Putnam, IL County is a great place to live. It’s an affordable county with the average two-bedroom rent coming in at a reasonable $800 while the US average is at $1,430. This county also offers cheaper groceries compared to the national average; with an index rating of 95 in Putnam versus 100 nationwide. The low cost of living and quality of life makes Putnam a great spot for families looking to move.
In addition to its affordability, Putnam offers great local companies, attractions, and amenities that make it a desirable place to live. For example, some local businesses include Elord Logging Inc., Farrar Fleet Repair, and Pearce Electric Company Inc. As for attractions and other amenities, Putnam has several parks like Riverside Park where locals can enjoy biking and fishing. Additionally there are several restaurants in the area such as Shaws Chicken & Fish Restaurant and Bourbon Street Grill which offer delicious local cuisine. This mix of affordable housing costs along with local companies, attractions and amenities make Putnam County a great place to call home.
Putnam County has an unemployment rate of 6.2%. The US average is 6.0%.
Putnam County has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 25.3%, which is lower than the US average of 33.5%.
Tax Rates for Putnam County
- The Sales Tax Rate for Putnam County is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Putnam County 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 County
- The average income of a Putnam County resident is $28,158 a year. The US average is $28,555 a year.
- The Median household income of a Putnam County resident is $67,419 a year. The US average is $69,021 a year.