Putnam Valley, NY is a charming suburban town located in Putnam County. The town is a great place to live and raise a family due to its convenient location, safe community, and abundance of amenities. Rent for two bedroom apartments is higher than the US average at $2,750. The cost of groceries are also higher with an index of 106 compared to the US at 100. Popular local companies include Sullivan Farms Winery, Earthborn Landscape Solutions LLC, and HV Auto Service Inc. The natural beauty of the area makes it especially attractive with numerous parks and trails nearby like Mohansic State Park and the Fahnestock State Park. Putnam Valley has something for everyone from outdoor recreation to shopping, making it a desirable place to call home.
Putnam Valley has an unemployment rate of 5.5%. The US average is 6.0%.
Putnam Valley has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Putnam Valley
- The Sales Tax Rate for Putnam Valley is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Putnam Valley is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Putnam Valley
- The average income of a Putnam Valley resident is $43,159 a year. The US average is $28,555 a year.
- The Median household income of a Putnam Valley resident is $117,482 a year. The US average is $69,021 a year.