Can A Carpenter Afford Rent in Binghamton, NY?
Stretched but workable — rent takes 31.7% of gross income.
Binghamton rent: September 2026. Salary: BLS OEWS May 2024 (New York state estimate).
About rent and a carpenter salary
Carpenter pay sits modestly above the US median household income and covers comfortable rent in most lower- and mid-cost metros. Union carpenters in high-cost cities often earn well above the BLS mean. At the national-average carpenter salary, the 30% rule supports about $1,524 a month in rent.
Cheaper rent nearby
These New York cities have lower median rent than Binghamton, which improves the affordability math on a carpenter salary:
Compare with full rent data for Binghamton
View full rent data for Binghamton, NY →Frequently asked questions
Can a carpenter afford rent in Binghamton, NY?
Median rent in Binghamton is $1,838 a month. A typical carpenter in New York earns about $69,472 a year, which makes that rent 31.7% of gross monthly income. Under the 30% rule, the answer is no — rent exceeds the 30% threshold.
How much rent can a carpenter afford in Binghamton?
Using the 30% rule, a carpenter salary in New York (~$69,472/yr) supports up to $1,737 a month in rent. Binghamton's current median rent is $1,838/mo, which is $101/mo over the affordability threshold.
How many hours does a carpenter work to cover rent in Binghamton?
At an hourly equivalent of about $33 an hour, a carpenter in New York works roughly 55 hours a month to cover Binghamton's median rent of $1,838.
Where is rent cheaper than Binghamton for a carpenter?
Nearby New York cities with lower median rent include Poughkeepsie ($1,836/mo), Rensselaer ($1,835/mo), Kingston ($1,834/mo). Each shifts the affordability math materially on a carpenter salary.