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: $451000
• 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 115.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $78968

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Revere, MA, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.