There are a lot of convenience stores in this town.
It's dangerous to walk alone in this town at night.
My town is famous for making the best invisible guitars.
The kanji and the word are exactly the same. That means they share meanings as well.
Since this word is made up of a single kanji, it should use the kun'yomi reading. When learning the kanji, you didn't learn that reading, so here's a mnemonic to help you with this word:
You walk into this town. You hate it (because it's vocab, and who doesn't hate vocab?). So what do you do? You pull out a match (まち) and burn this town to the ground. Whoa, you some kind of psycho?