Devon, PA is a vibrant community with a bustling downtown area. The two bedroom rent for Devon is fairly high compared to the US average at $1,950 per month. However, this price tag may be worth it when you consider the local amenities available in the area. There are several major employers in Devon such as Merck & Co., PPL Corporation, Vanguard Group, and SAP America. The shopping options in Devon are plentiful and include local stores like Wegmans supermarket and national stores like Walmart and Target. Additionally, residents of Devon enjoy easy access to recreational facilities such as the Liberty Bell Park with its trails, basketball court and playground equipment; or they can venture out to nearby Valley Forge National Historic Park. All in all, living in Devon provides its residents with a good balance of convenience and leisure opportunities.
Devon has an unemployment rate of 4.7%. The US average is 6.0%.
Devon has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 29.2%, which is lower than the US average of 33.5%.
Tax Rates for Devon
- The Sales Tax Rate for Devon is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Devon is 3.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Devon
- The average income of a Devon resident is $63,479 a year. The US average is $28,555 a year.
- The Median household income of a Devon resident is $197,820 a year. The US average is $69,021 a year.