At a Glance
Median Income
$88,828
$47,009 per capita
Home Value
$280,700
Zillow: $353,161
Median Rent
$954/mo
25.5% of income on rent
Bachelor's Degree+
58.8%
97.9% high school+
Unemployment
1.2%
4.0% poverty rate
Obesity Rate
29.8%
10.6% smoking rate
How Savoy Compares to the U.S. Average
Each bar shows Savoy's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Savoy a Good Place to Live?
A+
4.9 / 5.0 - Excellent
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Savoy residents earn a median household income of $88,828 , which is 18% above the national average of $75,149.
Per capita income is $47,009. The unemployment rate stands at 1.2% (67% below the U.S. rate of 3.6%). 4.0% of residents live below the poverty line. The area is home to 4,160 business establishments, including 590 restaurants.
Housing & Cost of Living
The median home value in Savoy is $280,700 , 0% below the national median of $281,900.
Zillow estimates the typical home at $353,161. Median rent is $954/month, with 25.5% of renters spending more than 30% of income on housing. The cost of living index is 100.0 (100 = national average). The median home was built in 1996.
Education
58.8% of adults in Savoy hold a bachelor's degree or higher
(74% above the national average).
97.9% have completed high school. Local schools score 5.3/10 in standardized testing.
Climate & Weather
Savoy has an average annual temperature of 53°F (11°C).
Winters average 26°F in January while summers reach 75°F in July. Annual precipitation totals 37.0 inches. Air quality is rated Good with a median AQI of 44.
Data Overview
People
Population8,807
Median Age38.3 yrs
Density2,677/mi²
Male / Female42% / 58%
Foreign Born22.4%
Veterans5.8%
Economy
A+
Median Income$88,828
Per Capita$47,009
Unemployment1.2%
Poverty4.0%
County GDP$15,450M
Avg Weekly Wage$1,235
Housing
A+
Home Value$280,700
Rent$954
Ownership58.8%
Zillow$353,161
Housing Units3,790
Rent Burden25.5%
Health
Obesity29.8%
Diabetes9.1%
Smoking10.6%
Heart Disease4.4%
Premature Death7,180/100K
Climate
Avg Temp53°F
Rain37.0 in/yr
AQI44 (Good)
Elevation742 ft
Education
A+
Bachelor's+58.8%
High School+97.9%
Graduate+31.6%
School Score5.3/10
Community
2024 VoteR 37% / D 61%
Commute17 min
Broadband91.7%
Internet Speed108 Mbps
EV Stations2
Libraries11
Did You Know?
Savoy was founded in 1956.
The median home in Savoy was built in 1996.
16.3% work from home.
The nearest airport is Vermilion Regional (36 miles).
The Gini coefficient (income inequality) is 0.498 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Moderate" by FEMA.
13.0% of the population has a disability.
22.4% of residents are foreign-born.
Average internet download speed is 108 Mbps.
There are 590 restaurants in the area.
The county recorded 19 fatal vehicle crashes.