Overall
- Binghamton
- 92.9
Diff -21.3 RPP
Miami-Fort Lauderdale-West Palm Beach vs Binghamton
Cost of living comparison based on BEA Regional Price Parities. Binghamton is 18.7% less expensive than Miami-Fort Lauderdale-West Palm Beach.
18.7% less expensive
Binghamton, NY is 18.7% less expensive than Miami-Fort Lauderdale-West Palm Beach, FL on BEA Regional Price Parities (overall RPP 92.9 vs 114.2). A $100,000 salary in Miami-Fort Lauderdale-West Palm Beach buys about the same as $81,348 in Binghamton; the largest component gap is rents.
- Overall RPP 114.2 (Miami-Fort Lauderdale-West Palm Beach) vs 92.9 (Binghamton)
- $100k in Miami-Fort Lauderdale-West Palm Beach ≈ $81,348 purchasing power in Binghamton
- Rents drives the gap (-85.9 RPP points)
RPP parity plate
Pair FL:NY 114.2→92.9
TIER-GAP · CROSS-STATE · SPLIT-BUDGET · BENCH-CROSS · PP-STEEP
- TIER-GAP Clear tier gap
- CROSS-STATE FL × NY
- SPLIT-BUDGET Split budget
- BENCH-CROSS Benchmark cross
- PP-STEEP Steep PP convert
Instrument codes from this pair's BEA Regional Price Parities (overall · goods · services · rents · national benchmark 100 · purchasing-power conversion), not a ranking or recommendation.
Category Breakdown
Goods
- Binghamton
- 99.7
Diff -3.9 RPP
Services
- Binghamton
- 131.6
Diff +34.3 RPP
Rents
- Binghamton
- 69.7
Diff -85.9 RPP
| Category | Miami-Fort Lauderdale-West Palm Beach | Binghamton | Difference |
|---|---|---|---|
| Overall | 114.2 | 92.9 | -21.3 |
| Goods | 103.6 | 99.7 | -3.9 |
| Services | 97.2 | 131.6 | +34.3 |
| Rents | 155.6 | 69.7 | -85.9 |
Visual Comparison
Overall
Miami-Fort Lauderdale-West Palm Beach 114.2
Binghamton 92.9
Goods
Miami-Fort Lauderdale-West Palm Beach 103.6
Binghamton 99.7
Services
Miami-Fort Lauderdale-West Palm Beach 97.2
Binghamton 131.6
Rents
Miami-Fort Lauderdale-West Palm Beach 155.6
Binghamton 69.7
Vertical line = national average (100)
What This Comparison Actually Tells You
Rents creates the largest separation: Binghamton is 85.9 points lower. But services move against the overall direction, so this is a split budget rather than a clean across-the-board winner.
Miami-Fort Lauderdale-West Palm Beach, FL and Binghamton, NY sit in clearly different price tiers, separated by 21.3 RPP points. At this distance, treating the same nominal salary as equivalent would materially change purchasing power.
This route crosses the national benchmark: Miami-Fort Lauderdale-West Palm Beach is above 100 while Binghamton is below it. That makes the move a change of price regime, not merely a rank swap.
Comparable population context is incomplete for this pair, so no market-scale explanation is inferred from the price indexes.
For a housing-sensitive move, validate the rent gap first: HUD Fair Market Rent and the actual unit size can overturn what the blended index implies. On the BEA ratio alone, $100,000 in Miami-Fort Lauderdale-West Palm Beach corresponds to $81,348 in Binghamton.
Miami-Fort Lauderdale-West Palm Beach
114.2
Cost Index
Binghamton
92.9
Cost Index
Salary Equivalents
What a salary in Miami-Fort Lauderdale-West Palm Beach would need to be in Binghamton for the same purchasing power:
| In Miami-Fort Lauderdale-West Palm Beach | In Binghamton | Difference |
|---|---|---|
| $50,000 | $40,674 | $-9,326 |
| $75,000 | $61,011 | $-13,989 |
| $100,000 | $81,348 | $-18,652 |
| $150,000 | $122,022 | $-27,978 |
$ in Miami-Fort Lauderdale-West Palm Beach = in Binghamton
Same BEA Regional Price Parity ratio as the table above (114.2 → 92.9), computed live from your number, nothing is sent anywhere.
How the Price Gap Changed
Miami-Fort Lauderdale-West Palm Beach and Binghamton share 17 published annual releases from 2008 through 2024. Their overall gap widened, moving from 9.4 to 21.3 RPP points. Miami-Fort Lauderdale-West Palm Beach remained the higher-index metro in the latest release.
Rents changed the most within this pair: its gap moved 13.4 points between the first and latest shared releases (72.4 to 85.9 points). This describes a relative price-index history, not a forecast or a household budget.
| Release Year | Miami-Fort Lauderdale-West Palm Beach RPP | Binghamton RPP | Relative Gap |
|---|---|---|---|
| 2008 | 106.5 | 97.0 | 9.4 points Miami-Fort Lauderdale-West Palm Beach higher |
| 2012 | 107.5 | 94.9 | 12.5 points Miami-Fort Lauderdale-West Palm Beach higher |
| 2016 | 107.9 | 96.1 | 11.9 points Miami-Fort Lauderdale-West Palm Beach higher |
| 2020 | 109.5 | 96.9 | 12.6 points Miami-Fort Lauderdale-West Palm Beach higher |
| 2024 | 114.2 | 92.9 | 21.3 points Miami-Fort Lauderdale-West Palm Beach higher |
Annual BEA Regional Price Parity releases; a higher index means a higher price level relative to the national average of 100. Selected years shown from the full shared series.
Frequently Asked Questions
Is Binghamton more expensive than Miami-Fort Lauderdale-West Palm Beach?
Binghamton is 18.7% less expensive than Miami-Fort Lauderdale-West Palm Beach. The overall cost index is 92.9 vs 114.2 (national average = 100).
What salary in Binghamton equals $100K in Miami-Fort Lauderdale-West Palm Beach?
A $100,000 salary in Miami-Fort Lauderdale-West Palm Beach has the same purchasing power as $81,348 in Binghamton. This is based on the BEA Regional Price Parity indexes.
How do rents compare between Miami-Fort Lauderdale-West Palm Beach and Binghamton?
Rents in Miami-Fort Lauderdale-West Palm Beach are indexed at 155.6 while Binghamton is at 69.7 (national average = 100). Miami-Fort Lauderdale-West Palm Beach has higher rents.
Data sources
- BEA Regional Price Parities (RPP), the cost-of-living indices shown on this page
- U.S. Census Bureau, American Community Survey (ACS), gross-rent observations behind the rents component
- BLS Consumer Price Index (CPI), goods and services price relatives
- BLS Occupational Employment and Wage Statistics (OEWS), labor-driven services component
- HUD Fair Market Rents (FMR), 40th-percentile rent cross-reference
Every figure on PlainCost is rendered directly from BEA Regional Price Parity source data, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, our changelog, or report a data error. Data current as of 2026-08-11. Rankings measure the published cost-of-living index only; we don't recommend where to live or rate any metro's quality of life.