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CITY · 2020 ACS

Savoy

Illinois · 8,857 residents · 3.286 sq mi
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The short version

Savoy is wealthier than most US places, with a median household income of $74,189. The city has grown rapidly, with population up 98% since 2000. 58% of adults hold a bachelor's degree or higher, well above the national rate of 33%. Median home value has risen by half since 2000, reaching $227,300.

At a glance
Wealthier
above the US median
US median: $66,278
Younger
median age 36.2
US median: 38.8
More educated
58% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
8,857
+98%since 2000
from 4,476 in 2000
1990 – 2025
Population density
2,695 / sq mi
+98%since 2000
from 1,362 / sq mi in 2000
US average: 280
Median age
36.2
+8%since 2000
from 33.6 in 2000
US average: 38.8
Population, 1990 – 2024
2K4K6K8K10K1990201020202024Savoy
20249K
1990201020202024
Section 02

Income & economy

Median household income
$74,189
+2%inflation adjusted, since 2000
from $48,500 in 2000
US average: $66,278
1990 – 2024
Per capita income
$39,751
+53%since 2000
from $25,949 in 2000
US average: $35,364
Households earning $100K+
49.3%
+10.7 ptssince 2009
from 38.6% in 2009
US average: 43.9%
Poverty rate
12.8%
+3.7 ptssince 2000
from 9.1% in 2000
US average: 12.8%
Workforce by industry, 2020
Information9.7%
US avg: 11.1%
Other services8.9%
US avg: 6.6%
Public administration7.3%
US avg: 4.7%
Finance & insurance7%
US avg: 5.5%
Professional, scientific, technical6.6%
US avg: 4.7%
Retail trade6%
US avg: 10%
Transportation & warehousing3.1%
US avg: 2.5%
Wholesale trade2.7%
US avg: 6.7%
Arts, entertainment, food2.6%
US avg: 2%
Education & health services0.4%
US avg: 0.8%
Agriculture, forestry, fishing0.4%
US avg: 1.7%
Construction0.4%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$227,300
+7%inflation adjusted, since 2000
from $141,600 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$922
−8%inflation adjusted, since 2000
from $664 in 2000
US average: $1,124
Owner-occupied
52.1%
+6.6 ptssince 2000
from 45.5% in 2000
47.9% rent
Afford Score
3.1
+5%since 2000
from 2.9 in 2000
1990 – 2024
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)
2020
White, non-Hispanic65.2%(5,774)
Black6.8%(603)
Hispanic / Latino4.3%(379)
Asian18.4%(1,627)
Other2.6%(232)
Diversity Score63.5%(5,620)
Diversity Score
63
+64%since 2000
from 39 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
57.7%
−1.1 ptssince 2000
from 58.8% in 2000
US average: 32.9%
High school or higher
96.2%
−0.1 ptssince 2000
from 96.3% in 2000
US average: 88.5%
Graduate degree
30.1%
−0.9 ptssince 2000
from 31.1% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
17.0 min
+59%since 2000
from 10.7 min in 2000
US average: 26.9
Drive alone to work
72.9%
−4.1 ptssince 2009
from 77.1% in 2009
US average: 75.1%
No vehicle available
6.9%
−1.8 ptssince 2009
from 8.7% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
3.5%
−0.2 ptssince 2011
from 3.7% in 2011
US average: 5.4%
Labor force participation
62.8%
−0.4 ptssince 2011
from 63.3% in 2011
US average: 63.4%
Management & professional
54.7%
−24.0 ptssince 2009
from 78.8% in 2009
US average: 39.3%
Section 08

People & community

Male
43.9%
−6.8 ptssince 2009
from 50.7% in 2009
Female
56.1%
+6.8 ptssince 2009
from 49.3% in 2009
Foreign born
16.3%
+3.3 ptssince 2009
from 13.0% in 2009
US average: 13.5%
Uninsured
1.6%
−92.6 ptssince 2013
from 94.2% in 2013
US average: 8.8%
Drill deeper

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Compare Savoy to nearby cities

SAVOY VS
Champaign
Income$56,118−24%
Home value$210,900−7%
Population91,195+901%
SEE FULL COMPARISON →
SAVOY VS
Urbana
Income$45,346−39%
Home value$184,900−19%
Population39,719+336%
SEE FULL COMPARISON →
SAVOY VS
Mahomet
Income$118,586+60%
Home value$299,100+32%
Population10,516+15%
SEE FULL COMPARISON →
SAVOY VS
Rantoul
Income$48,691−34%
Home value$118,200−48%
Population11,991+32%
SEE FULL COMPARISON →
Frequently asked

How many people live in Savoy, Illinois?

Savoy, Illinois has about 8,857 residents according to the 2020 American Community Survey.

What is the median household income in Savoy, Illinois?

The typical household in Savoy, Illinois earns about $74,189 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 $227,300, and the typical rent is about $922 a month.

How educated are people in Savoy, Illinois?

About 57.7% 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 12.8% 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 6,115 residents, a change of about 223 percent over that period.

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

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