Putnam, AL
Population 58 · Alabama
About Putnam, AL
Putnam is a small community located in Alabama with a population of 58 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 64 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Putnam features a median home value of $46,300, which is 81% below the national median of $244,900. This makes Putnam one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 77 total housing units, 100% are owner-occupied (43 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Putnam shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 44.8%, above the national average of 12.4%. Workers in Putnam have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
10.3% of Putnam residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Putnam Ranks in Alabama
Cost of Living in Putnam, AL
Compared to national averages, Putnam has a median household income of $0 (100% below the national median of $75,149). Home values average $46,300, which is 81% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Alabama, Putnam's income is 100% below the state average of $57,952, and home values are 71% below the state median of $159,358.
Why Live in Putnam, AL?
Putnam offers affordable housing with a median home value of $46,300, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 0 minutes.
Potential considerations include median household income ($0) that falls below the national average. However, Putnam’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Putnam has a population of 58 with a median age of 64 years. Compare Putnam with other cities to see how it stacks up, or explore all cities in Alabama.
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Demographics
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Economy & Education
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Other Cities in Alabama
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Putnam
What is the population of Putnam, AL?
The population of Putnam, AL is 58 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Alabama.
What is the median household income in Putnam?
The median household income in Putnam, AL is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Putnam?
The median home value in Putnam, AL is $46,300, which is 81% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Putnam?
The median monthly rent in Putnam, AL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Putnam?
The unemployment rate in Putnam, AL is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Putnam, AL a good place to live?
Putnam offers a moderate cost of living, affordable housing, and a strong job market. With a population of 58 and a median age of 64, the city appeals to established professionals and retirees.
How educated is Putnam, AL?
10.3% of residents in Putnam aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Putnam?
Key cost-of-living indicators for Putnam, AL: median home value is $46,300 (81% below national), median rent is $0/month, and median household income is $0. The home-value-to-income ratio is Infinityx, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Putnam?
The poverty rate in Putnam, AL is 44.8%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Putnam, AL?
Putnam's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 62.1% two or more races. 0.0% of residents are foreign-born.