Apartments for rent in Old Town, ME

Old Town, a small town in Maine, has a population of slightly less than 8,000. It's a great place to start a career, as young professionals make up a higher percentage of the population here (18%) than nationally (15%). Overall, the town's residents, at an average age of just over 39, skew younger than most cities in Maine. Only 33% of residents rent in Old Town, as the majority own their homes. Renting remains an affordable option, though, as the town boasts a relatively low average rent of $763 per month. Over the course of a year, renters in Old Town will save around $1,100 compared to the state average.

Compared to the national average (7%), Old Town has a relatively large number of residents older than 25 who have advanced degrees, as 8% possess a Master's or a Doctoral degree. Further, 13% have a Bachelor's degree. There are three primary industries in Old Town: education, retail, and healthcare. Together, these industries account for 29% of the town's labor force. Meanwhile, in terms of job function, many of the town's workers are in sales, as 7% of the town's population reports this as their field of work, the highest number of any field. With an average annual income of around $54,000, Old Town workers earn about $8,000 less than their peers elsewhere in the state. The town's average income also trails the national average ($73,345).

Averaging about 21 minutes, the commute time for Old Town residents outperforms the state average of about 23 minutes. Driving a vehicle is the prevailing way to get to work, selected by 45% of workers, while public transit isn't used extensively. A small percentage of commuters walk to work.

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