How Binghamton University Impacts Your Local Economy

According to a release from Binghamton University on May 13, 2025, students, family, and friends have contributed greatly to the local economy during their time in the Greater Binghamton area, spending money at shops, restaurants, and hotels.

In 2023–24, Binghamton University visitors contributed approximately $8.6 million was contributed to the local economy during the 2024-2024 school year, from visitors to the University, with about $297 million from the student population.

A report from the University’s Office of Institutional Research shows that direct and associated expenditures from Binghamton University resulted in an overall economic impact of $1.49 billion for the Greater Binghamton area.

Read More: Catch Up On These Local News Stories You May Have Missed

Binghamton University set out years ago to grow while maintaining its high-quality academic programs and reputation. We’ve achieved many of our goals, and we’re looking forward to continued strong partnerships with area elected officials and local industry in the years to come. - Donald E. Hall, Provost and Executive Vice President for Academic Affairs

The report of Binghamton University's economic impact is broken down into three categories, including direct economic effects, indirect economic effects, and induced effects such as visitor expenditures, among other factors. 

Binghamton University notes in the report that during the 2023-2024 period, visitor spending rose by 2.85%, and student spending increased by 1.19%. Also, Greater Binghamton's largest employer is Binghamton University, with over 5,590 faculty, staff, and student workers, while supporting more than 10,570 jobs in Broome and Tioga counties.

For more information, visit the Binghamton University website.