Binghamton, NY

Business Ideas & Market Opportunities

The Binghamton market is currently outpacing the national growth rate. Our analysis identifies 18 active sectors where local supply has not yet met the demand indicated by the national baseline.

Active Local Businesses

5,533

Total Competition Pool

Market Size

246K

Total Metro Population

5-Year Growth Rate

+1.0%

🔥 Outpacing US(+0.1% avg)

Underserved Sectors

73

Niches with LQ < 0.8

Analyst Tip

Viewing all opportunities. Use the View Mode toggle above to filter by business model, or search to find specific niches.

Showing 20 of 114 opportunities

Couriers and Express Delivery Services

Growth
+120.0%
Scale
$2.9M PAY
Saturation
1.86
11 establishments

Other Direct Selling Establishments

Growth
+100.0%
Scale
$275K PAY
Saturation
1.50
18 establishments

Convenience Stores

Growth
+72.2%
Scale
$55K PAY
Saturation
1.53
31 establishments

Administrative Management and General Management Consulting Services

Growth
+63.6%
Scale
$585K PAY
Saturation
0.30
18 establishments

Other Individual and Family Services

Growth
+50.0%
Scale
$659K PAY
Saturation
1.02
21 establishments

Direct Property and Casualty Insurance Carriers

Growth
+50.0%
Scale
$564K PAY
Saturation
2.21
12 establishments

Sports and Recreation Instruction

Growth
+44.4%
Scale
$94K PAY
Saturation
1.11
13 establishments

Roofing Contractors

Growth
+41.7%
Scale
$300K PAY
Saturation
1.21
17 establishments

Offices of Real Estate Agents and Brokers

Growth
+34.8%
Scale
$80K PAY
Saturation
0.34
31 establishments

All Other Outpatient Care Centers

Growth
+33.3%
Scale
$738K PAY
Saturation
1.08
12 establishments

Labor Unions and Similar Labor Organizations

Growth
+28.6%
Scale
$246K PAY
Saturation
2.58
18 establishments

Machine Shops

Growth
+28.6%
Scale
$1.5M PAY
Saturation
1.97
18 establishments

Pet Care (except Veterinary) Services

Growth
+27.3%
Scale
$94K PAY
Saturation
0.99
14 establishments

General Freight Trucking, Local

Growth
+26.7%
Scale
$387K PAY
Saturation
0.76
19 establishments

Grantmaking Foundations

Growth
+25.0%
Scale
$169K PAY
Saturation
1.47
10 establishments

All Other Health and Personal Care Stores

Growth
+25.0%
Scale
$366K PAY
Saturation
1.85
10 establishments

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services

Growth
+25.0%
Scale
$1.2M PAY
Saturation
1.07
10 establishments

Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing

Growth
+25.0%
Scale
$743K PAY
Saturation
2.96
10 establishments

Nail Salons

Growth
+23.8%
Scale
$120K PAY
Saturation
1.33
81 establishments

Elementary and Secondary Schools

Growth
+22.2%
Scale
$1.4M PAY
Saturation
0.87
11 establishments

Analyst Insights & Due Diligence

Administrative data provides the map, but not the terrain. We recommend three specific validation steps for Binghamton:

1

Demographic Fit

Does the local population age or income level explain the "Supply Gaps"? (e.g., A gap in luxury services may be due to lower local income).

2

Regulatory Check

Verify local licensing requirements. High barriers to entry often protect "High Yield" sectors from new competition.

3

Competitor Health

Investigate the "Momentum" sectors. Are existing businesses thriving, or is the growth due to high turnover and failure rates?