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Carpenter Salary in Binghamton, NY β€” 2026 Guide

Estimated salaries are adjusted for Binghamton's cost of living (index: 83). National data from BLS OEWS 2024; city adjustments reflect local market conditions.

Carpenter Salary in Binghamton β€” Key Numbers

$46,771
Median Salary
$33,856
25th Percentile
$61,594
75th Percentile
$79,531
90th Percentile
National median (Carpenter)$56,350
vs. National median-17.0%
Binghamton median household income$50,600
vs. City household income-7.6%

Cost of Living in Binghamton

Cost of Living Index
83(100 = avg)
Median Monthly Rent$900/mo
Rent-to-Income Ratio23.1%
Annual rent cost$10,800
Median Home Price$145,000
Home Price / Salary3.1Γ—
20% Down Payment$29,000
Years to save (20% rate)3.1 yrs

Rent-to-income below 28% is considered affordable; above 35% is cost-burdened. Home price multiple below 3Γ— is affordable; above 5Γ— is expensive by traditional guidelines.

Job Market in Binghamton

4.6%
Unemployment Rate
250,000
Metro Population
21 min
Avg Commute
37.2
Median Age

Binghamton has a metro population of 250,000, offering a growing job market with opportunities especially in established local industries. The 4.6% unemployment rate is near the national average.

Frequently Asked Questions

How much does a Carpenter make in Binghamton, NY?

The estimated median salary for a Carpenter in Binghamton is $46,771 per year (2026). This is derived from the national BLS median of $56,350 adjusted by Binghamton's cost of living index (83). The typical salary range runs from $33,856 (25th percentile) to $61,594 (75th percentile), with top earners reaching $79,531.

Is Binghamton affordable for a Carpenter?

On a $46,771 annual salary, a Carpenter in Binghamton would spend approximately 23.1% of gross monthly income on median rent ($900/month). This is well within the 28% affordability threshold, making Binghamton relatively affordable for this profession. The median home price of $145,000 is 3.1Γ— the annual salary.

How does a Carpenter's salary compare to Binghamton's overall income?

Binghamton's median household income is $50,600. A Carpenter earning the city-adjusted median of $46,771 earns 7.6% less than the typical Binghamton household income. This may reflect that the profession is entry-level or that Binghamton has a particularly high median household income due to high-earning industries.

Salary data from U.S. Bureau of Labor Statistics (BLS) OEWS, 2024 release. City salary estimates adjusted by cost of living index. City data from Census Bureau, BLS, Zillow, and ApartmentAdvisor (2024–2025). Last updated: March 2026.