Living in Putnam Lake, New York
Cost of living, income, home prices, rent and demographics of Putnam Lake · Census data 2020–2024
Putnam Lake has 3,664 residents with a median age of 45.1. The median household income is $103,561 (20% higher than the New York median), the median home value is $337,000, the median rent is $1,750/month.
Putnam Lake at a glance
- Population
- 3,664
- Median age
- 45.1State: 39.8
- Median household income
- $103,561State: $85,974
- Median home value
- $337,000State: $423,800
- Median rent
- $1,750/moState: $1,621
- Homeowners
- 96.2%
- Bachelor's degree or higher
- 30.9%
- Average commute
- 39 min
Is Putnam Lake a good place to live?
Pros: Median household income 20% higher than the New York median; home values 20% lower than the state median; a poverty rate of 9%.
Cons: An average commute of 39 minutes; unemployment of 10.1%.
The weather is best in June to September.
Cost of living in Putnam Lake
Housing is the biggest part of the cost of living. In Putnam Lake the median home value is $337,000, about the same as the U.S. median. Renters pay a median of $1,750 per month, which is 31.3% of household income. Homeowners with a mortgage pay $2,421 a month in housing costs.
Putnam Lake median household income
The median household income in Putnam Lake is $103,561 and the income per person is $47,543. 9% of residents live below the poverty line (New York: 14%).
Housing in Putnam Lake: homes for sale and rent
- Housing units
- 1,504
- Owner-occupied
- 96.2%
- Renter-occupied
- 3.8%
- Vacant
- 8.5%Includes seasonal homes
- Median year built
- 1954
- Average household size
- 2.62
Putnam Lake demographics
- Population
- 3,664
- Median age
- 45.1
- Under 18
- 13.3%
- 65 and older
- 20.8%
- Households
- 1,376
- Foreign-born
- 9.7%
- Veterans
- 8.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Putnam Lake ›
Education in Putnam Lake
30.9% of adults 25 and older in Putnam Lake have a bachelor's degree or higher (New York: 40.2%), and 11.3% have a graduate or professional degree.
Jobs and commute in Putnam Lake
- Unemployment rate
- 10.1%State: 6.4%
- Average commute
- 39 minState: 33 min
- Work from home
- 11.3%
- Drive alone
- 72%
- Public transit
- 8.3%
- Walk to work
- 0%
- Homes with broadband
- 94.9%
Putnam Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Putnam Lake | 3,664 | $103,561 | $337,000 | $1,750 |
| Ball Pond | 2,627 | $130,417 | $396,100 | $1,884 |
| Taylor Corners | 481 | $140,726 | $500,000 | — |
| Bigelow Corners | 884 | $119,375 | $472,400 | — |
| New Fairfield | 13,584 | $137,647 | $484,800 | $1,896 |
| Candlewood Knolls | 224 | $164,250 | $700,000 | — |
| Brewster Hill | 2,149 | $107,875 | $464,400 | — |
| Knollcrest | 266 | $163,125 | $484,100 | — |
| Candlewood Isle | 633 | $250,001 | $1,029,200 | — |
More for people moving to Putnam Lake
Putnam Lake ZIP code ›Weather and climate ›Living in Putnam Lake: FAQ
What is the median household income in Putnam Lake, NY?
The median household income in Putnam Lake is $103,561, 20% higher than the New York median of $85,974 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Putnam Lake?
The median home value in Putnam Lake is $337,000, compared with $423,800 in New York.
How much is rent in Putnam Lake?
The median gross rent in Putnam Lake is $1,750 per month, about 31.3% of household income.
Is Putnam Lake, NY a good place to live?
Pluses: median household income 20% higher than the New York median; home values 20% lower than the state median; a poverty rate of 9%. Minuses: an average commute of 39 minutes; unemployment of 10.1%.
What is the median age in Putnam Lake?
The median age in Putnam Lake is 45.1 years (New York: 39.8).
How long is the commute in Putnam Lake?
The average commute to work in Putnam Lake is 39 minutes; 11.3% of workers work from home.
What is the unemployment rate in Putnam Lake?
The unemployment rate in Putnam Lake is 10.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Putnam Lake?
30.9% of adults in Putnam Lake 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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