Living in Putnam, Connecticut
Cost of living, income, home prices, rent and demographics of Putnam · Census data 2020–2024
Putnam has 9,292 residents with a median age of 43.7. The median household income is $70,561 (26% lower than the Connecticut median), the median home value is $269,200, the median rent is $1,149/month.
Putnam at a glance
- Population
- 9,292
- Median age
- 43.7State: 41.1
- Median household income
- $70,561State: $95,781
- Median home value
- $269,200State: $366,900
- Median rent
- $1,149/moState: $1,488
- Homeowners
- 59.8%
- Bachelor's degree or higher
- 20%
- Average commute
- 25 min
Is Putnam a good place to live?
Pros: Home values 27% lower than the state median; an average commute of 25 minutes; unemployment of 4.4%.
Cons: Median household income 26% lower than the Connecticut median; a poverty rate of 11.5%.
The weather is best in June to September.
Cost of living in Putnam
Housing is the biggest part of the cost of living. In Putnam the median home value is $269,200, 19% lower than the U.S. median. Renters pay a median of $1,149 per month, which is 26.7% of household income. Homeowners with a mortgage pay $1,870 a month in housing costs.
Putnam median household income
The median household income in Putnam is $70,561 and the income per person is $39,002. 11.5% of residents live below the poverty line (Connecticut: 10%).
Housing in Putnam: homes for sale and rent
- Housing units
- 4,403
- Owner-occupied
- 59.8%
- Renter-occupied
- 40.2%
- Vacant
- 5.4%Includes seasonal homes
- Median year built
- 1961
- Average household size
- 2.19
Putnam demographics
- Population
- 9,292
- Median age
- 43.7
- Under 18
- 18.6%
- 65 and older
- 18.5%
- Households
- 4,166
- Foreign-born
- 4.6%
- Veterans
- 6.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Putnam ›
Education in Putnam
20% of adults 25 and older in Putnam have a bachelor's degree or higher (Connecticut: 42.5%), and 8.1% have a graduate or professional degree.
Jobs and commute in Putnam
- Unemployment rate
- 4.4%State: 5.6%
- Average commute
- 25 minState: 27 min
- Work from home
- 9%
- Drive alone
- 80.1%
- Public transit
- 0.4%
- Walk to work
- 0.8%
- Homes with broadband
- 86.4%
Putnam vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Putnam | 9,292 | $70,561 | $269,200 | $1,149 |
| Mechanicsville | 721 | $44,349 | $242,900 | $1,097 |
| Dayville | 452 | $66,707 | $255,800 | — |
| South Woodstock | 1,340 | $97,801 | $247,600 | $1,203 |
| Killingly | 17,867 | $84,350 | $288,600 | $1,044 |
| Thompson | 9,337 | $93,629 | $291,900 | $1,012 |
| Pomfret | 4,317 | $108,476 | $409,100 | $1,210 |
| Danielson | 4,209 | $64,050 | $224,600 | $1,235 |
| Quinebaug | 1,193 | $105,181 | $237,800 | — |
More for people moving to Putnam
Putnam ZIP code ›Weather and climate ›Living in Putnam: FAQ
What is the median household income in Putnam, CT?
The median household income in Putnam is $70,561, 26% lower than the Connecticut median of $95,781 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Putnam?
The median home value in Putnam is $269,200, compared with $366,900 in Connecticut.
How much is rent in Putnam?
The median gross rent in Putnam is $1,149 per month, about 26.7% of household income.
Is Putnam, CT a good place to live?
Pluses: home values 27% lower than the state median; an average commute of 25 minutes; unemployment of 4.4%. Minuses: median household income 26% lower than the Connecticut median; a poverty rate of 11.5%.
What is the median age in Putnam?
The median age in Putnam is 43.7 years (Connecticut: 41.1).
How long is the commute in Putnam?
The average commute to work in Putnam is 25 minutes; 9% of workers work from home.
What is the unemployment rate in Putnam?
The unemployment rate in Putnam is 4.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Putnam?
20% of adults in Putnam have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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