Devens, MA is an ideal place to live due to its location and affordability. The rent for a two bedroom apartment is $2,260, which is higher than the US average of $1,430; however, the cost of groceries is lower than the US average due to the Grocery Cost Index being 107 versus 100 in the US. Additionally, Devens is home to a variety of local businesses such as Liberty Mutual Insurance and AbbVie Pharmaceuticals. Other businesses located in Devens include Molnlycke Health Care, HP Hood LLC, and Eminence Technologies. Overall, Devens provides a great balance between affordability and thriving local businesses that make it an ideal place to live.
Devens has an unemployment rate of 6.7%. The US average is 6.0%.
Devens has seen the job market increase by 4.0% over the last year. Future job growth over the next ten years is predicted to be 38.5%, which is higher than the US average of 33.5%.
Tax Rates for Devens
- The Sales Tax Rate for Devens is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Devens 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 Devens
- The average income of a Devens resident is $17,240 a year. The US average is $28,555 a year.
- The Median household income of a Devens resident is $120,777 a year. The US average is $69,021 a year.