Revere, MA Cost Of Living
Cost Of Living In Revere, MA Summary
Cost of living in Revere research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Revere is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Massachusetts, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Revere is 134, with 100 being the average.
The cost of living index in Revere is 1.3x higher than the national average.
Revere ranks as the #56 cheapest in Massachusetts out of 113.
Revere ranks as the #5,400 cheapest out of 6,412 in the US.
The median home value in Revere is $431,200.
The median income in Revere is $73,041.
Table Of Contents
Revere's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Revere, MA?
According to the most recent data on the cost of living, Revere has an overall cost of living index of 134, which is 1.3x higher than the national index of 100.
Compared to Massachusetts, Revere has a cost of living index that's 0.9x lower than Massachusetts's index of 143.
The standard of living in Revere ranks as #56 most affordable out of the 113 places we measured in Massachusetts. By definition, that implies Revere ranks as the #57 most expensive place in the Bay State.
For more reading on life in Revere, check out:
- Living In Revere
- Revere Crime Report
- Search Homes For Sale In Revere, MA
In Massachusetts
In America
Revere Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Revere. Here is how it fairs on each of the criteria:
The Services index in Revere is 127.
The Groceries index in Revere is 114.
The Health index in Revere is 120.
The Housing index in Revere is 161.
The Transportation index in Revere is 108.
The Utilities index in Revere is 123.
| Living Expense | Revere | Massachusetts | National Average | |
|---|---|---|---|---|
| Overall | 134 | 143 | 100 | |
| Services | 127 | 126 | 100 | |
| Groceries | 114 | 108 | 100 | |
| Health | 120 | 117 | 100 | |
| Housing | 161 | 202 | 100 | |
| Transportation | 108 | 114 | 100 | |
| Utilities | 123 | 123 | 100 | |
Revere, MA Housing Cost Breakdown
Housing swings affordability the most between places in Massachusetts, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Revere is $431,200.
The Median Rent in Revere is $1,626.
The Median Income in Revere is $73,041.
The Home Value To Income in Revere is 5.9x.
The Rent To Monthly Income in Revere is 0.27x.
| Statistic | Revere | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $431,200 | $424,700 | $244,900 |
| Median Rent | $1,626 | $1,429 | $1,163 |
| Median Income | $73,041 | $89,026 | $69,021 |
| Home Value To Income | 5.9x | 4.8x | 3.5x |
| Rent To Monthly Income | 0.27x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Revere, MA Costs By Category
Detailed Revere Services Costs Vs. Massachusetts
| Item | Revere | Massachusetts |
|---|---|---|
| Shampoo | $1.0 | $1.06 |
| Movie | $14.43 | $10.68 |
| Bowling | $21.0 | $14.67 |
| Haircut | $34.97 | $18.62 |
| Beauty Salon | $64.17 | $39.05 |
Detailed Revere Groceries Costs Vs. Massachusetts
| Item | Revere | Massachusetts |
|---|---|---|
| Ground Beef | $3.74 | $4.22 |
| Fried Chicken | $1.64 | $1.39 |
| Milk | $2.27 | $2.05 |
| Potatoes | $4.02 | $3.29 |
| Pizza | $11.16 | $10.62 |
| Beer | $9.29 | $9.38 |
| Toothpaste | $2.3 | $2.34 |
Detailed Revere Health Costs Vs. Massachusetts
| Item | Revere | Massachusetts |
|---|---|---|
| Optometrist | $102.75 | $108.57 |
| Doctor | $194.0 | $116.17 |
| Dentist | $108.27 | $99.13 |
Detailed Revere Transportation Costs Vs. Massachusetts
| Item | Revere | Massachusetts |
|---|---|---|
| Gasoline | $2.19 | $2.22 |
| Tire Balancing | $64.47 | $50.07 |
Detailed Revere Utilities Costs Vs. Massachusetts
| Item | Revere | Massachusetts |
|---|---|---|
| All Electricity | $233.87 | $167.67 |
| Phone | $181.11 | $175.64 |
Revere SnackAbility
/10
Cost Of Living In Cities Around Revere
The cost of living varies in the cities and towns around Revere. Here's a quick look at the cost of living in the most populous nearby places:
Lynn, MA has a cost of living index of 126, 0.9x Revere.
Newton, MA has a cost of living index of 192, 1.4x Revere.
Somerville, MA has a cost of living index of 158, 1.2x Revere.
| City | Population | Cost Of Living | Vs. Revere |
|---|---|---|---|
| Lynn, MA | 100,233 | 126 | 0.9x |
| Newton, MA | 88,647 | 192 | 1.4x |
| Somerville, MA | 80,608 | 158 | 1.2x |
| Malden, MA | 65,602 | 137 | 1.0x |
| Brookline, MA | 62,620 | 191 | 1.4x |
| Everett, MA | 48,368 | 137 | 1.0x |
| Chelsea, MA | 40,025 | 127 | 0.9x |
| Lexington, MA | 34,235 | 190 | 1.4x |
| Needham, MA | 31,808 | 180 | 1.3x |
| Melrose, MA | 29,567 | 145 | 1.1x |
