Putnam County, New York Income Statistics
Putnam County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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A
Putnam County Above averageAmong the top 3 wealthiest counties in New York
Source: Map AI Methodology
Income Statistics Overview
| Metric | Putnam County | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $126,338 | $86,556 | $80,455 |
| Median Personal Income | $82,545 | $70,316 | $60,758 |
| Average Yearly Income Growth | 3.3% | 4.5% | 4.8% |
| Six-Figure Earners | 23.1% | 16.7% | 13.9% |
| $200k+ Households | 25.5% | 17.1% | 13.2% |
The median household income in Putnam County is about 46% higher than in New York. Income has been growing slower in Putnam County (3.3%/yr) than in New York (4.5%/yr).
About 23% of adults in Putnam County earn six figures ($100,000 or more) a year, higher than the New York average of 17%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Putnam County, New York grew by 41.1% from 2009 to 2024, reaching $126,338 in 2024. That's an average of about 3.3% per year.
Income Inequality and the Gender Pay Gap in Putnam County
| Metric | Putnam County | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.530 | 0.557 | 0.552 |
| Male Median Income | $92,704 | $77,531 | $69,667 |
| Female Median Income | $80,308 | $67,892 | $56,850 |
| Gender Pay Gap | 13.4% | 12.4% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Putnam County, it is 0.530, lower than New York's 0.557, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 15% more than women's income in Putnam County, New York. Over a 35-year career, a 15% wage gap accumulates to roughly $433,860 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Putnam County, New York has narrowed from about 27% to 13% in 2024. Over that period the gap was widest at 27% in 2010. In dollar terms, the gap has narrowed by $6,830 since 2009.
Employment
| Metric | Putnam County | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 6.4% | 5.2% |
| Working from Home | 14.4% | 15.0% | 15.0% |
| Commute time (minutes) | 33 | 28 | 22 |
Approximately 2,315 people are unemployed in Putnam County, New York.
The average commute time in Putnam County is 33 minutes, longer than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Putnam County, New York has fallen from 6.3% to 4.4% in 2024. Over that period the rate peaked at 7.8% in 2014 and fell as low as 4.1% in 2023.
Putnam County, NY Wealth Compared With Nearby Counties
Putnam County, NY is the smallest of the 6 counties compared here, 98,107 residents against a local median of 406,655. Putnam County, NY's unemployment, at 4.4%, runs 18% below the 5.4% typical of the counties around it. That is the better end of the local range on this measure.
The counties themselves spread 1.0% on unemployment, so Putnam County, NY sits at one end of an already wide local range rather than apart from it. Putnam County, NY has the lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Putnam County, NY | 98,107 | $126,338 #2/6 | 3.3%/yr #5/6 | 4.4% #1/6 | 0.530 #2/6 |
| Westchester County, NY | 998,212 | $119,541 | 4.0%/yr | 6.0% | 0.543 |
| Western Connecticut Planning Region, CT | 563,812 | $132,153 | 3.8%/yr | 5.1% | 0.530 |
| Dutchess County, NY | 298,059 | $99,515 | 4.0%/yr | 5.2% | 0.543 |
| Rockland County, NY | 340,860 | $110,073 | 3.1%/yr | 5.6% | 0.573 |
| Orange County, NY | 406,655 | $97,535 | 3.9%/yr | 5.4% | 0.561 |
Conclusion
Considering all these factors, Putnam County, New York has an overall wealth index grade of A, making it notably better than New York, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Putnam County, New York.
How Rich Is Putnam County, New York?
Putnam County has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $126,338, about 46% higher than the New York average of $86,556.
How fast is household income rising in Putnam County, New York?
Between 2009 and 2024, the median household income in Putnam County, New York rose 41%, from $89,541 to $126,338. Over the same years, income here lagged behind New York as a whole: +41% against +56%.
What was the median household income in Putnam County in 2023?
In 2023, the median household income in Putnam County, New York was $126,861, up 5% from $120,425 in 2022. The New York median that year was $85,199.
What was the median household income in Putnam County in 2020?
In 2020, the median household income in Putnam County, New York was $107,110. By 2024 it had risen 18% to $126,338.
Is Putnam County, New York a high-income area?
Yes. 23% of adults in Putnam County, New York earn $100,000 or more a year (about 1 in 4), against 17% (about 1 in 6) in New York. 26% of households have a combined income of $200,000 or more, compared with 17% in New York.
Is it hard to find a job in Putnam County, New York?
Unemployment in Putnam County, New York is only 4.4%, well below the New York rate of 6.4%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Putnam County, New York?
The Gini coefficient in Putnam County is 0.530. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Putnam County, New York?
Since 2009, the income gap between men and women in Putnam County, New York has narrowed from about 27% to 13% in 2024. Over that period the gap was widest at 27% in 2010. In dollar terms, the gap has narrowed by $6,830 since 2009.
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