broome county community survey
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Broome County, NY Community OverviewOctober 2015
Demographic Information•Population of Binghamton MSA (Metropolitan Statistical Area):245,273
•Unemployment Rate: 6%
•Median Household Income: $44,457
•Percentage of population with Bachelor’s Degree: 26.1%
•Resident labor force: 93,400
•Average Commute to work: 18 Minutes
Major Employers 1) Binghamton University- 5,943
2) United Health Services-5,438
3) Lockheed Martin- 2,700
4) Broome County Government-2,500
5) Lourdes Hospital -2,311
6) Raymond Corporation -1,670
7) Maines Paper & Food Service- 1,300
8) BAE Systems-1,250
9) NYSEG-1,160
10) Chobani-1,000 Binghamton University in Vestal
Growth Sectors• Manufacturing is the third largest sector of employment, comprising 12.3% of all
jobs• Electronics Manufacturing: computer and peripheral equipment, semiconductor
and electronic components, electronic instruments: 4,352 employees, average wage of $75,569 and a location quotient of 9.56*
• Transportation equipment manufacturing is a powerhouse with a location quotient of 8.9%
• Healthcare services are predicted to grow between 12% and 18% between now and 2020
*Location quotient-(LQ) ratio that compares an industry’s share of total employment in a region to the national share
Housing & Education
Education:
•Maine-Endwell Central School District, Union Endicott Central School District, and Chenango-Forks Central School District are ranked as top high schools in the nation by U.S News & World Report
•Between 12.6 student-teacher ratio
•Expenditure per pupil- $20,279/pupil compared to national average of $12,435
•Institutions of Higher Education Include SUNY Binghamton University, SUNY Broome, and Davis College
Housing:•Average home price: $110,000
•Median Gross Rent- $675
A historic home on Binghamton’s Westside
Binghamton University & SUNY Broome•BU’s nearly 15,000 students contributed about $96 million dollars to the local economy
•University related spending supported 10,500 jobs in Broome and Tioga counties generating an economic impact of $965 million dollars
•Student enrollment has increased by 4,000 over the last decade
Outgrowth of the University into the Community
•Southern Tier High Technology Incubator
•Smart Energy Center (2016)
•$60 million dollar School of Pharmacy and Pharmaceutical Sciences (2017)- Johnson City
Broome Community College•6,924 students enrolled
•Looking to acquire Binghamton Public Library Downtown for culinary arts center
Culture, Arts & EntertainmentBroome County is Home to a variety of cultural and arts institutions
•Roberson Science Museum
•Gorgeous Washington Street
•First Fridays/Restaurant Week
Many miles of Hiking and Biking Trails- Eight County Parks and a State Park (Chenango Valley)
•Two professional sports teams- Binghamton Mets & Binghamton Senators.
•Triple Cities Opera, Binghamton Philharmonic, Broadway Theater League
Chenango Valley State Park