Derby, CT vs Putnam, CT

Putnam is moderately more affordable than Derby, with a 11.9% lower cost of living index. Derby scores 99 compared to 88 for Putnam, where the US average is 100. This difference means residents of Derby can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Derby is $1,453/month compared to $1,124/month in Putnam — a 29% difference. Home values follow the same pattern: Putnam is more affordable at $236,000 median vs $242,300.

Median household income in Derby is $76,263 compared to $63,209 in Putnam (+20.7%). While Derby is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Derby spend roughly 22.9% of their income on rent, more than the 21.3% in Putnam.