Old Town, ME Cost Of Living
Cost Of Living In Old Town, ME Summary
Cost of living in Old Town research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Old Town is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Maine, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Old Town is 98, with 100 being the average.
The cost of living index in Old Town is 1.0x lower than the national average.
Old Town ranks as the #8 cheapest in Maine out of 29.
Old Town ranks as the #2,890 cheapest out of 6,412 in the US.
The median home value in Old Town is $145,000.
The median income in Old Town is $43,474.
Table Of Contents
Old Town's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Old Town, ME?
According to the most recent data on the cost of living, Old Town has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to Maine, Old Town has a cost of living index that's 0.9x lower than Maine's index of 112.
The standard of living in Old Town ranks as #8 most affordable out of the 29 places we measured in Maine. By definition, that implies Old Town ranks as the #21 most expensive place in the Pine Tree State.
For more reading on life in Old Town, check out:
- Living In Old Town
- Old Town Crime Report
- Search Homes For Sale In Old Town, ME
In Maine
In America
Old Town Cost Of Living Vs. Maine
Six factors go into calculating the cost of living index in Old Town. Here is how it fairs on each of the criteria:
The Services index in Old Town is 108.
The Groceries index in Old Town is 100.
The Health index in Old Town is 112.
The Housing index in Old Town is 70.
The Transportation index in Old Town is 103.
The Utilities index in Old Town is 110.
| Living Expense | Old Town | Maine | National Average | |
|---|---|---|---|---|
| Overall | 98 | 112 | 100 | |
| Services | 108 | 114 | 100 | |
| Groceries | 100 | 101 | 100 | |
| Health | 112 | 97 | 100 | |
| Housing | 70 | 120 | 100 | |
| Transportation | 103 | 116 | 100 | |
| Utilities | 110 | 104 | 100 | |
Old Town, ME Housing Cost Breakdown
Housing swings affordability the most between places in Maine, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Old Town is $145,000.
The Median Rent in Old Town is $901.
The Median Income in Old Town is $43,474.
The Home Value To Income in Old Town is 3.3x.
The Rent To Monthly Income in Old Town is 0.25x.
| Statistic | Old Town | Maine | United States |
|---|---|---|---|
| Median Home Value | $145,000 | $212,100 | $244,900 |
| Median Rent | $901 | $927 | $1,163 |
| Median Income | $43,474 | $63,182 | $69,021 |
| Home Value To Income | 3.3x | 3.4x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Old Town, ME Costs By Category
Detailed Old Town Services Costs Vs. Maine
Detailed Old Town Groceries Costs Vs. Maine
Detailed Old Town Health Costs Vs. Maine
Detailed Old Town Transportation Costs Vs. Maine
Detailed Old Town Utilities Costs Vs. Maine
Old Town SnackAbility
/10
