Housing costs in Putnam?
A typical home costs
$262,200, which is 22.4% less expensive than the national average of
$338,100 and 27.6% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Putnam costs
$1,280 per month, which is 10.5% cheaper than the national average of
$1,430 and 29.7% cheaper than the state average of
$1,660.
Can I afford Putnam?
To live comfortably in Putnam, Connecticut, a minimum annual income of
$50,400 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Putnam?
Putnam, CT is known for being a safe and affordable place to live. The cost of living in Putnam is very reasonable, with many housing options ranging from low-cost rentals to luxurious single-family homes. The median home value in Putnam is just over $162,000, offering an affordable option for families looking to purchase a home. Groceries are also relatively inexpensive when compared to other towns in the state, making it an attractive choice for those who want to stretch their budget. Additionally, residents benefit from low taxes and few commute times since most attractions are within reach of the town center. All of these factors make Putnam a desirable place to live that won't break the bank.