Cost of Living in Putnam, AL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
54.4
100 = national avg
-45.6 vs national average
Living Wage (1 Adult)
$23,947
per year
Living Wage (Family of 4)
$56,601
per year
Cost Index by Category
Housing22.0
Transportation115.3
Utilities76.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$693
per month
2 Bedroom
$783
per month
The overall cost of living index in Putnam is 54.4, which is 45.6% below the national average. Housing costs are below the national average at an index of 22.0. A single adult needs to earn approximately $23,947 per year to cover basic expenses.