Binghamton, NY vs Niagara Falls, NY: Cost of Living

Which city costs less?

Niagara Falls, NY has a modeled overall cost index 9.1% lower than Binghamton, NY.

Binghamton, NY · modeled 2BR rent: $1,080 / month
Niagara Falls, NY · modeled 2BR rent: $1,155 / month

These are saved estimates, not current rental listings. Some cities use adjusted regional data. Your household budget can differ from the overall index. Sources and assumptions

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Cost of Living Comparison 2026

Compare Binghamton, NY and Niagara Falls, NY using saved regional data and explicit budgeting assumptions. Rent estimates are not live listings. Change the salary below, then check the source notes before applying a result to your household.

Saved regional estimates · Sources and assumptions

Current salary in Binghamton, NY

Numbers update automatically as you type

Estimated savings: $385/month in Niagara Falls, NY

$150,000 in your current city has a modeled equivalent of $145,380 in Niagara Falls, NY

Regional cost estimates: Binghamton, NY uses Newark, NJ. Niagara Falls, NY uses Cleveland, OH. Available city ZIP rent estimates are shown separately.

Overall Cost

↓ 9.1%

Less expensive

Monthly Impact

$385

Savings

Annual Impact

$4.6K

Per year

Assumes 60% of current gross income goes to living costs. The headline uses the category budget below; taxes, moving costs and savings goals are excluded.

Binghamton, NY

Population:47K

Cost Index:

93.0

100 = national average

Typical Home:$176K

Niagara Falls, NY

Population:48K

Cost Index:

84.6

100 = national average

Typical Home:$124K

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Binghamton, NY

The Empire State

47K

Population

State Tax

Yes

Located in New York, this city has a population of 47K residents.

Niagara Falls, NY

The Empire State

48K

Population

State Tax

Yes

Located in New York, this city has a population of 48K residents.

Cost Breakdown by Category

Estimated monthly spending: Binghamton, NY vs Niagara Falls, NY

Assumes 60% of your current gross income is spent on these categories. The headline and totals use this same budget. Rent estimates below are separate reference data. Rounded amounts may differ by $1.

Category	Binghamton, NY	Niagara Falls, NY	Difference	Change
Other	$1,847/mo	$1,700/mo	↓ $147less	8.0%
Healthcare	$676/mo	$566/mo	↓ $109less	16.2%
All Utilities	$585/mo	$499/mo	↓ $85.79less	14.7%
Housing	$1,855/mo	$1,816/mo	↓ $39.29less	2.1%
Groceries	$1,080/mo	$1,042/mo	↓ $37.80less	3.5%
Transportation	$1,457/mo	$1,492/mo	↑ $34.29more	2.4%

Other

↓ 8.0%

Binghamton, NY

$1,847

Niagara Falls, NY

$1,700

Difference

$147

less

Healthcare

↓ 16.2%

Binghamton, NY

$676

Niagara Falls, NY

$566

Difference

$109

less

All Utilities

↓ 14.7%

Binghamton, NY

$585

Niagara Falls, NY

$499

Difference

$85.79

less

Housing

↓ 2.1%

Binghamton, NY

$1,855

Niagara Falls, NY

$1,816

Difference

$39.29

less

Groceries

↓ 3.5%

Binghamton, NY

$1,080

Niagara Falls, NY

$1,042

Difference

$37.80

less

Transportation

↑ 2.4%

Binghamton, NY

$1,457

Niagara Falls, NY

$1,492

Difference

$34.29

🏠Rent Comparison

Studio

From$790

To$950

↑ $160

1 Bed

From$855

To$980

↑ $125

2 Bed

From$1,080

To$1,155

↑ $75.00

3 Bed

From$1,390

To$1,410

↑ $20.00

Binghamton, NYZIP-level data

1BR range: $850–$940/mo

Niagara Falls, NYZIP-level data

1BR range: $910–$1,040/mo

💡 Note: HUD Fair Market Rents estimate 40th-percentile gross rents, including most tenant-paid utilities. City ZIP summaries are medians of those estimates, not market median rents. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,500

Monthly in Binghamton, NY

$7,115

Monthly in Niagara Falls, NY

$385

Difference

Home Values

Binghamton

Niagara Falls

$176K

Median Value

$124K

↑ +3.4%

YoY Change

↑ +5.2%

↑ +50.2%

5-Year Change

↑ +52.8%

$149K - $188K

Price Range

$102K - $195K

Homes in Niagara Falls are 30% less expensive than Binghamton

Calculate payment - Binghamton Calculate payment - Niagara Falls

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

→ $0

Same taxes

Monthly Difference

Same take-home

Effective Rate Diff

0.0%

Rate difference

Binghamton, NY

Federal Income Tax

Effective: 18.9%

$25.5K

New York State Tax

Effective: 6.4%

$9.5K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 31.0%

$46.6K

Take-Home Pay

$8,620/month

$103.4K

Niagara Falls, NY

Federal Income Tax

Effective: 18.9%

$25.5K

New York State Tax

Effective: 6.4%

$9.5K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 31.0%

$46.6K

Take-Home Pay

$8,620/month

$103.4K

Additional Tax Information

Binghamton, NY Tax Rates

Sales Tax:8.8%

Property Tax:1.2%

Niagara Falls, NY Tax Rates

Sales Tax:8.8%

Property Tax:1.2%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Binghamton

Niagara Falls

N/A

Air Quality

54 Moderate

Good Air Days

37.2%

98 High

Climate Risk

98 High

🌊🌡🌪

Top Hazards

🌊🌡🌪

▲+2.9°F

2050 Outlook

▲+3.3°F

15 days

Heat Days >95°F

11 days

▲+2.9°F

2050 Outlook

▲+3.3°F

15 days

Heat Days >95°F

11 days

Before moving from Binghamton, NY to Niagara Falls, NY

Use this comparison to shortlist a move, then check the costs that depend on your household.

Compare actual homes. Get current quotes in Niagara Falls, NY for the same bedroom count and included utilities as your home in Binghamton, NY. Add parking, deposits, insurance and any overlapping leases. The rent estimates above are a starting point, not available listings.
Confirm your income. Check your expected pay with your employer, including any location adjustment. Use “Different salary at destination?” above to compare two incomes. The budget model excludes taxes and one-time moving costs; it is not a take-home-pay calculation.
Price your daily routine. Check the commute from a specific address to work, school or childcare. Add household expenses missing from this model, such as childcare, debt payments and medical needs. Verify local services before signing a lease.
Plan the transition. Get moving quotes and budget for travel, setup costs and time off. Open your Binghamton to Niagara Falls moving checklist to organize the tasks and timing.

Still choosing a destination? Explore cities similar to Niagara Falls, NY by cost, housing, population and region.

Frequently Asked Questions: Binghamton, NY vs Niagara Falls, NY

How do the cost estimates for Binghamton, NY and Niagara Falls, NY compare?

Niagara Falls, NY has a modeled overall cost index 9.1% lower than Binghamton, NY. This is a broad model comparison, not a survey of today's prices or a forecast of your household spending. Some cities use adjusted regional fallback data.

What does the equivalent salary mean?

At a $150,000 salary in Binghamton, NY, the model estimates $145,380 in Niagara Falls, NY. It allocates 60% of gross income to the origin city’s category budget and applies each destination category’s relative cost. The equivalent salary adds the total category difference to your income. The monthly difference is the same category difference divided by 12; it is not take-home pay or guaranteed savings. Household size, childcare and your actual lease are not inputs to this calculation.

What rent estimates are available for Binghamton, NY and Niagara Falls, NY?

The modeled two-bedroom rents are $1,080/month in Binghamton, NY and $1,155/month in Niagara Falls, NY. Where available, the source is a city median of HUD FY2026 ZIP-level estimates; otherwise a saved metro table is used. City adjustments may also apply. These are not asking rents or available listings. Compare actual properties with the same bedroom count and included utilities.

How should I use this comparison before moving?

Use it to shortlist locations, then replace modeled costs with a current housing quote, employer-confirmed income, commute costs, insurance and your household's other expenses. Add one-time moving costs separately. Source years differ and the saved datasets are not a live price feed. Read the methodology for the formulas and fallback rules.