Putnam, CT (06260) is a small town located in the northeastern part of Connecticut. It has a population of 8,936 as of 2020. The cost of living here is affordable compared to other parts of the state; 2 bedroom rent in Putnam is around $1,320, while the US 2 Bedroom Rent average stands at $1,430. Grocery costs are also relatively low with an index for Putnam being 104 versus 100 in the US.
The local economy is driven primarily by manufacturing and retail trade industries. The town's largest employers include Putnam Plastics Corporation, Day Kimball Health Care System, Connecticut Coffee Company and QVine Corporation. Other local amenities include Quinebaug Valley Community College offering a variety of academic courses to students from across the region; Mashamoquet State Park for outdoor activities such as camping and hiking; and Putnam Farmers Market for fresh produce, artisan cheese, baked goods and more.
Putnam (zip 06260) has an unemployment rate of 8.3%. The US average is 6.0%.
Putnam (zip 06260) has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.
Tax Rates for Putnam (zip 06260)
- The Sales Tax Rate for Putnam (zip 06260) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Putnam (zip 06260) is 5.5%. The US average is 4.6%.
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Income and Salaries for Putnam (zip 06260)
- The average income of a Putnam (zip 06260) resident is $32,118 a year. The US average is $37,638 a year.
- The Median household income of a Putnam (zip 06260) resident is $67,070 a year. The US average is $69,021 a year.