Savoy, IL
Demographics And Statistics

Demographics | Cost Of Living
Updated: 2023-12-15

Living In Savoy, Illinois Summary

Life in Savoy research summary. HomeSnacks has been using Saturday Night Science to research the quality of life in Savoy over the past nine years using Census, FBI, Zillow, and other primary data sources. Based on the most recently available data, we found the following about life in Savoy:

  • The population in Savoy is 8,682.

  • The median home value in Savoy is $307,692.

  • The median income in Savoy is $86,605.

  • The cost of living in Savoy is 96 which is 1.0x lower than the national average.

  • The median rent in Savoy is $995.

  • The unemployment rate in Savoy is 1.4%.

  • The poverty rate in Savoy is 10.9%.

  • The average high in Savoy is 61.6° and the average low is 41.2°.

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Savoy SnackAbility

7.5
Overall SnackAbility
Jobs
8.5/10
Housing
8
Affordability
8
Diversity
8.5
Safety
N/A
Amenities
8.5
Education
9.5
Commute
9
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Savoy, IL Cost Of Living

Cost of living in Savoy summary. We use data on the cost of living to determine how expensive it is to live in Savoy. Real estate prices drive most of the variance in cost of living around Illinois. Key points include:

  • The cost of living in Savoy is 96 with 100 being average.

  • The cost of living in Savoy is 1.0x lower than the national average.

  • The median home value in Savoy is $307,692.

  • The median income in Savoy is $86,605.

96
Savoy's Overall Cost Of Living
1.0x
Lower Than The National Average

Cost Of Living In Savoy Comparison Table

Living Expense Savoy Illinois National Average
Overall 96 92 100
Services 95 95 100
Groceries 96 98 100
Health 86 96 100
Housing 108 81 100
Transportation 92 105 100
Utilities 92 90 100

Savoy, IL Weather

  • The average high in Savoy is 61.6° and the average low is 41.2°.

  • There are 74.2 days of precipitation each year.

  • Expect an average of 39.8 inches of precipitation each year with 22.4 inches of snow.

StatSavoy
Average Annual High61.6
Average Annual Low41.2
Annual Precipitation Days74.2
Average Annual Precipitation39.8
Average Annual Snowfall22.4
61.6°
Average High
74.2°
Days of Rain

Rankings for Savoy in Illinois

Locations Around Savoy

Map Of Savoy, IL

Best Places Around Savoy

1

Mahomet, IL
Population 9,545

2

Monticello, IL
Population 6,337

3

Champaign, IL
Population 88,628

4

Urbana, IL
Population 38,741

5

Rantoul, IL
Population 12,544

Savoy Demographics And Statistics

Population over time in Savoy

The current population in Savoy is 8,682. The population has increased 35.9% from 2010.

Year Population % Change
2022 8,682 0.3%
2021 8,654 1.2%
2020 8,551 5.3%
2019 8,118 0.6%
2018 8,066 2.9%
2017 7,835 7.5%
2016 7,290 4.3%
2015 6,989 5.4%
2014 6,632 3.8%
2013 6,388 -

Race / Ethnicity in Savoy

White
72.0% (6,249)
African American
6.5% (561)
American Indian
0.0% (0)
Asian
13.6% (1,180)
Hawaiian
0.0% (0)
Other
0.0% (0)
Two Or More
2.1% (180)
Hispanic
5.9% (512)

Savoy is:

  • 72.0% White with 6,249 White residents.

  • 6.5% African American with 561 African American residents.

  • 0.0% American Indian with 0 American Indian residents.

  • 13.6% Asian with 1,180 Asian residents.

  • 0.0% Hawaiian with 0 Hawaiian residents.

  • 0.0% Other with 0 Other residents.

  • 2.1% Two Or More with 180 Two Or More residents.

  • 5.9% Hispanic with 512 Hispanic residents.

Race Savoy IL USA
White 72.0% 59.6% 58.9%
African American 6.5% 13.7% 12.1%
American Indian 0.0% 0.1% 0.6%
Asian 13.6% 5.7% 5.7%
Hawaiian 0.0% 0.0% 0.2%
Other 0.0% 0.3% 0.4%
Two Or More 2.1% 2.8% 3.5%
Hispanic 5.9% 17.8% 18.7%

Gender in Savoy

Female
56.8% (4,935)
Male
43.2% (3,746)
  • Savoy is 56.8% female with 4,935 female residents.

  • Savoy is 43.2% male with 3,746 male residents.

Gender Savoy IL USA
Female 56.8% 50.5% 50.4%
Male 43.2% 49.5% 49.6%

Highest level of educational attainment in Savoy for adults over 25

  • 3.0% of adults in Savoy completed < 9th grade.

  • 1.0% of adults in Savoy completed 9-12th grade.

  • 21.0% of adults in Savoy completed high school / ged.

  • 13.0% of adults in Savoy completed some college.

  • 5.0% of adults in Savoy completed associate's degree.

  • 26.0% of adults in Savoy completed bachelor's degree.

  • 19.0% of adults in Savoy completed master's degree.

  • 5.0% of adults in Savoy completed professional degree.

  • 7.0% of adults in Savoy completed doctorate degree.

< 9th Grade
3.0% (260)
9-12th Grade
1.0% (86)
High School / GED
21.0% (1,823)
Some College
13.0% (1,128)
Associate's Degree
5.0% (434)
Bachelor's Degree
26.0% (2,257)
Master's Degree
19.0% (1,649)
Professional Degree
5.0% (434)
Doctorate Degree
7.0% (607)
Education Savoy IL USA
< 9th Grade 3.0% 6.0% 4.0%
9-12th Grade 1.0% 5.0% 6.0%
High School / GED 21.0% 25.0% 26.0%
Some College 13.0% 20.0% 20.0%
Associate's Degree 5.0% 8.0% 9.0%
Bachelor's Degree 26.0% 22.0% 21.0%
Master's Degree 19.0% 11.0% 10.0%
Professional Degree 5.0% 2.0% 2.0%
Doctorate Degree 7.0% 1.0% 2.0%

Household Income For Savoy, Illinois

  • 3.2% of households in Savoy earn Less than $10,000.

  • 1.2% of households in Savoy earn $10,000 to $14,999.

  • 5.3% of households in Savoy earn $15,000 to $24,999.

  • 6.8% of households in Savoy earn $25,000 to $34,999.

  • 8.3% of households in Savoy earn $35,000 to $49,999.

  • 19.0% of households in Savoy earn $50,000 to $74,999.

  • 11.0% of households in Savoy earn $75,000 to $99,999.

  • 15.4% of households in Savoy earn $100,000 to $149,999.

  • 14.1% of households in Savoy earn $150,000 to $199,999.

  • 15.7% of households in Savoy earn $200,000 or more.

Less than $10,000
3.2% (27,561)
$10,000 to $14,999
1.2% (10,022)
$15,000 to $24,999
5.3% (46,103)
$25,000 to $34,999
6.8% (58,882)
$35,000 to $49,999
8.3% (72,412)
$50,000 to $74,999
19.0% (164,619)
$75,000 to $99,999
11.0% (95,213)
$100,000 to $149,999
15.4% (134,051)
$150,000 to $199,999
14.1% (122,775)
$200,000 or more
15.7% (136,556)
Income Savoy IL USA
Less than $10,000 3.2% 5.3% 4.9%
$10,000 to $14,999 1.2% 3.5% 3.8%
$15,000 to $24,999 5.3% 6.7% 7.0%
$25,000 to $34,999 6.8% 7.1% 7.4%
$35,000 to $49,999 8.3% 10.1% 10.7%
$50,000 to $74,999 19.0% 15.4% 16.1%
$75,000 to $99,999 11.0% 12.9% 12.8%
$100,000 to $149,999 15.4% 17.6% 17.1%
$150,000 to $199,999 14.1% 9.4% 8.8%
$200,000 or more 15.7% 12.1% 11.4%

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