Housing costs in Putnam?
A typical home costs
$257,500, which is 23.8% less expensive than the national average of
$338,100 and 37.7% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Putnam costs
$1,030 per month, which is 28.0% cheaper than the national average of
$1,430 and 90.3% cheaper than the state average of
$1,960.
Can I afford Putnam?
To live comfortably in Putnam, New York, a minimum annual income of
$49,320 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Putnam?
The cost of living in Putnam, NY is generally considered to be affordable. Housing costs are especially attractive, with median home prices around $285,000 and the median rent being only $1,400 per month. Groceries and health care are also reasonably priced. Taxes are a bit higher than the US average, but overall it's still an affordable place to live. The local economy provides plenty of job opportunities for those who want to move to the area, making Putnam a great choice for both young professionals and retirees alike.