Broome County Community Survey
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Broome County, NY has a population of 245,273, with major employers including Binghamton University, United Health Services, and Lockheed Martin. Manufacturing, especially in electronics and transportation equipment, is a significant industry. Healthcare services are expected to grow 12-18% by 2020. The county has highly ranked school districts and above average per pupil education expenditures. Binghamton University and SUNY Broome enroll over 20,000 students and have a major economic impact on the region. Broome County offers cultural attractions like museums and parks, as well as professional sports teams and performing arts organizations.
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Broome County Community Survey
- 1. Broome County, NY Community Overview October 2015
- 2. 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
- 3. 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
- 4. 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
- 5. 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
- 6. 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
- 7. Culture, Arts & Entertainment Broome 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