Old Town, ME vs Waterville, ME

Old Town, ME and Waterville, ME have a very similar cost of living, with only a 0.7% difference in their overall index. Old Town scores 78 while Waterville scores 79 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Old Town is $1,014/month compared to $957/month in Waterville — a 6% difference. Home values follow the same pattern: Waterville is more affordable at $173,700 median vs $183,200.

Median household income in Old Town is $49,329 compared to $47,489 in Waterville (+3.9%). Old Town offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Old Town spend roughly 24.7% of their income on rent, more than the 24.2% in Waterville.

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