Binghamton, NY vs Farmington, NM
Cost of Living Comparison
Farmington, NM is more affordable by 5.2 index points
Side-by-Side Comparison
| Category | Binghamton, NY | Farmington, NM | Difference |
|---|---|---|---|
| Overall | 92.9 | 87.7 | +5.2 |
| Housing | 69.7 | 56.6 | +13.1 |
| Goods | 99.7 | 96.1 | +3.5 |
| Utilities | 131.6 | 77.9 | +53.7 |
| Other Services | 97.8 | 98.5 | -0.8 |
Income & Housing Comparison
| Metric | Binghamton, NY | Farmington, NM |
|---|---|---|
| Median Household Income | $61,271 | $50,734 |
| Median Home Value | $140,300 | $170,700 |
| Median Monthly Rent | $884 | $894 |
| Per Capita Income | $34,462 | $25,008 |
Frequently Asked Questions
Is Binghamton, NY or Farmington, NM cheaper to live in?
Farmington, NM is more affordable. The cost of living difference is 5.2 index points (Binghamton, NY: 92.9, Farmington, NM: 87.7).
Where is housing cheaper, Binghamton, NY or Farmington, NM?
Housing is more affordable in Farmington, NM. Housing index: Binghamton, NY (69.7) vs Farmington, NM (56.6).