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The median household income in Putnam town was $72,497 in 2021, which marked an a decrease of 387(0.53%) from $72,884 in 2020. This income is 97.17% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Putnam town sees its highest median household income among householders in the age group of 45 to 64 years old, at $92,983. Overall, the median household income for the town of Putnam town stands at $72,497.
In Putnam town, the median income for all workers aged 15 years and older, regardless of work hours, was $46,853 for males and $28,482 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $67,926 for males and $40,067 for females.
In Putnam town, there are just three different racial groups among households. Among these, Some Other Race households report a median household income of $98,533, followed by White households at $71,856, and Two or More Races households with a median household income of $67,827.
In 2021, the population of Putnam town was 9,227, a 0.18% increase year-by-year from 2020. Previously, in 2020, Putnam town's population was 9,210, a decline of 1.94% compared to a population of 9,392 in 2019.
The median age in Putnam, Connecticut is 44.3, as per 2021 ACS 5-Year Estimates. Of the total population, 16.58% were under the age of 15, 17.46% aged 15 to 29, 48.88% aged 30 to 64, 12.89% aged 65 to 84, and 4.19% were 85 years of age and older.
The total population of Putnam town is estimated to be 9,250 with 4,383 males (47.38%) and 4,867 females (52.62%). There are 484 more females than males in Putnam town.
Racial distribution of Putnam town population: 88.05% are White, 1.34% are Black or African American, 0.05% are American Indian and Alaska Native, 1.12% are Asian, 4.72% are some other race and 4.70% are multiracial.