Cost of Living in Revere, MA
Housing
The housing market plays a significant role in determining the cost of living in Revere, MA.
- Housing Index: 120.0 / 100
- Median Home Price is: $451,000
- Average Rent (2 BR Apartment): $2600 per month
- Average Rent (2 BR House): $2700 per month
Considering a move to Revere, MA? With a housing index of 120.0, the market may present challenges for budget-conscious buyers and renters alike. The median home price stands at 451000, which is higher than the national average, while the average rents for a 2-bedroom apartment and house are reasonable, at 2600 and 2700, respectively. It's essential to weigh the benefits of the community and amenities against these costs. Explore local trends and think about long-term investment potential when making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Revere, MA.
- Electricity Price: $28.15 USD (median by state)
- Natural Gas Price: $21.62 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Revere, MA could entail higher utility costs. Electricity costs sit at $28.15, while natural gas is priced at $21.62 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Revere is a financially viable option for your relocation.