Putnam Valley is a somewhat small town located in the state of New York. With a population of 11,777 people and three associated neighborhoods, Putnam Valley is the 159th largest community in New York.
Housing costs in Putnam Valley are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in New York.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 10.64% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because of many things, Putnam Valley is a great place for families with children to consider. First of all, many other families with children live here, making Putnam Valley a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Putnam Valley has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Putnam Valley’s overall crime rate is lower than average for the country.
In Putnam Valley, however, the average commute to work is quite long. On average, people spend 40.06 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit.
Despite being a small town, Putnam Valley has a lot of people using the train to get to and from work every day. Most of these people on the train are using it to get to good jobs in other cities.
The citizens of Putnam Valley are among the most well-educated in the nation: 47.44% of adults in Putnam Valley have a bachelor's degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor's degree.
The per capita income in Putnam Valley in 2022 was $54,158, which is upper middle income relative to New York, and wealthy relative to the rest of the US. This equates to an annual income of $216,632 for a family of four.
Putnam Valley is a very ethnically-diverse town. The people who call Putnam Valley home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Putnam Valley residents report their race to be White, followed by Black or African-American. Putnam Valley also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 12.55% of the town’s residents. Important ancestries of people in Putnam Valley include Irish, Italian, German, English, and Northern European.
The most common language spoken in Putnam Valley is English. Other important languages spoken here include Other Indo-European and Italian.