Revere, Massachusetts Income Statistics
Revere Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
C
Revere Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Revere | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Household Income | $87,346 | $104,336 | $80,455 |
| Median Personal Income | $59,641 | $80,230 | $60,758 |
| Average Yearly Income Growth | 6.7% | 4.9% | 4.8% |
| Six-Figure Earners | 12.0% | 20.6% | 13.9% |
| $200k+ Households | 11.7% | 22.3% | 13.2% |
The median household income in Revere is about 16% lower than in Massachusetts. Income has been growing faster in Revere (6.7%/yr) than in Massachusetts (4.9%/yr).
About 12% of adults in Revere earn six figures ($100,000 or more) a year, lower than the Massachusetts average of 21%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Revere, Massachusetts grew by 74.6% from 2009 to 2024, reaching $87,346 in 2024. That's an average of about 6.7% per year.
Income Inequality and the Gender Pay Gap in Revere
| Metric | Revere | Massachusetts Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.534 | 0.531 | 0.552 |
| Male Median Income | $66,113 | $90,842 | $69,667 |
| Female Median Income | $65,128 | $75,629 | $56,850 |
| Gender Pay Gap | 1.5% | 16.7% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Revere, it is 0.534, about the same as Massachusetts's 0.531, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 2% more than women's income in Revere, Massachusetts. Over a 35-year career, a 2% wage gap accumulates to roughly $34,475 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Revere, Massachusetts has narrowed from about 2% to 1% in 2024. Over that period the gap was widest at 16% in 2020, and was narrowest at 1% in 2010. In dollar terms, the gap has widened by $375 since 2009.
Employment
| Metric | Revere | Massachusetts Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.0% | 5.1% | 5.2% |
| Working from Home | 9.2% | 18.6% | 15.0% |
| Commute time (minutes) | 32 | 25 | 22 |
Approximately 2,393 people are unemployed in Revere, Massachusetts.
The average commute time in Revere is 32 minutes, longer than the 25 minutes in Massachusetts.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Revere, Massachusetts has fallen from 9.2% to 7.0% in 2024. Over that period the rate peaked at 10.5% in 2013 and fell as low as 5.4% in 2019.
Revere, MA Wealth Compared With Nearby Cities
Revere, MA is the 2nd largest of the 5 cities compared here, 60,022 residents against a local median of 44,937. Where Revere, MA breaks from the cities next to it is income growth, sitting 36% above the local median of 4.9%/yr at 6.7%/yr. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 7.0% against a local median of 5.3%, 32% above it. The picture is mixed rather than uniform: income growth runs ahead of the neighbourhood while unemployment runs behind it, so Revere, MA is trading one against the other rather than simply out-performing what surrounds it. The cities themselves spread 3.0%/yr on income growth, so Revere, MA sits at one end of an already wide local range rather than apart from it. Revere, MA has the highest income growth of the 5 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Revere, MA | 60,022 | $87,346 #2/5 | 6.7%/yr #1/5 | 7.0% #4/5 | 0.534 #3/5 |
| Chelsea, MA | 39,880 | $72,289 | 4.9%/yr | 9.2% | 0.553 |
| Saugus, MA | 28,773 | $102,456 | 3.0%/yr | 3.8% | 0.513 |
| Lynn, MA | 101,709 | $75,052 | 5.0%/yr | 5.0% | 0.543 |
| Everett, MA | 49,993 | $85,158 | 6.0%/yr | 5.5% | 0.533 |
Conclusion
Considering all these factors, Revere, Massachusetts has an overall wealth index grade of C, making it somewhat worse than Massachusetts, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Revere, Massachusetts.
How Rich Is Revere, Massachusetts?
Revere has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $87,346, about 16% lower than the Massachusetts average of $104,336.
Are incomes growing in Revere, Massachusetts?
Between 2009 and 2024, the median household income in Revere, Massachusetts rose 75%, from $50,018 to $87,346. Over the same years, income here outpaced Massachusetts as a whole: +75% against +61%.
What was the median household income in Revere in 2023?
In 2023, the median household income in Revere, Massachusetts was $81,459, up 3% from $79,323 in 2022. The Massachusetts median that year was $101,513.
What was the median household income in Revere in 2020?
In 2020, the median household income in Revere, Massachusetts was $67,469. By 2024 it had risen 29% to $87,346.
How strong is the job market in Revere, Massachusetts?
Unemployment in Revere, Massachusetts is 7.0%, well above the Massachusetts rate of 5.1%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Revere, Massachusetts?
The Gini coefficient in Revere is 0.534. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Revere, Massachusetts?
Since 2009, the income gap between men and women in Revere, Massachusetts has narrowed from about 2% to 1% in 2024. Over that period the gap was widest at 16% in 2020, and was narrowest at 1% in 2010. In dollar terms, the gap has widened by $375 since 2009.
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