Binghamton, New York - Community Profile

Binghamton MSA population: 244,694
Source: U.S. Census Bureau, 2010

The Greater Binghamton economy is Upstate New York's sixth largest generating nearly $7 billion in economic activity per year. The region is ranked in the top 10 for creativity among communities its size in the United States.

Major employers:
Binghamton University
Lockheed Martin
United Health Services
Gannett
Lourdes Hospital
IBM
Endicott Interconnect Technologies
BAE Systems
Maines Paper & Food Service, Inc.
NYSEG
Matco Electric Corporation
Sanmina
Universal Instruments Corp.
Frito-Lay Inc.
NCI

Binghamton NY Top Employers:
Top 25 Employers 2011

Demographics:
20-24 yrs, 6.7%, 16,883
25-34 yrs, 11.3%, 28,450
35-44 yrs, 16%, 40,265
45-54 yrs, 13.6%, 34,221
55-59 yrs, 5.1%, 12,844
60-64 yrs, 4.4%, 11,042

Labor Market Profile:
Binghamton MSA, December 2011

Average wages:
Bureau of Labor Statistics, Binghamton, NY

Utilities:
NYSEG Programs & Incentives

Crime:
The Farmers Insurance Group ranks Greater Binghamton as the 11th most secure city among places with populations between 150,000 and 500,000.

Education:
Binghamton University is ranked among the nation's top 50 public universities, and was recently named the number one out of state value by Kiplinger's.  Our K-12 system includes some top ranked schools in New York and the U.S.

Broome Community College is recognized as one of the finest community colleges in the United States.

Arts/recreation:
Greater Binghamton offers the Tri-Cities Opera, a symphony, Champions Tour Golf, strong minor league baseball and hockey, Division I collegiate athletics, and a fast-growing arts scene.  We are close to the Adirondacks, the Poconos, and the tremendous fly-fishing along the Delaware River.  We are also a short distance from the Finger Lakes, featured by Wine Spectator as one of the emerging wine regions in the world.

Industrial/Commercial Real Estate:
The Greater Binghamton commercial market has 31.8 million SF of industrial space and 5.5 million SF of office space.
2009-2010 Market Review

Residential Real Estate:
The median sale price for an existing single family home in 2009 was 115,000 up 5% from 2008 and 6.8% from 2007. Greater Binghamton is among the top ten U.S. cities with the highest increase in home values over the last decade. Binghamton's rate of home foreclosures remains well below the national average.
Greater Binghamton Association of Realtors, Inc

Places to Stay:
Comfort Suites
3401 Vestal Parkway East
Vestal, NY 13850-2147
(607) 766-0600

Courtyard by Marriot
3801 Vestal Parkway East
Vestal, NY 13850
(607) 644-1000

Fairfield Inn by Marriot
864 Upper Front Street
Binghamton, NY 13905
(866) 541-6200

Holiday Inn Express, Binghamton University
3615 Vestal Parkway East
Vestal, NY 13850
(607) 348-0088

Hampton Inn
630 Field Street
Johnson City, NY 13790
(607) 729-9125

Hampton Inn & Suites
3708 Vestal Parkway East
Vestal, NY 13850
(607) 797-5000

Residence Inn by Marriot
4610 Vestal Parkway East
Vestal, NY 13850
(607) 770-8500

Transportation:

The Greater Binghamton Airport offers convenient flights each day to and from Detroit, Philadelphia and Washington Dulles.

Interstates 81 & 88 meet in Binghamton.  Route 17 (soon to be I-86) also runs through the region.

Rail:
Norfolk Southern, Canadian Pacific, CSX, and New York Susquehanna & Western (NYS&W) all serve Binghamton.

Weather:
Average Temperatures:
Spring, 39-49
Summer, 64-70
Fall, 44-52
Winter, 18-31
Source: National Weather Service Binghamton

Average precipitation:
Spring, rain 10", snow 19"
Summer, rain 11"
Fall, rain 10", snow 9"
Winter, rain 9", snow 54"
Source: National Weather Service Binghamton