Cost Of Living in Old Town, ME

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4%

Overall NAT. AVG.

3%

Groceries NAT. AVG.

24%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Old Town	Maine	National
Cost of living	96	100	100
Groceries	103	103	100
Health care	101	101	100
Housing	76	91	100
Transportation	105	103	100
Utilities	110	108	100
Lifestyle & Entertainment	104	103	100
Household Items	103	103	100
Education & Childcare	104	106	100

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Homes For Sale In Old Town, ME

398 Brunswick St

Old Town, ME

15 Sylvan Rd

Orono, ME

345 Center St

Old Town, ME

78 River Village Dr #78

Milford, ME

Cost Of Living Quick Facts

The cost of living in Old Town is 4% lower than the Maine average
The cost of living in Old Town is 4% lower than the national average
Old Town housing is 24% lower than the national average
Maine general sales tax is 8% higher than the national average
Maine state income tax is 123% higher than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$78,829	$6,569	$1,839	$2,365
Renters	$43,852	$3,654	$1,023	$1,316

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Old Town, ME, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Old Town homeowners, is $78,829. This would allow for a maximum of $1,839 per month to be spent on housing costs. For renters, the median monthly income is $43,852 which would result in a maximum of $1,023 to be spent on rental costs.

Maine Sales Tax

State	General Sales Tax	With Max Surtax
Maine	5.5%	5.5%

Maine Income Tax

State	Income Tax (Low)	Income Tax (High)
Maine	5.8%	7.15%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Milford, ME	2,437	94	5.8%
Bangor, ME	32,703	99	1.4%
Brewer, ME	9,292	100	0.2%
Orono, ME	9,738	101	1.3%
Hampden, ME	4,495	105	5.4%
Old Town, ME	7,646	96	4.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Tappan, NY	7,646	161	61.2%
Georgetown, DE	7,641	112	11.7%
Ancient Oaks, PA	7,641	121	21.3%
Huron-Kinloss, ON	7,651	n/a
Highland Heights, KY	7,638	89	11.0%
Old Town, ME	7,646	96	4.3%