Putnam, PA is a great place to live for those looking for an affordable lifestyle. With 2 bedroom rent at $860 compared to the US average of $1430, it offers a comfortable living space without breaking the bank. Additionally, groceries here are slightly cheaper than the national average with an index of 101 versus 100 in the US. Putnam also has many local businesses located in its downtown area such as Towne N Country Grocery Store, Hiles Appliance Repair, and Koe's Floral & Gifts. The city is known for its strong sense of community and there are plenty of activities and events happening in the area all year long. All in all, Putnam is an excellent option if you're looking for an affordable cost of living while still having access to necessary services and amenities.
Putnam has an unemployment rate of 7.9%. The US average is 6.0%.
Putnam has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 13.5%, which is lower than the US average of 33.5%.
Tax Rates for Putnam
- The Sales Tax Rate for Putnam is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Putnam is 4.8%. 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 $22,092 a year. The US average is $28,555 a year.
- The Median household income of a Putnam resident is $41,250 a year. The US average is $69,021 a year.