Cape Neddick, ME vs Old Town, ME

The cost of living difference between Cape Neddick, ME and Old Town, ME is dramatic. Old Town is 80.5% cheaper than Cape Neddick, a gap that translates to thousands of dollars per year in household expenses. Cape Neddick has a cost index of 141 while Old Town sits at 78, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Cape Neddick is $1,723/month compared to $1,014/month in Old Town — a 70% difference. Home values follow the same pattern: Old Town is more affordable at $183,200 median vs $636,100.

Median household income in Cape Neddick is $98,113 compared to $49,329 in Old Town (+98.9%). While Cape Neddick is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cape Neddick spend roughly 21.1% of their income on rent, less than the 24.7% in Old Town.

Climate-wise, Cape Neddick is notably warmer with an average of 47.1°F compared to 43.2°F in Old Town. Cape Neddick receives more rainfall at 47.8" per year compared to 44.4" in Old Town.