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Old Town, Maine 0 Reviews | Leave a Comment  Add Favorite



Pros

-Outdoor recreation
-Attractive setting
-Nearby university

Cons

-Low job growth
-Isolation
-Harsh winters


What Bert Has To Say About Bangor Metro Area


Bangor is the gateway to the “north country” and a fairly prosperous lumber, paper, and shipping center and the navigable terminus of the Penobscot River in east-central Maine. The areas to the north are wooded wilderness. The rugged shore area is 30 miles to the south, and the “Down East” coast to the northeast is a vast, unpopulated area of classic New England coastline with fishing and other recreational sites. Acadia National Park is on an island 40 miles to the south. Old Town, on a river island 10 miles north, is home to the University of Maine and the Old Town Canoe Company, a business befitting to the area.


Highlights



Quick Facts About Old Town


    ECONOMY
    The unemployment rate in Old Town is 5.30 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Old Town jobs have Increased by 1.42 percent.
    COST OF LIVING
    Compared to the rest of the country, Old Town's cost of living is 1.50% Lower than the U.S. average.
    POPULATION
    As of 2014, Old Town's population is 7,831 people. Since 2000, it has had a population growth of -3.71 percent.
    TRANSPORTATION
    Average Commute time is 19 minutes. The National Average is 25 minutes.
    REAL ESTATE
    The median home cost in Old Town is $138,700. Home appreciation the last year has been -2.70 percent.
    SCHOOLS
    Old Town public schools spend $14,087 per student. The average school expenditure in the U.S. is $12,435. There are about 12.1 students per teacher in Old Town.

Best Places to Live in Old Town, Maine



Old Town Housing Market


It's not a good time to buy in Old Town. Home Appreciataion is down -2.7% in the last 12 months. Browse Old Town Real Estate.
The median home price in Old Town is $138,700. Browse Homes in this Range.
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