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CITY

Savoy

Illinois · 9,113 residents (2025 est.) · 3.286 sq mi
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Part of the Champaign metro area
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Notable rankings
#256Lowest unemploymentof 6,8261.4%
The short version

Savoy is wealthier than most US places, with a median household income of $91,966. The city has more than doubled in size since 2000, adding 4,492 residents. 63% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value has more than doubled since 2000, reaching $320,300. It sits in the top 10% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Mid-age
median age 38.0
US median: 38.9
More educated
63% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
8,968
+100%since 2000
from 4,476 in 2000
1990 – 2025
Population density
2,729 / sq mi
+100%since 2000
from 1,362 / sq mi in 2000
US average: 281
Median age
38.0
+13%since 2000
from 33.6 in 2000
US average: 38.9

PEP 2025 EST:9,113 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
2K4K6K8K10K1990201020202024Savoy
20249K
1990201020202024
Section 02

Income & economy

Median household income
$91,966
+4%inflation adjusted, since 2000
from $48,500 in 2000
US average: $82,259
1990 – 2024
Per capita income
$51,293
+98%since 2000
from $25,949 in 2000
US average: $44,673
Households earning $100K+
58.0%
+19.3 ptssince 2009
from 38.6% in 2009
US average: 53.3%
Poverty rate
7.9%
−1.1 ptssince 2000
from 9.1% in 2000
US average: 12.5%
Income inequality (Gini)
0.432
−2%since 2010
from 0.442 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade8.5%
US avg: 9.9%
Information8.3%
US avg: 10.8%
Other services5.9%
US avg: 6.7%
Public administration5.6%
US avg: 4.8%
Finance & insurance4.3%
US avg: 5.9%
Professional, scientific, technical4.3%
US avg: 5.1%
Transportation & warehousing3%
US avg: 2.2%
Wholesale trade2%
US avg: 6.9%
Agriculture, forestry, fishing1%
US avg: 1.6%
Construction1%
US avg: 1.2%
Arts, entertainment, food0.8%
US avg: 1.9%
Manufacturing0%
US avg: 0.4%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$320,300
+24%inflation adjusted, since 2000
from $141,600 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,003
−17%inflation adjusted, since 2000
from $664 in 2000
US average: $1,442
Owner-occupied
59.3%
+13.8 ptssince 2000
from 45.5% in 2000
40.7% rent
Vacancy rate
8.2%
+5.0 ptssince 2009
from 3.2% in 2009
US average: 10.0%
Owner cost-burdened
11.7%
−7.2 ptssince 2009
from 18.9% in 2009
US average: 22.9%
Renter cost-burdened
35.5%
−18.3 ptssince 2009
from 53.7% in 2009
US average: 47.4%
Afford Score
3.5
+19%since 2000
from 2.9 in 2000
1990 – 2024
Gentrification Score
47
RELATED:See current rent listings in Savoy on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic80.3%(3,592)
Black4.4%(195)
Hispanic / Latino2.1%(95)
Asian10.8%(485)
Other0%
Diversity Score38.6%(1,727)
2024
White, non-Hispanic62.9%(5,644)
Black7.1%(638)
Hispanic / Latino6.9%(621)
Asian20.3%(1,819)
Other2.7%(246)
Diversity Score69%(6,190)
Diversity Score
69
+79%since 2000
from 39 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
63.3%
+4.6 ptssince 2000
from 58.8% in 2000
US average: 35.6%
High school or higher
98.6%
+2.3 ptssince 2000
from 96.3% in 2000
US average: 89.6%
Graduate degree
38.0%
+7.0 ptssince 2000
from 31.1% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
18.1 min
+69%since 2000
from 10.7 min in 2000
US average: 26.5
Drive alone to work
74.9%
−2.1 ptssince 2009
from 77.1% in 2009
US average: 68.9%
Carpooled to work
6.5%
−5.2 ptssince 2009
from 11.7% in 2009
US average: 8.5%
Public transit
0.3%
−3.7 ptssince 2009
from 3.9% in 2009
US average: 3.2%
Worked from home
18.3%
+14.0 ptssince 2009
from 4.2% in 2009
US average: 15.0%
Walked to work
0.0%
−0.8 ptssince 2009
from 0.8% in 2009
US average: 2.4%
Biked to work
0.0%
−2.3 ptssince 2009
from 2.3% in 2009
US average: 0.4%
No vehicle available
6.6%
−2.0 ptssince 2009
from 8.7% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
1.4%
−2.3 ptssince 2011
from 3.7% in 2011
US average: 5.2%
Labor force participation
64.3%
+1.0 ptssince 2011
from 63.3% in 2011
US average: 63.5%
Self-employed
22.1%
+2.4 ptssince 2009
from 19.7% in 2009
US average: 13.1%
Management & professional
65.4%
−13.3 ptssince 2009
from 78.8% in 2009
US average: 42.5%
Section 08

People & community

Male
44.8%
−5.9 ptssince 2009
from 50.7% in 2009
Female
55.2%
+5.9 ptssince 2009
from 49.3% in 2009
Foreign born
23.8%
+10.8 ptssince 2009
from 13.0% in 2009
US average: 14.1%
Veterans
6.0%
−40.4 ptssince 2009
from 46.4% in 2009
US average: 6.2%
With a disability
12.1%
+3.9 ptssince 2012
from 8.2% in 2012
US average: 13.3%
Uninsured
4.8%
−89.4 ptssince 2013
from 94.2% in 2013
US average: 8.4%
Broadband at home
91.5%
+10.1 ptssince 2017
from 81.4% in 2017
US average: 91.0%
English only at home
74.3%
−2.4 ptssince 2016
from 76.8% in 2016
US average: 77.7%
Spanish at home
3.1%
−1.8 ptssince 2016
from 4.9% in 2016
US average: 13.6%
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Compare Savoy to nearby cities

SAVOY VS
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Income$56,118−39%
Home value$210,900−34%
Population91,195+901%
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SAVOY VS
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Home value$184,900−42%
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SAVOY VS
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SAVOY VS
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Home value$118,200−63%
Population11,991+32%
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Frequently asked

How many people live in Savoy, Illinois?

Savoy, Illinois has about 8,968 residents according to the 2024 American Community Survey.

What is the median household income in Savoy, Illinois?

The typical household in Savoy, Illinois earns about $91,966 a year. Half of households make more than that, and half make less.

Is Savoy, Illinois expensive?

In Savoy, Illinois, the median home is worth about $320,300, and the typical rent is about $1,003 a month.

How educated are people in Savoy, Illinois?

About 63.3% of adults age 25 and over in Savoy, Illinois hold a bachelor's degree or higher.

What is the poverty rate in Savoy, Illinois?

About 7.9% of people in Savoy, Illinois live below the federal poverty line.

Has Savoy, Illinois grown since 1990?

Yes, Savoy, Illinois has grown since 1990. The population has added about 6,226 residents, a change of about 227 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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