NAICS 23

Construction in Binghamton, NY

Metro Market Score 50.0 (Challenging), ranked #191 of 342 metros. 472 establishments, 4,074 jobs.

Metro Market Score 50.0

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national construction average.

💰High-Cost Market

At #191 of 342 metros, Binghamton's construction sector scores 50.0 on the market index. Concentration (24.0), wage levels (79.0), and growth (46.8) all track close to the median. Local factors like lease costs and client access will matter more than macro signals.

Industry Concentration

24.0

LQ: 0.81

Rank #82 of 342 metros

Wage Competitiveness

79.0

$80,193 avg wage

Growth Trend

46.8

Employment growth index

Rank #183 of 342 metros

Wage Pressure

41.3

YoY wage change index

472 Construction Firms in Binghamton

472

Establishments

-2.3% YoY

4,074

Total Employment

+1.5% YoY

$80,193

Average Annual Wage

+7.5% YoY

0.81

Location Quotient

Below national avg

Within New York

#5 of 12

construction metros in state

New York state rank

#37 of 51

for construction entry risk

vs State Median

-1.5

better than median (51.5)

Binghamton vs New York Statewide

How this metro's construction market compares to New York overall. The state ranks #37/51 for entry risk.

Measure	Binghamton	NY Statewide
Overall Score	50.0 Challenging	51.1 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#191 of 342 metros	#37 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Binghamton

Real Estate and Rental and Leasing 40.2 Accommodation and Food Services 47.1 Finance and Insurance 51.6 Information 54.9 Healthcare and Social Assistance 58.7 Other Services 59.3 Retail Trade 60.2

Construction in Other New York Metros

Elmira 31.2 #46/342 Ithaca 31.6 #48/342 Watertown-Fort Drum 42.6 #124/342 Utica-Rome 43.9 #136/342 Buffalo-Cheektowaga 51.1 #207/342 Kingston 51.5 #211/342 Kiryas Joel-Poughkeepsie-Newburgh 53.2 #228/342 Glens Falls 54.5 #238/342 Albany-Schenectady-Troy 55.5 #250/342 Syracuse 58.5 #275/342

+ 1 more metros. View all in New York →

Construction Metros With Similar Conditions

Metros within 5 points of Binghamton's 50.0 score. Useful when comparing markets with comparable entry profiles.

Boise City, ID 50.0 #192/342 Decatur, IL 50.0 #193/342 Detroit-Warren-Dearborn, MI 50.0 #194/342 Prescott Valley-Prescott, AZ 50.1 #195/342 Niles, MI 50.1 #196/342 Salisbury, MD 50.1 #197/342 Akron, OH 49.8 #188/342 Charleston-North Charleston, SC 49.8 #189/342 Cedar Rapids, IA 49.8 #190/342 Champaign-Urbana, IL 49.7 #187/342

Construction in States Bordering New York

State-level entry risk for construction in adjacent states. Use this to weigh cross-border options.

Pennsylvania 28.4 #3/51 Vermont 40.0 #21/51 Massachusetts 41.5 #23/51 Connecticut 43.2 #27/51 New Jersey 48.3 #33/51

Browse Construction in Other States

State-level entry risk reports for construction across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Binghamton's construction sector, the wage competitiveness component (79.0) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Binghamton, NY MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment