Old Town, ME (04489) is a small town located on Penobscot River with a population of approximately 7,000 people. The two bedroom rent in Old Town is around $1,720 per month compared to the US average of $1,430 per month. In addition to rental prices being higher than average, grocery costs are significantly higher than the national average. The Grocery Cost Index in Old Town is 105 versus 100 in the US. Local companies such as Pepsi Cola Bottling Co., Old Town Canoe Co., and Dead River Company employ many people from the area. \nThe cost of living index in Old Town is about 8% higher than the national average across all categories including housing, utilities, transportation and healthcare as well as other goods and services. This means that residents will need to have more money available for day-to-day living expenses in order to cover their bills and lifestyle needs.