01434 Devens, MA is a small town located in the Middlesex County of Massachusetts. The town has a total population of 2,751 according to the 2020 US census. The average rent for a two-bedroom apartment in this area is significantly higher than the US average at $2,250/month. Furthermore, the grocery cost index (GCI) in Devens is 107 versus 100 in the US.
Some notable local companies based in Devens include General Electric (GE) and Enterprise Bank. GE employs about 800 people in its industrial solutions headquarters which are located on Jackson Road while Enterprise Bank has about 800 employees who work at its corporate centre and branches throughout the region. Both companies have been significant contributors to Devens’ economy since their arrival to this rural community over a decade ago.
Devens (zip 01434) has an unemployment rate of 5.2%. The US average is 6.0%.
Devens (zip 01434) has seen the job market decrease by -8.9% over the last year. Future job growth over the next ten years is predicted to be 41.3%, which is higher than the US average of 33.5%.
Tax Rates for Devens (zip 01434)
- The Sales Tax Rate for Devens (zip 01434) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Devens (zip 01434) 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 (zip 01434)
- The average income of a Devens (zip 01434) resident is $32,985 a year. The US average is $37,638 a year.
- The Median household income of a Devens (zip 01434) resident is $140,391 a year. The US average is $69,021 a year.