Putnam, Oklahoma is a small town located in the Western region of the state. It is known for its quiet lifestyle and close-knit community. The cost of living in Putnam is significantly lower than the US average, with 2 bedroom rent at only $720 versus the national average of $1,430. Grocery costs are also lower, with an index of 95 as opposed to 100 in the US.
Putnam is home to several local businesses that serve the town and its residents. These include Putnam Hardware, Putnam Pizza Co., The Hair Salon on Main Street, and Bluebird Bakery. Each of these companies provides quality goods and services that help keep Putnam's economy going and make it a great place to live.
Putnam has an unemployment rate of 3.4%. The US average is 6.0%.
Putnam has seen the job market increase by 7.4% over the last year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 33.5%.
Tax Rates for Putnam
- The Sales Tax Rate for Putnam is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Putnam is 5.0%. 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 $18,380 a year. The US average is $28,555 a year.
- The Median household income of a Putnam resident is $37,500 a year. The US average is $69,021 a year.