Putnam, NY is a picturesque town located in Westchester County, with plenty of recreational activities and convenient access to larger cities such as New York City. It is a great place to live and work, offering both small-town advantages and big city amenities. There are many local companies that provide jobs for residents, including financial firms like Putnam Trust Company, construction and engineering firms like Putnam Construction Solutions Inc., real estate agencies like Coldwell Banker Residential Brokerage, law offices like Javerbaum Wurgaft Hicks Kahn Wikstrom & Sinins PC, and health care facilities like Putnam Hospital Center. The cost of living in Putnam is quite reasonable; two bedroom rent is $1,030 compared to the national average of $1,430 per month. Additionally, the Grocery Cost Index in Putnam is 101 versus 100 nationally.
Putnam has an unemployment rate of 6.4%. The US average is 6.0%.
Putnam has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 24.3%, which is lower than the US average of 33.5%.
Tax Rates for Putnam
- The Sales Tax Rate for Putnam is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Putnam 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
- The average income of a Putnam resident is $37,929 a year. The US average is $28,555 a year.
- The Median household income of a Putnam resident is $81,000 a year. The US average is $69,021 a year.