Devon

Small town · Alberta · Population 6,545

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Housing and jobs

Housing costs, rents, incomes and jobs in Devon, with comparisons and sources.

Affordability

17 · Poor

Average monthly rent$1,425/month

AB: $1,332/month · Canada: $1,209/month · 2006: $1,195/month · 2016: $1,515/month (in 2021 dollars) · Statistics Canada, 2021

Average rent, bachelor apartmentPurpose-built rentals, CMHC October survey.$1,108/month

Metro area average · CMHC, 2025

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,301/month

Metro area average · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,598/month

Metro area average · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,802/month

Metro area average · CMHC, 2025

Rental vacancy rateShare of purpose-built rental apartments empty and available in October.3.9%

Metro area average · CMHC, 2025

Median dwelling value (owner-estimated)$332,000

AB: $400,000 · Canada: $472,000 · 2016: $369,938 (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing22.3%

AB: 21.2% · Canada: 20.9% · 2006: 17.6% · 2016: 18.2% · Statistics Canada, 2021

Economy

32 · Below average

Median household income$95,000

AB: $96,000 · Canada: $84,000 · 2006: $93,668 · 2016: $108,873 (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)-0.5%

AB: 4.8% · Canada: 5.2% · 2016: 1% · Statistics Canada, 2021

Unemployment rate9.6%

AB: 11.5% · Canada: 10.3% · 2006: 4.7% · 2016: 10.6% · Statistics Canada, 2021