NAICS 81

Other Services in Binghamton, NY

Metro Market Score 59.3 (Challenging), ranked #241 of 332 metros. 522 establishments, 3,452 jobs.

Metro Market Score 59.3

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national other services average.

Binghamton's other services sector saw employment decline over the past year (growth trend: 15.4). That contraction, combined with a 59.3 market score, puts this metro in the lower half for market conditions. Understand why the local market is shrinking before committing.

Industry Concentration

86.5

LQ: 1.19

Rank #287 of 332 metros

Wage Competitiveness

4.2

$34,571 avg wage

Growth Trend

↓ 15.4

Employment growth index

Rank #282 of 332 metros

Wage Pressure

56.0

YoY wage change index

522 Other Services Firms in Binghamton

522

Establishments

-0.6% YoY

3,452

Total Employment

-1.6% YoY

$34,571

Average Annual Wage

+4.9% YoY

1.19

Location Quotient

Above national avg

Within New York

#7 of 13

other services metros in state

New York state rank

#47 of 51

for other services entry risk

vs State Median

0.0

matches median (59.3)

Binghamton vs New York Statewide

How this metro's other services market compares to New York overall. The state ranks #47/51 for entry risk.

Measure	Binghamton	NY Statewide
Overall Score	59.3 Challenging	57.7 High
Score Type	Metro Market Score	Entry Risk Score
Rank	#241 of 332 metros	#47 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 Healthcare and Social Assistance 58.7 Retail Trade 60.2

Other Services in Other New York Metros

Glens Falls 34.5 #50/332 Elmira 39.5 #75/332 Utica-Rome 42.7 #93/332 Watertown-Fort Drum 48.6 #144/332 Kingston 52.0 #177/332 Syracuse 53.0 #190/332 Rochester 59.3 #242/332 Ithaca 60.1 #254/332 Buffalo-Cheektowaga 60.2 #255/332 Albany-Schenectady-Troy 61.4 #262/332

+ 2 more metros. View all in New York →

Other Services Metros With Similar Conditions

Metros within 5 points of Binghamton's 59.3 score. Useful when comparing markets with comparable entry profiles.

San Diego-Chula Vista-Carlsbad, CA 59.2 #239/332 Jackson, MI 59.2 #240/332 Rochester, NY 59.3 #242/332 Saginaw, MI 59.2 #238/332 Lakeland-Winter Haven, FL 59.4 #243/332 Beaumont-Port Arthur, TX 59.5 #244/332 Austin-Round Rock-San Marcos, TX 59.5 #245/332 Charleston-North Charleston, SC 59.5 #246/332 Johnstown, PA 58.9 #237/332 Daphne-Fairhope-Foley, AL 59.7 #247/332

Other Services in States Bordering New York

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

Pennsylvania 39.5 #17/51 Vermont 51.6 #41/51 New Jersey 53.8 #43/51 Massachusetts 58.0 #48/51 Connecticut 59.1 #49/51

Browse Other Services in Other States

State-level entry risk reports for other services 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 other services sector, the employment growth component (84.6) 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