Is Putnam, Connecticut a Good Place To Live? - Living In Putnam, CT

Is Putnam, Connecticut a good place to live?
Putnam is a city in Connecticut state in USA with a population of 7138 residents.. The poverty rate of Putnam is 7.3%, which is 48% lower than national average. The typical household in Putnam earns $61411 a year, compared to the national median of $67,500. Nearly 40.8% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Putnam, only 91% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Putnam remained 6.1%, which is 30% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Putnam, only 18% of adults have a bachelor's degree and 34% have some college but no degree.

Cost of living in Putnam is 109, which is 9% higher than national average. Median home value in Putnam is $187100 , which is 19% lower than national average. While median income in Putnam remained $61411, which is 9% lower than national average.
Population
7138
Unemployment
6.1%
30% NAT AVG.
Poverty
7.3%
48% NAT AVG.
Overall Score
6
Median Home Cost
$187100
19% NAT AVG.
Median Income
$61411
9% NAT AVG.
Median Rent
$1020
12% NAT AVG.
Cost Of Living
109
9% NAT AVG.
People Living BPL
1 in 14
Unemployed People
1 in 16
People Earning < $10,000
1 in 13
People Earning < $50,000
40.8%
People with <= High School
1 in 2.1
People With Any Degree
1 in 3.2
Pros & Cons Overview

Jobs70%

Housing80%

Affordability70%

Safety80%

Amenities85%

Diversity50%

Education60%

Commute80%