Putnam Lake, NY
Population 3,673 · New York
About Putnam Lake, NY
Putnam Lake is a small town located in New York with a population of 3,673 residents according to the latest US Census Bureau American Community Survey data. The median household income is $105,284 per year, which is 40% above the national median of $75,149. The median age of 45.9 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 Lake features a median home value of $308,600, which is 26% above the national median of $244,900. This positions Putnam Lake in a moderately priced market relative to the rest of the country. Median monthly rent is $2,568, 121% above the national average of $1,163/month. Of the 1,582 total housing units, 90% are owner-occupied (1,266 units) and 10% are renter-occupied (133 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Putnam Lake shows an unemployment rate of 8.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 7.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Putnam Lake have an average one-way commute time of 38.6 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
28.0% of Putnam Lake residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 3.2% White, 8.3% Hispanic or Latino, 10.5% Black or African American, and 16.2% Asian residents, with 13.7% of the population being foreign-born.
Cost of Living in Putnam Lake, NY
Compared to national averages, Putnam Lake has a median household income of $105,284 (40% above the national median of $75,149). Home values average $308,600, which is 26% above the national median. Monthly rent at $2,568 is 121% above the US average of $1,163. Within New York, Putnam Lake's income is 9% above the state average of $96,987, and home values are 20% below the state median of $387,181.
Why Live in Putnam Lake, NY?
Putnam Lake offers a strong local economy with a median household income of $105,284, well above the national average, and a low poverty rate of 7.7%, better than the national average.
Putnam Lake has a population of 3,673 with a median age of 45.9 years. Compare Putnam Lake with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Putnam Lake
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Wynantskill | 3,675 | $107,045 | $286,900 | Compare |
| Spencerport | 3,660 | $79,200 | $187,700 | Compare |
| Setauket | 3,687 | $202,339 | $708,100 | Compare |
| Minoa | 3,657 | $93,125 | $170,300 | Compare |
| Haviland | 3,694 | $86,806 | $268,500 | Compare |
| Highland Falls | 3,696 | $107,500 | $340,600 | Compare |
| Highland-on-the-Lake | 3,701 | $85,616 | $168,400 | Compare |
| Montrose | 3,702 | $143,496 | $439,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Putnam Lake
What is the population of Putnam Lake, NY?
The population of Putnam Lake, NY is 3,673 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Putnam Lake?
The median household income in Putnam Lake, NY is $105,284 per year, which is 40% above the national median of $75,149.
What is the median home value in Putnam Lake?
The median home value in Putnam Lake, NY is $308,600, which is 26% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Putnam Lake?
The median monthly rent in Putnam Lake, NY is $2,568, which is 121% above the national average of $1,163/month.
What is the unemployment rate in Putnam Lake?
The unemployment rate in Putnam Lake, NY is 8.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Putnam Lake, NY a good place to live?
Putnam Lake offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 3,673 and a median age of 45.9, the city appeals to established professionals and retirees.
How educated is Putnam Lake, NY?
28.0% of residents in Putnam Lake 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 Lake?
Key cost-of-living indicators for Putnam Lake, NY: median home value is $308,600 (26% above national), median rent is $2,568/month, and median household income is $105,284. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Putnam Lake?
The poverty rate in Putnam Lake, NY is 7.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Putnam Lake, NY?
Putnam Lake's population is 3.2% White, 8.3% Hispanic or Latino, 10.5% Black or African American, 16.2% Asian, and 5.9% two or more races. 13.7% of residents are foreign-born.