Cost of Living & Housing in Old Town
Old Town's cost of living centers on genuinely affordable home prices paired with a real, disclosed, elevated property tax rate, set against a real, disclosed lower local median household income.
Exploring the idea of moving?
We can connect you with a local real estate professional who knows the area -- no pressure, just a starting point.
Learn moreA genuinely affordable median home price
Old Town's own median home price ran approximately $126,000 (Ownwell) -- far below both the national median and Maine's own statewide figures of approximately $422,000-$428,000 (base record).
A 2.10% effective property tax rate and a $2,629 median tax bill
Old Town's own 2.10% effective property tax rate (Ownwell) runs genuinely above both Maine's statewide average (approximately 1.10%) and the national median (1.02%), producing a median annual tax bill of $2,629 (base record).
A real, disclosed lower median household income
Old Town's own median household income ran $51,585, with a 21.33% poverty rate -- both figures running materially below Maine's statewide and national benchmarks, a real, disclosed economic challenge (base record).
Maine's 7.15% top income tax rate and full Social Security exemption
Maine's real, current 2026 individual income tax tops out at 7.15% for the overwhelming majority of taxpayers, with a full Social Security exemption and a $48,216 pension income deduction subject to phaseout (base record).
Key takeaways
- Old Town's median home price runs approximately $126,000 -- genuinely affordable.
- Old Town's own 2.10% effective property tax rate produces a $2,629 median annual tax bill, above both Maine's and the national average.
- Median household income ($51,585) and poverty rate (21.33%) both run below Maine's and the national benchmarks -- a real, disclosed factor to weigh.
- Maine's 7.15% top income tax rate and full Social Security exemption apply in Old Town as they do statewide.
Want to know what your budget actually buys here?
Tell us a bit about what you're looking for and we'll connect you with someone local who can walk you through real numbers.
Get local guidanceRead the full Old Town overview for the complete picture -- housing, taxes, climate, and who this place genuinely fits.
Planning a move?
Tell us what you're looking for and we'll connect you with a local expert who can help you make it happen.
Talk to a local expert