Putnam County, Tennessee
Income Data
At a Glance
How Putnam County Compares
Detailed Income Statistics
Data Story
About Household Income in Putnam County, Tennessee
Putnam County Below National Income, Above Peers
Putnam County's median household income of $56,537 falls $18,218 short of the national median of $74,755, a 24% gap. However, it ranks second-highest in its peer group, reflecting stronger economic performance than most rural neighbors.
Near Tennessee's Statewide Income Average
Putnam County's $56,537 median income sits just $2,457 below Tennessee's state average of $58,994. The per capita income of $30,508 closely mirrors the state average of $31,458, indicating balanced earnings distribution.
Second-Strongest Income Among Rural Peers
Putnam County's $56,537 median income ranks second only to Polk County ($60,227) among its peer cluster. The county substantially outpaces lower-income neighbors like Overton ($46,159), Perry ($50,489), and Pickett ($44,591).
Higher Housing Burden Limits Wealth-Building
Putnam County's rent-to-income ratio of 18.7% is manageable but higher than several peers, reflecting moderate affordability pressure. The median home value of $246,800 is the highest in the group, representing 4.4 years of gross household income—a significant barrier to homeownership wealth-building.
Strategic Home Buying and Savings Planning
Putnam County's elevated home values require careful financial planning for would-be homeowners; strong incomes help offset the challenge. Focus on building substantial down payments, securing favorable mortgage rates, and maintaining emergency savings to manage the larger financial commitment home purchases demand.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Putnam County median
County median: $56,537 per year
vs. County Median
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vs. State Average
-4%
vs. National Median
-24%
Income Adequacy
Your monthly income ($4,711) vs. median rent ($881/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.