Revere, MA is a popular town located just north of Boston. It has a rich history that dates back to its founding in 1795. The average cost of two-bedroom rent in Revere is slightly higher than the national average at $2,330 compared to the US two bedroom rent of $1,430. Additionally, the grocery cost index in Revere is 108 versus 100 in the US, making it more expensive to purchase food items than other parts of the country.
The town of Revere is home to a number of companies that have helped shape its economy. These companies include Stop & Shop Supermarkets, Revere Beach Resort Company and Avis Rent-a-Car. All three companies are well established and bring an added level of economic development to the community. With its close proximity to Boston and other major cities in Massachusetts, Revere offers residents a great option for living without paying too much money for rent or groceries.
Revere has an unemployment rate of 8.6%. The US average is 6.0%.
Revere has seen the job market increase by 4.3% over the last year. Future job growth over the next ten years is predicted to be 39.0%, which is higher than the US average of 33.5%.
Tax Rates for Revere
- The Sales Tax Rate for Revere is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Revere is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Revere
- The average income of a Revere resident is $26,269 a year. The US average is $28,555 a year.
- The Median household income of a Revere resident is $73,041 a year. The US average is $69,021 a year.