With data compiled from reliable public sources and government organizations like the Bureau of Labor Statistics and the U.S. Census Bureau, Joblift provides you with essential insights to help you in your job search in Binghamton, NY.
Binghamton is a city with a strong presence in the technology and aerospace & defense industries. These sectors have significantly contributed to the economic growth and development of the region. With a focus on innovation and cutting-edge technologies, businesses within these industries offer various opportunities for skilled professionals seeking new challenges. The city's commitment to supporting such industries has fostered an environment conducive to growth and success, making it an attractive destination for career-oriented individuals. In Binghamton, one can find both stability and advancement within these thriving industries.
In the city, employment opportunities present a unique landscape for job seekers. With an average salary of $51,337, incomes are notably 25.84% below the national average. However, the cost of living is also 25.0% lower than the typical U.S. city, offering a balanced financial situation for residents. Most commuters enjoy a relatively brief 17.5-minute journey to their workplaces. Additionally, 38% of the population benefits from employer-provided insurance, further enhancing the appeal of the local job market. As a result, the city holds promise for those seeking employment in a more affordable environment.
The city of Binghamton, NY is currently experiencing an unemployment rate of 7.70%, which is above the national average of 3.8%. Despite this higher than average unemployment rate, the future job market growth in Binghamton is predicted to be moderate. This indicates that potential employment opportunities may arise for those seeking jobs within the area. As the local economy continues to evolve, it is essential for job seekers to stay informed about the latest trends and growth prospects in Binghamton's job market.
Experience the charm of Binghamton while finding jobs in Binghamton with Joblift, our job platform designed to match your skills and experience with the perfect opportunity for you. Explore various opportunities in this fascinating city by utilizing our advanced search tool and Job Coach feature on Joblift.