Binghamton, NY vs Oswego, NY

Binghamton is moderately more affordable than Oswego, with a 8.1% lower cost of living index. Binghamton scores 68 compared to 74 for Oswego, where the US average is 100. This difference means residents of Oswego can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Binghamton is $867/month compared to $1,031/month in Oswego — a 16% difference. Interestingly, home values tell a different story: while Binghamton has cheaper rent, Oswego actually has lower median home values ($114,600 vs $117,400).

Median household income in Binghamton is $44,331 compared to $53,286 in Oswego (-16.8%). While Oswego 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 23.2% in Oswego.

Climate-wise, both cities share similar average temperatures (46.3°F vs 47.3°F). Binghamton receives more rainfall at 42" per year compared to 39.6" in Oswego.