Old Town, ME
Population 7,439 · Maine
About Old Town, ME
Old Town is a small community in Maine with a population of 7,439 residents. The median household income is $49,329 per year, which is below the national average. The median age in Old Town is 37.5 years.
Housing in Old Town has a median home value of $183,200 and median monthly rent of $1,014. Of the 3,797 total housing units, the majority are owner-occupied, with 1,904 owner-occupied and 1,352 renter-occupied units.
The unemployment rate in Old Town is 2.3% and the poverty rate is 21.3%. 38.3% of residents hold a bachelor's degree or higher. The average commute time is 19 minutes.
How Old Town Ranks in Maine
Cost of Living in Old Town, ME
Compared to national averages, Old Town has a median household income of $49,329 (34% below the national median of $75,149). Home values average $183,200, which is 25% below the national median. Monthly rent at $1,014 is 13% below the US average of $1,163. Within Maine, Old Town's income is 24% below the state average of $64,613, and home values are 27% below the state median of $251,113.
Why Live in Old Town, ME?
Old Town offers affordable housing with a median home value of $183,200, below the US average of $244,900, and rent that’s lower than the national average at $1,014/month, and a strong job market with an unemployment rate of just 2.3%. Additionally, the city features a well-educated community where 38.3% of residents hold a bachelor’s degree or higher, and short commute times averaging just 19 minutes.
Potential considerations include median household income ($49,329) that falls below the national average. However, Old Town’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Old Town has a population of 7,439 with a median age of 37.5 years. Compare Old Town with other cities to see how it stacks up, or explore all cities in Maine.
Similar Cities Near Old Town
Cities in Maine with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Caribou | 7,427 | $54,271 | $120,300 | Compare |
| Gorham | 7,365 | $125,058 | $459,000 | Compare |
| Rockland | 6,991 | $55,276 | $234,400 | Compare |
| Belfast | 6,985 | $61,322 | $307,700 | Compare |
| Topsham | 6,962 | $80,545 | $341,800 | Compare |
| Skowhegan | 6,638 | $46,625 | $138,600 | Compare |
| Ellsworth | 8,550 | $70,990 | $214,500 | Compare |
| Yarmouth | 6,293 | $92,311 | $506,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maine
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Old Town
What is the population of Old Town, ME?
The population of Old Town, ME is 7,439 according to the latest Census data.
What is the median household income in Old Town?
The median household income in Old Town, ME is $49,329 per year.
What is the median home value in Old Town?
The median home value in Old Town, ME is $183,200.
What is the average rent in Old Town?
The median monthly rent in Old Town, ME is $1,014.
What is the unemployment rate in Old Town?
The unemployment rate in Old Town, ME is 2.3%.