Prescott Valley-Prescott Binghamton

Relocation analysis based on 7 federal data sources

Verdict
Strongly Favorable
Cost Index: 98.3 → 92.9
Rent Delta: -$534/mo

Pros of Moving

  • + 5% lower cost of living
  • + $534/mo cheaper rent (2BR)
  • + $9K higher median salary
  • + Better student-teacher ratios

Cons of Moving

  • - More expensive childcare

Moving from Prescott Valley-Prescott to Binghamton shifts your BEA Regional Price Parity from 98.3 to 92.9 (100 = US average), so a Prescott Valley-Prescott salary needs to be multiplied by 0.95 to hold the same purchasing power in Binghamton. On rent, HUD Fair Market Rent for a 2-bedroom goes from $1,637/month in Prescott Valley-Prescott to $1,103/month in Binghamton - a lower monthly bill of $534, or $6,408/year. That rent delta alone is often the single biggest line item when relocating.

Wages tell the other half. BLS Occupational Employment and Wage Statistics report a median salary of $61,824 in Prescott Valley-Prescott versus $70,400 in Binghamton - a raw gap of $8,576 higher. The Binghamton labor market has 89,220 tracked jobs against 65,740 in Prescott Valley-Prescott, shaping how easy it is to find a comparable role. Combine that with the cost-of-living shift above and you get the real purchasing-power delta, sometimes a "higher salary" is actually a pay cut once rent and RPP are applied.

Safety, schools, and childcare round out the move. FBI UCR violent crime rates near Prescott Valley-Prescott and Binghamton are 429 and 380 per 100,000 (state-level). NCES student-teacher ratios run 17:1 at origin versus 11.8:1 at destination. DOL center-based infant care costs $11,301/year in Prescott Valley-Prescott versus $13,869/year in Binghamton. Our composite verdict - Strongly Favorable - weighs all seven federal sources; the dimension table below lets you override that with your personal priorities.

Dimension
Prescott Valley-Prescott
Binghamton
Winner
💰 Cost of Living
RPP 98.3
RPP 92.9
Binghamton
🏠 Rent (2BR)
$1,637/mo
$1,103/mo
Binghamton
💼 Wages
$61,824
$70,400
Binghamton
🔒 Crime
429 per 100K
380 per 100K
Binghamton
🎓 Schools
17:1
11.8:1
Binghamton
👶 Childcare
$11,301/yr
$13,869/yr
Prescott Valley-Prescott
🌿 Environment
4821 violations
5270 violations
Prescott Valley-Prescott

Salary Adjustment Calculator

Enter your current salary in Prescott Valley-Prescott to see what you'd need to earn in Binghamton to maintain the same purchasing power.

Equivalent salary in Binghamton
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Frequently Asked Questions

Is Binghamton more expensive than Prescott Valley-Prescott?
Binghamton has an RPP of 92.9 compared to Prescott Valley-Prescott's 98.3 (100 = national average). Prescott Valley-Prescott is more expensive overall. The 2BR rent in Binghamton is $1,103/mo vs $1,637/mo in Prescott Valley-Prescott.
What are salaries like in Binghamton compared to Prescott Valley-Prescott?
The median salary in Binghamton is $70,400 compared to $61,824 in Prescott Valley-Prescott. That's a +$8,576 difference.
Is Binghamton safer than Prescott Valley-Prescott?
The violent crime rate near Binghamton is 380 per 100K vs 429 per 100K near Prescott Valley-Prescott (state-level data). Binghamton has a lower crime rate.
How much would I need to earn in Binghamton to match my Prescott Valley-Prescott salary?
To maintain the same purchasing power, multiply your Prescott Valley-Prescott salary by 0.95. For example, a $75,000 salary in Prescott Valley-Prescott would need to be $70,884 in Binghamton. Use the salary calculator above for your exact figure.
What does the "Strongly Favorable" verdict mean?
The verdict is computed from 7 dimensions, cost of living, rent, wages, crime, schools, childcare, and environment, using federal data. "Strongly Favorable" means the destination clearly wins on most dimensions. Individual priorities may shift the balance, weigh the dimensions that matter most to you.

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Source: BEA Regional Price Parities, HUD Fair Market Rents, BLS OES, FBI UCR, NCES, DOL, EPA June 2026

Data Sources

  • Cost of Living: Bureau of Economic Analysis (BEA) Regional Price Parities
  • Rent: HUD Fair Market Rents (FMR)
  • Wages: Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OES)
  • Crime: FBI Uniform Crime Reporting (UCR) - state level
  • Schools: National Center for Education Statistics (NCES)
  • Childcare: Department of Labor (DOL) - state level
  • Environment: Environmental Protection Agency (EPA)