56th most affordable of 199 in Metro Detroit
Cost of Living in Putnam Township, MI
A typical home in Putnam Township costs about $1,477 a month, 18.4% of the median household income of $96,442. That makes Putnam Township the 8th most affordable of 20 places in Livingston County and 56th of 199 across Metro Detroit.
- Median rent a month
- $1,186
- Median home value
- $344,900
- Owner cost with a mortgage
- $1,767
- Of income on housing
- 18.4%
Putnam Township against Livingston County and the metro
| Census median | Putnam Township | Livingston County | Metro Detroit |
|---|---|---|---|
| Median rent (monthly) | $1,186 | $1,287 | $1,207 |
| Median home value | $344,900 | $356,800 | $249,700 |
| Owner cost with a mortgage (monthly) | $1,767 | $1,899 | $1,720 |
| Median household income (yearly) | $96,442 | $103,039 | $76,664 |
| Share of income on housing | 18.4% | 18.6% | 22.9% |
Ranked 8th most affordable of 20 in Livingston County. See all 20.
Cost of living near Putnam Township
The towns around Putnam Township, each with its own page.
- Pinckney Rent $1,150 · Home $267,600 20th most affordable in the metro
- Genoa Township Rent $1,462 · Home $395,300 107th most affordable in the metro
- Iosco Township Rent $0 · Home $319,500 119th most affordable in the metro
- Hamburg Township Rent $1,110 · Home $384,700 4th most affordable in the metro
- Marion Township Rent $1,514 · Home $381,100 17th most affordable in the metro
- Unadilla Township Rent $1,121 · Home $258,300 148th most affordable in the metro
- Howell Rent $1,177 · Home $265,600 190th most affordable in the metro
- Brighton Rent $1,198 · Home $339,000 149th most affordable in the metro
Living in Putnam Township
- Homes for sale in Putnam Township Listings and off-market deals
- Rentals in Putnam Township Houses and apartments for rent
- Cost of living in Livingston County Every town in the county, ranked
- Most affordable cities in Metro Detroit All six counties, ranked
- Putnam Township city guide Pros, homes and city services
Putnam Township cost of living questions
5 questions
Is Putnam Township, MI expensive to live in?
A typical home in Putnam Township takes 18.4% of the median household income, against 22.9% across Metro Detroit, which ranks it 56th most affordable of 199 places.
What is the average rent in Putnam Township?
The median gross rent is $1,186 a month, rent plus the utilities the renter pays, 2% below the metro.
How much does a house cost in Putnam Township?
Owners put the median home value at $344,900, 38% above the metro. With a mortgage, the median owner pays $1,767 a month for the mortgage, taxes, insurance and utilities.
What income do you need to live in Putnam Township?
Spending no more than 30% of income on housing, the usual rule, a typical Putnam Township home at $1,477 a month calls for about $59,000 a year. The median household here earns $96,442.
Where do these numbers come from?
The U.S. Census Bureau's American Community Survey 2020-2024 5-year estimates for Putnam Township. They are medians, half above and half below, and today's listings and rents can differ.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates.