Cost of Living in Putnam, CT
Population 7,120 · Connecticut · Data vintage 2023
(100 = US avg)
Putnam sits on the smaller end of the Connecticut city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Geographically, Putnam is about 25 miles south of Worcester, the nearest large metro. Median home values run roughly 30% lower than Worcester's $340,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Putnam
The median home value in Putnam is $236,000 — 23% below the national median of $305,000. Median rent runs $1,124/month, 14% lower than the national median of $1,314/month. The median household income of $63,209/year is 15% lower than the US median of $74,580. The local unemployment rate is 5.4%, above the national average of 4.8%. Connecticut's top state income tax rate is 7.0% and the combined sales tax is 6.3%. Overall, Putnam has a cost of living index of 81 versus the US average of 100, meaning it is 19% less expensive.
Putnam has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
Frequently Asked Questions
What is the cost of living in Putnam, CT?
Putnam has a cost index of 81 (100 = national average). It is 19% below the national average.
What is average rent in Putnam, CT?
The median gross rent in Putnam is $1,124 per month based on 2023 Census data.
What is the average home price in Putnam?
The median home value in Putnam is $236,000 according to Zillow and Census data.
What is the median income in Putnam?
The median household income in Putnam is $63,209 per year (2023 ACS 5-year estimates).
What is the sales tax in Putnam, CT?
The combined state and local sales tax rate in Putnam is 6.3%. The Connecticut state income tax top rate is 7.0%.
Is Putnam, CT affordable?
Yes, Putnam is generally considered affordable, with a cost of living index of 81 — about 19% below the US national average of 100.
Putnam at a Glance
- Population
- 7,120
- Median Income
- $63,209
- Home Value
- $236,000
- Median Rent
- $1,124/mo
- Unemployment
- 5.4%
- Sales Tax
- 6.3%
Nearby Cities
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Connecticut Rankings
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