Cost of Living in Broome County, New York
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Broome County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Broome County, New York
Broome hits national affordability balance
Broome County renters spend 18.0% of income on housing, nearly matching the national average of 17.0%, with a median household income of $61,059 running about $13,700 below the national median. The county's affordability sits right at the inflection point where housing remains manageable without excess strain.
Slightly above New York average
Broome County's rent-to-income ratio of 18.0% edges above New York's state average of 17.6%, placing it in the moderate affordability band across the state's counties. The $914 median rent runs $219 below the state average, offering a sweet spot for Upstate residents.
Affordable relative to region
Broome's $914 rent sits between rural bastions like Cattaraugus ($759) and mid-tier counties like Chemung ($1,020), with home values of $145,100 representing accessible ownership. As the Binghamton area's anchor, Broome maintains small-city affordability despite regional economic revival.
Balanced housing-income equation
Renters spend 18.0% of the $61,059 median income on $914 monthly rent, while homeowners dedicate 19.3% to ownership costs ($983/month). Both figures leave room for savings and discretionary spending compared to state and national medians.
Sweet spot for upstate movers
Broome County offers genuine Upstate New York character—a mid-sized regional city with affordable housing and emerging cultural momentum—without the affordability penalty of larger metros. If you earn around $60,000–$75,000 and seek a revitalized post-industrial community, Broome delivers exceptional housing economics.
Affordability Calculator
See how your income compares to housing costs in Broome County
Rent Burden
18.0%
of gross income
Max Housing (28% Rule)
$1,425
per month
Owner Cost Burden
19.3%
of gross income
You can likely afford the median home in Broome County
Median home value is $145,100. Estimated monthly cost: $1,158 vs. your max of $1,425.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.