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Putnam, CT

Full City Profile · Connecticut · Northeastern Connecticut Planning Region County

3.0 /5.0
B Good
7,120 Population 1,826/sq mi density
$63,209 Median Income $34,304 per capita
$236,000 Home Value $336,876 Zillow
$1,124 Median Rent 27.4% income on rent
48°F Avg Temperature 271 sunny days/yr
192 Violent Crime/100K 768 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$63,209 median income, 3.5% unemployment
A+
Affordability
4.6 / 5.0
$236,000 home value, $1,124/mo rent
F
Safety
1.0 / 5.0
192 violent crimes/100K
C
Education
2.4 / 5.0
17.8% bachelor's degree or higher

Income Overview

Median Household Income
$63,209
16% below
US avg: $75,149
Per Capita Income
$34,304
12% below
US avg: $39,052
Unemployment Rate
3.5%
3% below
US avg: 3.6%
Poverty Rate
7.2%
42% below
US avg: 12.4%

Income Comparison: Putnam vs. U.S. Average

Each bar shows Putnam’s value as a percentage of the national average (100% line = U.S. avg)

Median Household
US: $75,149
$63,209
84%
Per Capita
US: $39,052
$34,304
88%
IRS Avg AGI
US: $72,000
$75,977
106%
Avg Weekly Wage
US: $1,432
$1,120
78%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,120
22% below US avg ($1,432)
Mean Commute Time
26 min
7% below US avg (28 min)
Work From Home
6.3%
59% below US avg (15.2%)
Drive Alone
83.0%
13% above US avg (73.2%)
Public Transit
0.3%
94% below US avg (5.0%)
County GDP
$5,431M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 83%
Public Transit 0.3%
Work From Home 6.3%
Other 10.4%
Average commute time
26 minutes
US avg: 28 min

Business Landscape

Total Establishments
2,962
Restaurants
200
Healthcare
218
Retail
270
Manufacturing
145

Tax & Financial

IRS Avg Adjusted Gross Income
$75,977
6% above US avg ($72,000)
Avg Property Tax
$5,616
60% above US avg ($3,500)
Cost of Living Index
103.6
Above national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$63,209
Per Capita Income$34,304
IRS Avg Adjusted Gross Income$75,977
Avg Weekly Wage$1,120
County GDP$5,431M

Hardship Indicators

Unemployment Rate3.5%
Poverty Rate7.2%
Gini Coefficient0.406
Cost of Living Index103.6

Commute

Mean Commute26 minutes
Drive Alone83.0%
Public Transit0.3%
Work From Home6.3%

Businesses

Total Establishments2,962
Restaurants200
Healthcare218
Retail270
Manufacturing145

Tax

IRS Avg AGI$75,977
Avg Property Tax$5,616