Binghamton is a city located in the Southern Tier of New York. Binghamton's employment base is skewed towards technology businesses, particularly the defense industry. Education and health care are also significant employers in the region. Current major employers include BAE Systems, Endicott Interconnect, Binghamton University and United Health Services. M & T Bank and HSBC are some of the major banks operating in the area. The average home is worth $148,250 and the average rent is $580 per month. The average income is $26,316.