It is approximately 26 km (16 mi) southwest of Edmonton, the provincial capital, along the southern bank of the North Saskatchewan River.

The company was determined that the town would be well-planned, and Devon holds the distinction of being the first Canadian community to be approved by a regional planning commission.

[citation needed] The oil industry remains a major player in the town's business sector, though the economy has diversified to include tourism, manufacturing, and research.

2021–present Devon boasts a warm-summer humid continental climate (Köppen: Dfb), slightly cooler than Edmonton.

It is located close to a motor sports park, a bird sanctuary, the University of Alberta Botanic Garden, and a number of other attractions to residents and visitors.