Cost Of Living in Putnam, CT

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A

5%

Overall NAT. AVG.

1%

Groceries NAT. AVG.

5%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Putnam	Connecticut	National
Cost of living	105	118	100
Groceries	101	106	100
Health care	105	111	100
Housing	105	139	100
Transportation	105	107	100
Utilities	107	108	100
Lifestyle & Entertainment	108	110	100
Household Items	104	106	100
Education & Childcare	105	116	100

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Homes For Sale In Putnam, CT

65 Perry St #111

Putnam, CT

55 Mechanics St

Putnam, CT

10 Heritage Rd

Putnam, CT

25-27 Farrows St

Putnam, CT

Cost Of Living Quick Facts

The cost of living in Putnam is 11% lower than the Connecticut average
The cost of living in Putnam is 5% higher than the national average
Putnam housing is 5% higher than the national average
Connecticut general sales tax is 24% higher than the national average
Connecticut state income tax is 16% higher than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$112,306	$9,359	$2,620	$3,370
Renters	$58,663	$4,889	$1,369	$1,760

To approximate the cost of living and the housing affordability in Putnam, CT, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Putnam have a median income of $112,306. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,620 per month to avoid calamity and poverty. The renters in the city have an income of about $58,663, which would make their monthly maximum allowable rental costs $1,369.

Connecticut Sales Tax

State	General Sales Tax	With Max Surtax
Connecticut	6.35%	6.35%

Connecticut Income Tax

State	Income Tax (Low)	Income Tax (High)
Connecticut	3%	6.99%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Clayville, RI	83	105	4.9%
North Grosvenor Dale, CT	1,215	108	8.4%
Moosup, CT	4,011	104	3.7%
Wauregan, CT	1,540	104	4.3%
Danielson, CT	4,138	105	4.6%
Putnam, CT	7,358	105	4.7%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Unionville, NC	7,359	104	3.6%
Sappington, MO	7,356	102	2.2%
Umatilla, OR	7,361	104	4.3%
Fair Plain, MI	7,362	87	12.7%
Seward, NE	7,363	95	4.7%
Putnam, CT	7,358	105	4.7%

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

Cost of Living in Putnam, CT

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Cost Of Living Quick Facts

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Median Income & Debt-To-Income Ratio

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Nearby cities with low cost of living

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