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Can You Afford a 3-Bedroom in Binghamton? The Salary Math.

HUD does not publish a separate FMR for a 3-bedroom in Binghamton. The closest published figure is the 2-bedroom at $1,103/month, which we use as a proxy.HUD does not publish a separate FMR for a 3-bedroom in Binghamton. Showing the 2-bedroom rent of $1,103/month as a proxy.

HUD does not publish a separate FMR for a 3-bedroom in Binghamton. Showing the 2-bedroom rent of $1,103/month as a proxy.

Salary thresholds at the HUD FMR of $1,103/month

Rent burden based on estimated take-home after federal, state, and FICA taxes (single filer). Verdict uses 30% rule.

PercentileAnnual salaryMonthly take-homeRent burdenVerdict
Entry-level (10th pct.)$38,700$2,61942.1%Too much
Early career (25th pct.)$38,700$2,61942.1%Too much
Median$47,660$3,16834.8%Stretch
Experienced (75th pct.)$62,500$4,07127.1%OK
Top earners (90th pct.)$62,500$4,07127.1%OK

Verdict guide: Comfortable <25% | OK 25–30% | Stretch 30–40% | Too much >40%

Jobs that pay enough to afford a 3-Bedroom in Binghamton

These occupations have median salaries that keep rent under 30% of take-home.

Computer Hardware Engineers
$143,420/yr median
Registered Nurses
$98,420/yr median
General and Operations Managers
$92,940/yr median
Heavy and Tractor-Trailer Truck Drivers
$56,250/yr median

Keep exploring Binghamton

Top paying jobs in BinghamtonCost of living in BinghamtonCan you afford a 1-bedroom?

Frequently asked questions

What salary do you need to afford a 3-bedroom in Binghamton?
You need roughly $5,037/year gross to keep a 3-bedroom at $1,103/month under the 30% rent burden threshold. That assumes a 27% effective tax rate and single filing.
How much is the HUD Fair Market Rent for a 3-bedroom in Binghamton?
HUD does not publish a separate FMR for a 3-bedroom in Binghamton. The closest published figure is the 2-bedroom at $1,103/month.
Is Binghamton expensive for renters?
Binghamton is below the national average in cost. A 3-bedroom at the HUD FMR of $1,103/month is more manageable here than in most metros.
What percentage of income should go to rent?
The standard guideline is 30% of your gross monthly income before taxes. Go above that and you risk being "rent-burdened," which the Census Bureau defines as spending more than 30% of income on housing costs. Budget carefully if your rent burden sits above 40%.
Which jobs pay enough to afford rent in Binghamton?
The following occupations in Binghamton have median salaries that keep 3-bedroom rent under 30% of take-home pay: Computer Hardware Engineers, Registered Nurses, General and Operations Managers, Heavy and Tractor-Trailer Truck Drivers.

Source data is published by the U.S. Bureau of Labor Statistics and other federal agencies. AffordMap is not affiliated with or endorsed by any government agency. Per BLS policy, "BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov."

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