NAICS 53

Real Estate and Rental and Leasing in Binghamton, NY

Metro Market Score 40.2 (Moderate), ranked #140 of 330 metros. 166 establishments, 802 jobs.

Metro Market Score 40.2

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Moderate

ⓘ Lower is better. Relative to national real estate and rental and leasing average.

Labor costs are a clear advantage in Binghamton's real estate and rental and leasing sector. The wage competitiveness index of 21.2 puts it among the lowest-cost metros, and wage pressure at 10.2 suggests that gap is holding steady.

Industry Concentration

16.4

LQ: 0.54

Rank #54 of 330 metros

Wage Competitiveness

21.2

$48,325 avg wage

Growth Trend

↓ 3.9

Employment growth index

Rank #318 of 330 metros

Wage Pressure

10.2

YoY wage change index

166 Real Estate and Rental and Leasing Firms in Binghamton

166

Establishments

-2.9% YoY

802

Total Employment

-9.9% YoY

$48,325

Average Annual Wage

-1.6% YoY

0.54

Location Quotient

Below national avg

Within New York

#5 of 12

real estate and rental and leasing metros in state

New York state rank

#21 of 51

for real estate and rental and leasing entry risk

vs State Median

-3.7

better than median (43.9)

Binghamton vs New York Statewide

How this metro's real estate and rental and leasing market compares to New York overall. The state ranks #21/51 for entry risk.

Measure	Binghamton	NY Statewide
Overall Score	40.2 Moderate	37.6 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#140 of 330 metros	#21 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

Accommodation and Food Services 47.1 Construction 50.0 Finance and Insurance 51.6 Information 54.9 Healthcare and Social Assistance 58.7 Other Services 59.3 Retail Trade 60.2

Real Estate and Rental and Leasing in Other New York Metros

Utica-Rome 14.1 #8/330 Glens Falls 22.3 #32/330 Kingston 34.3 #92/330 Ithaca 36.4 #109/330 Elmira 43.5 #173/330 Syracuse 43.9 #174/330 Albany-Schenectady-Troy 47.2 #193/330 Watertown-Fort Drum 50.5 #218/330 Kiryas Joel-Poughkeepsie-Newburgh 52.3 #234/330 Buffalo-Cheektowaga 54.2 #246/330

+ 1 more metros. View all in New York →

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Binghamton's 40.2 score. Useful when comparing markets with comparable entry profiles.

Springfield, MO 40.3 #141/330 Hot Springs, AR 40.3 #142/330 Huntsville, AL 40.2 #139/330 Yuba City, CA 40.3 #143/330 Corvallis, OR 40.1 #138/330 Pinehurst-Southern Pines, NC 40.1 #137/330 Dayton-Kettering-Beavercreek, OH 40.5 #144/330 Yakima, WA 40.5 #145/330 Harrisonburg, VA 40.5 #146/330 Iowa City, IA 40.0 #136/330

Real Estate and Rental and Leasing in States Bordering New York

State-level entry risk for real estate and rental and leasing in adjacent states. Use this to weigh cross-border options.

Pennsylvania 24.5 #1/51 Massachusetts 27.7 #5/51 Vermont 30.1 #9/51 New Jersey 37.3 #19/51 Connecticut 45.9 #37/51

Browse Real Estate and Rental and Leasing in Other States

State-level entry risk reports for real estate and rental and leasing 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 real estate and rental and leasing sector, the employment growth component (96.1) 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