Is Old Town, Maine a Good Place To Live? - Living In Old Town, ME

Is Old Town, Maine a good place to live?
Old Town is a city in Maine state in USA with a population of 7453 residents.. The poverty rate of Old Town is 21.4%, which is 53% higher than national average. The typical household in Old Town earns $41406 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 20 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 56.8% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Old Town, only 94% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Old Town remained 2.7%, which is 43% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Old Town, only 36% of adults have a bachelor's degree and 29% have some college but no degree.

Cost of living in Old Town is 98, which is 2% lower than national average. Median home value in Old Town is $134500 , which is 41% lower than national average. While median income in Old Town remained $41406, which is 39% lower than national average.
Population
7453
Unemployment
2.7%
43% NAT AVG.
Poverty
21.4%
53% NAT AVG.
Overall Score
8
Median Home Cost
$134500
41% NAT AVG.
Median Income
$41406
39% NAT AVG.
Median Rent
$782
33% NAT AVG.
Cost Of Living
98
2% NAT AVG.
People Living BPL
1 in 5
Unemployed People
1 in 37
People Earning < $10,000
1 in 20
People Earning < $50,000
56.8%
People with <= High School
1 in 2.9
People With Any Degree
1 in 2.2
Pros & Cons Overview

Jobs70%

Housing60%

Affordability60%

Safety85%

Amenities60%

Diversity40%

Education85%

Commute85%