Living in Old Town, Maine
Cost of living, income, home prices, rent and demographics of Old Town · Census data 2020–2024
Old Town has 7,470 residents with a median age of 37. The median household income is $51,585 (31% lower than the Maine median), the median home value is $208,100, the median rent is $989/month.
Old Town at a glance
- Population
- 7,470
- Median age
- 37State: 44.8
- Median household income
- $51,585State: $74,733
- Median home value
- $208,100State: $296,600
- Median rent
- $989/moState: $1,139
- Homeowners
- 59.3%
- Bachelor's degree or higher
- 36.8%
- Average commute
- 20 min
Is Old Town a good place to live?
Pros: Home values 30% lower than the state median; an average commute of 20 minutes; unemployment of 1.8%.
Cons: Median household income 31% lower than the Maine median; a poverty rate of 21.3%.
The weather is best in June to September.
Cost of living in Old Town
Housing is the biggest part of the cost of living. In Old Town the median home value is $208,100, 37% lower than the U.S. median. Renters pay a median of $989 per month, which is 30.2% of household income. Homeowners with a mortgage pay $1,564 a month in housing costs.
Old Town median household income
The median household income in Old Town is $51,585 and the income per person is $32,781. 21.3% of residents live below the poverty line (Maine: 10.7%).
Housing in Old Town: homes for sale and rent
- Housing units
- 3,676
- Owner-occupied
- 59.3%
- Renter-occupied
- 40.7%
- Vacant
- 13.2%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 2.34
Old Town demographics
- Population
- 7,470
- Median age
- 37
- Under 18
- 21.8%
- 65 and older
- 16.9%
- Households
- 3,192
- Foreign-born
- 3.2%
- Veterans
- 10%Adults 18+
Hispanic or Latino can be of any race. Population history of Old Town ›
Education in Old Town
36.8% of adults 25 and older in Old Town have a bachelor's degree or higher (Maine: 36.2%), and 20.7% have a graduate or professional degree.
Jobs and commute in Old Town
- Unemployment rate
- 1.8%State: 3.8%
- Average commute
- 20 minState: 25 min
- Work from home
- 21.4%
- Drive alone
- 62.4%
- Public transit
- 0.5%
- Walk to work
- 3.2%
- Homes with broadband
- 89.4%
Old Town vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Old Town | 7,470 | $51,585 | $208,100 | $989 |
| Orono | 11,902 | $61,528 | $272,600 | $1,255 |
| Alton | 819 | $62,955 | $179,500 | $866 |
| Glenburn | 4,737 | $97,474 | $276,900 | $1,143 |
| Veazie | 1,847 | $78,229 | $293,100 | $1,095 |
| Hudson | 1,305 | $67,933 | $157,300 | $1,086 |
| Milford | 3,095 | $85,111 | $176,400 | $943 |
| Bangor | 31,938 | $59,942 | $219,600 | $1,055 |
| Kenduskeag | 1,333 | $79,792 | $177,900 | $1,033 |
More for people moving to Old Town
Old Town ZIP code ›Weather and climate ›Living in Old Town: FAQ
What is the median household income in Old Town, ME?
The median household income in Old Town is $51,585, 31% lower than the Maine median of $74,733 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Old Town?
The median home value in Old Town is $208,100, compared with $296,600 in Maine.
How much is rent in Old Town?
The median gross rent in Old Town is $989 per month, about 30.2% of household income.
Is Old Town, ME a good place to live?
Pluses: home values 30% lower than the state median; an average commute of 20 minutes; unemployment of 1.8%. Minuses: median household income 31% lower than the Maine median; a poverty rate of 21.3%.
What is the median age in Old Town?
The median age in Old Town is 37 years (Maine: 44.8).
How long is the commute in Old Town?
The average commute to work in Old Town is 20 minutes; 21.4% of workers work from home.
What is the unemployment rate in Old Town?
The unemployment rate in Old Town is 1.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Old Town?
36.8% of adults in Old Town have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: