Putnam Lake 61 Average
Putnam Lake Livability #832 ranked city in New York#16,622 ranked city in the USARanks better than 43% of areas

Pros and Cons of Living in Putnam Lake

PROS
  • Crime

    Crime per 100,000 people is significantly lower than the national average, making it a safe place to live. These crime statistics include both violent and property crimes.

  • Employment

    Higher than average median household income, income per capita and lower unemployment rates are seen in this area. The result is a high score in the employment category.

  • Housing

    High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.

CONS
  • Amenities

    The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.

  • Commute

    A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.

  • Cost Of Living

    Living in this region comes with a high cost of living, translating to elevated costs for homes, goods and services, groceries, utilities, health care and transportation.

  • Health & Safety

    The low score in this category could be due to challenges related to air quality and the limited accessibility of health-related facilities like hospitals, nursing homes, doctors and pharmacies.

  • Schools

    The low schools score could result from issues like below-average graduation rates, inadequate reading and math scores, and the unavailability of local elementary and high schools.

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What's it like Living in Putnam Lake?

Putnam Lake, New York is a smaller city with a population of 3,943 residents. According to the most recent Census, 80% of Putnam Lake residents are White, 4% Black and 1% Asian. When traveling to work, spending unnecessary time in your vehicle is not ideal and downright frustrating. Across all of America, the average one way commute time is 26 minutes, unfortunately, living in Putnam Lake offers up a higher than average one way commute time of 36 minutes.

Without the right tools, moving to any new town can be very stressful and challenging. Living in Putnam Lake, New York could be a good experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. With useful information like cost of living, health & safety, education, housing and other key data points, finding the best places to live in Putnam Lake and in the areas around Putnam Lake is a much easier task.

With a livability score of 60 out of 100, Putnam Lake is ranked #16,593 in the United States and #878 in New York. Compared to the United States average, this area has a score which ranks among the lowest in the nation, and it is not considered a very livable city. If we dig a little deeper into each category within the livability score, we see that Putnam Lake has higher than average scores for the following: crime (A+), employment (A+) and housing (A+). There are some categories that Putnam Lake does not rank well for, including: amenities (F), cost of living (F) and education (F). It might be worth taking a closer look to find out why.

Finding affordable real estate and housing in Putnam Lake can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.

There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Putnam Lake is actually affordable. Median real estate prices in Putnam Lake come in at $262,800, which is 8.2% lower than the New York average. The home price to income ratio compares the median home prices to the median household income. In Putnam Lake, the home price to income ratio is 2.8, which is 40.4% lower than the New York average.

Best Places to Live in and Around Putnam Lake

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Compare Putnam Lake, NY Livability

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      Putnam Lake transportation information

      Statistic Putnam Lake New York National
      Average one way commute36min33min26min
      Workers who drive to work76.9%53.0%76.4%
      Workers who carpool7.6%6.7%9.3%
      Workers who take public transit4.8%28.0%5.1%
      Workers who bicycle0.3%0.7%0.6%
      Workers who walk0.0%6.3%2.8%
      Working from home10.5%4.0%4.6%
      Source: The Putnam Lake, NY data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS).