NAICS 62

Healthcare and Social Assistance in Binghamton, NY

Metro Market Score 58.7 (Challenging), ranked #201 of 248 metros. 524 establishments, 16,894 jobs.

Metro Market Score 58.7

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national healthcare and social assistance average.

Market conditions for healthcare and social assistance in Binghamton are tougher than average. The 58.7 market score reflects a combination of high labor costs, mixed growth signals, and an already crowded field. Rank: #201 of 248 metros.

Industry Concentration

72.2

LQ: 1.23

Rank #179 of 248 metros

Wage Competitiveness

69.8

$66,279 avg wage

Growth Trend

↓ 41.9

Employment growth index

Rank #145 of 248 metros

Wage Pressure

29.1

YoY wage change index

524 Healthcare and Social Assistance Firms in Binghamton

524

Establishments

+1.7% YoY

16,894

Total Employment

+3.0% YoY

$66,279

Average Annual Wage

+0.6% YoY

1.23

Location Quotient

Above national avg

Within New York

#10 of 11

healthcare and social assistance metros in state

New York state rank

#39 of 51

for healthcare and social assistance entry risk

vs State Median

+8.0

worse than median (50.7)

Binghamton vs New York Statewide

How this metro's healthcare and social assistance market compares to New York overall. The state ranks #39/51 for entry risk.

Measure	Binghamton	NY Statewide
Overall Score	58.7 Challenging	48.2 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#201 of 248 metros	#39 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 Construction 50.0 Finance and Insurance 51.6 Information 54.9 Other Services 59.3 Retail Trade 60.2

Healthcare and Social Assistance in Other New York Metros

Glens Falls 36.9 #56/248 Buffalo-Cheektowaga 40.2 #70/248 Albany-Schenectady-Troy 43.6 #90/248 Elmira 45.6 #102/248 Watertown-Fort Drum 50.3 #136/248 Kingston 50.7 #140/248 Utica-Rome 51.2 #143/248 Rochester 56.0 #181/248 New York-Newark-Jersey City 57.5 #194/248 Kiryas Joel-Poughkeepsie-Newburgh 67.9 #230/248

Healthcare and Social Assistance Metros With Similar Conditions

Metros within 5 points of Binghamton's 58.7 score. Useful when comparing markets with comparable entry profiles.

Milwaukee-Waukesha, WI 58.5 #200/248 Owensboro, KY 59.2 #202/248 Port St. Lucie, FL 58.2 #199/248 Reading, PA 58.1 #198/248 Johnstown, PA 59.5 #203/248 Fargo, ND 59.5 #204/248 Waterbury-Shelton, CT 59.5 #205/248 Punta Gorda, FL 57.8 #197/248 Coeur d'Alene, ID 57.6 #196/248 Carson City, NV 57.5 #195/248

Healthcare and Social Assistance in States Bordering New York

State-level entry risk for healthcare and social assistance in adjacent states. Use this to weigh cross-border options.

Pennsylvania 29.5 #6/51 Connecticut 30.9 #8/51 Vermont 36.7 #20/51 New Jersey 45.1 #34/51 Massachusetts 48.4 #40/51

Browse Healthcare and Social Assistance in Other States

State-level entry risk reports for healthcare and social assistance 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 healthcare and social assistance sector, the industry concentration component (72.2) 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