Housing costs in Old Town?
A typical home costs
$195,300, which is 42.2% less expensive than the national average of
$338,100 and 41.5% less expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Old Town costs
$1,720 per month, which is 37.6% more than the national average of
$1,250 and 40.7% more than the state average of
$1,020.
Can I afford Old Town?
To live comfortably in Old Town (zip 04489), Maine, a minimum annual income of
$37,440 for a family, and
$52,400 for a single person is recommended.
What does A.I. say about Old Town?
The cost of living in 04489 Old Town, ME is relatively high due to the town’s close proximity to major cities like Portland and Bangor. Despite its remote location, the town is well-equipped with amenities like grocery stores, restaurants, and shops. The median home price in Old Town stands at $195,000 which is slightly higher than the state's median of $182,000. Despite this, there are still a number of affordable homes available on the market. The overall cost of living in Old Town is slightly higher than the national average but it is offset by its beautiful scenery and friendly community atmosphere.