Old Town, ME (04468) is a small city located in Penobscot County with a population of 7,835 people. The 2 bedroom rent in Old Town is $1,060, which is significantly lower than the US average of $1,430. The grocery cost index in Old Town is 105, making it slightly more expensive than the US average of 100. There are many local companies that make up the economy of Old Town. These include Old Town Fuel & Fiber, Otis Federal Credit Union, B&A Supermarket & Deli, and City Taxi Inc. All these businesses work together to keep the city vibrant and growing.
Old Town (zip 04468) has an unemployment rate of 5.3%. The US average is 6.0%.
Old Town (zip 04468) has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Old Town (zip 04468)
- The Sales Tax Rate for Old Town (zip 04468) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Old Town (zip 04468) is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Old Town (zip 04468)
- The average income of a Old Town (zip 04468) resident is $20,537 a year. The US average is $28,555 a year.
- The Median household income of a Old Town (zip 04468) resident is $46,270 a year. The US average is $69,021 a year.