City comparison
Cost indices by category, with the US city average (100) marked.
Index: 100 = US city average. Lower is more affordable.
Side-by-side costs, salaries, and sub-category indices.
| Metric | Binghamton | Lorain | Difference |
|---|---|---|---|
| Median rent | $805/mo | $832/mo | 3.2% lower in A |
| Median home value | $117,400 | $115,200 | 1.9% higher in A |
| Median household income | $42,031 | $46,562 | 9.7% lower in A |
| Groceries index | 100.1 | 94.4 | 6.0% higher in A |
| Utilities index | 121.9 | 94.7 | 28.7% higher in A |
| Transportation index | 97.2 | 98.3 | 1.1% lower in A |
| Healthcare index | 99.8 | 99.0 | 0.9% higher in A |
How much you'd need to earn in the other city to keep the same standard of living.
If you earn $100,000 in Binghamton, you'd need $99,920 in Lorain to maintain your standard of living.
Climate, safety, and demographics side by side.
Binghamton and Lorain have nearly identical overall cost-of-living indices. Housing costs are roughly 10% lower in Binghamton than in Lorain. If you earn $80,000 in Binghamton, you'd need about $79,936 in Lorain to keep the same standard of living.