Hallowell, ME vs Old Town, ME

Old Town is moderately more affordable than Hallowell, with a 5.5% lower cost of living index. Hallowell scores 82 compared to 78 for Old Town, where the US average is 100. This difference means residents of Hallowell can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Hallowell is $830/month compared to $1,014/month in Old Town — a 18% difference. Interestingly, home values tell a different story: while Hallowell has cheaper rent, Old Town actually has lower median home values ($183,200 vs $266,700).

Median household income in Hallowell is $58,811 compared to $49,329 in Old Town (+19.2%). While Hallowell is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hallowell spend roughly 16.9% of their income on rent, less than the 24.7% in Old Town.

Climate-wise, both cities share similar average temperatures (46.1°F vs 43.2°F). Old Town receives more rainfall at 44.4" per year compared to 41.8" in Hallowell.