Does the job very well.
8 out of 10 because It does fit the bill very nicely. It sounds exactly like an rpg town would, but you lost those other 2 points cause the tune isn't really memorable, and the games with best music even have town music you remember.
If you wanted to spice it up, at :52 at add another istrument in a diffrent octave, or maybe thirds.
However, a song like this might not need spicing up, hmm?