville sits at 209, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Binghamton is $867/month compared to $3,501/month in Melville — a 75% difference. Home values follow the same pattern: Binghamton is more affordable at $117,400 median vs $778,400.

Median household income in Binghamton is $44,331 compared to $155,675 in Melville (-71.5%). While Melville 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, less than the 27% in Melville.

Climate-wise, Melville is notably warmer with an average of 53.4°F compared to 46.3°F in Binghamton. Binghamton receives more rainfall at 42" per year compared to 38.3" in Melville.