Revere cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexRevereMassachusettsNational
Cost of living index137132100
IndexRevereMassachusettsNational
Goods & Services index131117100
Groceries index106108100
Health care index133121100
Housing index160167100
Transportation index113109100
Utilities index158129100
Here we can see a simple outline of the cost of living in Revere, MA. As you can see, with the average cost of living in Revere, MA being 137, that puts it 5% higher than the average of Massachusetts and 37% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Revere, MA, the price of goods and services are 12% higher than the average of Massachusetts as well as 31% higher than the nation's average.

Did you know?

  • The cost of living in Revere is 5% higher than the Massachusetts average.
  • The cost of living in Revere is 37% higher than the national average.
  • The cost of housing in Revere is 60% higher than the national average.
  • Massachusetts general sales tax is 23% higher than the national average.
  • Massachusetts state income tax is 132% higher than the national average.

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Compare Revere, MA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
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Groceries index
Health care index
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Transportation index
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Using the salary calculator lets you compare the salary you earn in Revere, MA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Revere, MA, you have to earn a higher income in order to still have the same standard of living. To operate the Revere, MA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$70,027$5,836$1,634$2,101
Renters$34,616$2,885$808$1,039
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Revere, MA as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Revere, MA homeowners, is $70,027. This would allow for a maximum of $1,634 per month to be spent on housing costs. For renters, the median monthly income is $34,616 which would result in a maximum of $808 to be spent on rental costs.

Massachusetts Sales Tax

StateGeneral Sales TaxWith Max Surtax
Massachusetts6.25%6.25%

Massachusetts Income Tax

StateIncome Tax (Low)Income Tax (High)
Massachusetts5.15%5.15%
One thing to keep in mind when considering the cost of living in Revere, MA is the Massachusetts sales tax and Massachusetts income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Massachusetts sales tax rate is 6.25% and the maximum surtax that can be charged is 6.25%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Massachusetts income tax rates range from 5.15% to 5.15%.

Goods & Services

ItemRevereNational avg.Difference
Haircut $20.93$15.5634.5%
Beauty Salon $50.40$36.1139.6%
Toothpaste $2.46$2.470.6%
Shampoo $0.96$0.960.5%
Movie $13.24$10.1330.7%
Bowling $9.15$4.7493.3%

Groceries

ItemRevereNational avg.Difference
Ground Beef $4.07$3.982.1%
Fried Chicken $1.72$1.4122.2%
Milk $1.94$2.066.2%
Potatoes $3.26$2.989.4%
Pizza $11.10$9.4717.1%
Beer $9.62$8.799.4%

Health Care

ItemRevereNational avg.Difference
Optometrist $107.42$101.046.3%
Doctor $188.00$107.4475.0%
Dentist $121.47$90.4234.3%
Ibuprofen $9.19$9.281.0%
Lipitor $439.90$426.503.1%

Housing

ItemRevereNational avg.Difference
Home Price $305,500.00$175,700.0073.9%
Avg. Mortgage Payment $1,986.40$1,133.2375.3%
Apartment Rent $1,176.00$920.0027.8%

Transportation

ItemRevereNational avg.Difference
Gasoline $2.03$1.992.1%
Tire Balancing $62.45$45.7636.5%

Utilities

ItemRevereNational avg.Difference
All Electricity$287.63$163.8175.6%
Phone $38.66$28.3936.2%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Lynn, MA91,28912929%
Chelsea, MA37,08413232%
Salem, MA42,32113636%
Weymouth Town, MA54,81513838%
Everett, MA42,75813939%
Revere, MA53,25813737%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hendersonville, TN53,2571022%
Colton, CA53,1291077%
Wheaton, IL53,40612121%
Fountainebleau, FL53,4131000%
Novato, CA53,45116868%
Revere, MA53,25813737%
Source: The Revere, MA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.