Pros and Cons of Living In Old Town, Maine. Is Old Town, ME a Nice Place To Live or Retire?

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Old Town, Maine

Moving to Old Town In Maine ? Is Old Town, ME a Nice Place To Live? Pros and Cons of Living in Old Town, Maine. Find out the best and worst about to live, raise a family or retire in Old Town.

DEMOGRAPHICS

Population
7453
Unemployment
2.7%
43% NAT AVG.
Poverty
21.4%
53% NAT AVG.
Cost Of Living
98
2% NAT AVG.

ECONOMICS

Median Home Cost
$134500
41% NAT AVG.
Median Income
$41406
39% NAT AVG.
Median Rent
$782
33% NAT AVG.
Overall Score
8

CRIME REPORT

Total Crime
77
56% NAT. AVG.
18% STATE AVG.
Violent Crime
2
93% NAT. AVG.
75% STATE AVG.
Property Crime
75
48% NAT. AVG.
12% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 5
Unemployed People
1 in 37
People Earning < $10,000
1 in 20
People Earning < $50,000
56.8%
People With Any Degree
1 in 2.2

ETHNICITY

Ethnicity Old Town USA
White 93.2% 60.1%
African American 0% 12.2%
American Indian 2.3% 0.6%
Asian 0.5% 5.6%
Hawaiian 0% 0.2%
Multiracial 4% 2.8%
Hispanic 0% 18.2%
Other 0% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Old Town USA
Less than $10,000 5% 5.8%
$10,000 to $14,999 9.7% 4.1%
$15,000 to $24,999 11.8% 8.5%
$25,000 to $34,999 13.8% 8.6%
$35,000 to $49,999 16.5% 12.0%
$50,000 to $74,999 17.3% 17.2%
$75,000 to $99,999 10.5% 12.8%
$100,000 to $149,999 7.7% 15.6%
$150,000 to $199,999 6.3% 7.1%

EDUCATION

Education Old Town USA
< 9th Grade 2% 5.0%
9-12th Grade 4% 7.0%
High School or GED 29% 27.0%
Other College 19% 20.0%
Associate's Degree 10% 9%
Bachelor's Degree 19% 20.0%
Master's Degree 14% 9.0%
Professional Degree 1% 2.0%
Doctorate Degree 2% 1.0%
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. The unemployment rate of Old Town remained 2.7%, which is 43% lower than national rate.

Cost of living in Old Town is 98, which is 2% lower than national average. In Old Town, only 36% of adults have a bachelor's degree and 29% have some college but no degree. 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.
Old Town Scorecard

Jobs70%

Housing60%

Affordability60%

Safety85%

Amenities60%

Diversity40%

Education85%

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