Can A Real Estate Agent Afford Rent in Old Town, ME?
Stretched but workable — rent takes 36.2% of gross income.
Old Town rent: July 2026. Salary: BLS OEWS May 2024 (Maine state estimate).
About rent and a real estate agent salary
Real estate agent pay is commission-driven and varies widely with local market conditions. The BLS mean averages high and low producers. At the national-average agent salary, the 30% rule supports about $1,640 a month in rent — though successful agents in active markets earn well above this.
Cheaper rent nearby
These Maine cities have lower median rent than Old Town, which improves the affordability math on a real estate agent salary:
Compare with full rent data for Old Town
View full rent data for Old Town, ME →Frequently asked questions
Can a real estate agent afford rent in Old Town, ME?
Median rent in Old Town is $1,839 a month. A typical real estate agent in Maine earns about $60,989 a year, which makes that rent 36.2% of gross monthly income. Under the 30% rule, the answer is no — rent exceeds the 30% threshold.
How much rent can a real estate agent afford in Old Town?
Using the 30% rule, a real estate agent salary in Maine (~$60,989/yr) supports up to $1,525 a month in rent. Old Town's current median rent is $1,839/mo, which is $314/mo over the affordability threshold.
How many hours does a real estate agent work to cover rent in Old Town?
At an hourly equivalent of about $29 an hour, a real estate agent in Maine works roughly 62.7 hours a month to cover Old Town's median rent of $1,839.
Where is rent cheaper than Old Town for a real estate agent?
Nearby Maine cities with lower median rent include Bath ($1,838/mo), Bath ($1,825/mo), Orono ($1,805/mo). Each shifts the affordability math materially on a real estate agent salary.