Savoy, IL demographics:
population, income, and more

Total population
8,968
1.8% year-over-year change
Median household income
$91,966/yr
3.5% year-over-year change
Housing units
4,031
5.1% year-over-year change

Savoy population

How many people live in Savoy

Savoy is home to 8,968 residents, according to the most recent Census data. Gender-wise, 44.8% of Savoy locals are male, and 55.2% are female.

Total population
8,968
1.8% year-over-year change
Gender ratio
Male
44.8%
4,019
Female
55.2%
4,949
Value Percent YoY change
Male 4,019 44.8% 9.5%
Female 4,949 55.2% -3.6%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Savoy is 38, with the population distributed as follows: about 21.5% are children under 15, then 11.5% are in the 15 to 24 age group. Adults between 25 and 44 make up 29.1% of the population, while another 18.4% fall into the 45 to 64 bracket. Finally, around 19.4% are 65 or older.

Median age
38
Age breakdown
Under 15
21.5%
15 to 24
11.5%
25 to 44
29.1%
45 to 64
18.4%
Over 65
19.4%
Value Percent YoY change
Under 15 1,930 21.5% -4.2%
15 to 24 1,034 11.5% 5.7%
25 to 44 2,610 29.1% 9.1%
45 to 64 1,654 18.4% -4.8%
Over 65 1,740 19.4% 3.3%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Savoy, 76.2% of the population are US-born citizens, while 8.8% have gained naturalized citizenship. At the same time, 15% of residents are non-citizens. As for race, 63.8% of locals are Caucasian, 7.1% are African American and 20.4% have Asian roots. There’s also a share of 7.9% that includes residents with two or more races.

Citizenship
U.S.-born citizens
76.2%
Non-U.S.-born citizens
8.8%
Non-citizens
15%
Value Percent YoY change
U.S.-born citizens 6,833 76.2% -0.1%
Non-U.S.-born citizens 788 8.8% -0.8%
Non-citizens 1,347 15% 14.6%
Racial breakdown
White
63.8%
Black or African American
7.1%
American Indian and Alaska Native
0.2%
Asian
20.4%
Native Hawaiian and other Pacific Islander
0%
Two or more races
7.9%
Other
0.6%
Value Percent
White 5,720 63.8%
Black or African American 638 7.1%
American Indian and Alaska Native 20 0.2%
Asian 1,830 20.4%
Two or more races 708 7.9%
Other 52 0.6%

Households in Savoy

A peek inside Savoy households

Savoy has 3,699 households, with an average of 2 members in each. Of these, 55.9% are families, while the remaining 44.1% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
3,699
5.8% year-over-year change
Average people per household
2
Non-family households
1,631
Family households
2,068
Value Percent YoY change
Non-family households 1,631 44.1% 4.2%
Family households 2,068 55.9% 7.1%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Savoy

The housing landscape of Savoy

Savoy's housing consists of 4,031 units, with 47.4% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 9.2% and offer a more compact, shared living style.

Housing units
4,031
5.1% year-over-year change
Housing types
Value Percent
1 unit, detached 1,910 47.4%
1 unit, attached 372 9.2%
2 units 147 3.6%
3 or 4 units 182 4.5%
5 to 9 units 562 13.9%
10 to 19 units 277 6.9%
20 to 49 units 186 4.6%
50 or more units 395 9.8%
Homes built since 2020
41
115.8% year-over-year change

The age of buildings in Savoy

In Savoy, the median construction year is 1996. Most development happened in the second half of the 20th century. Then, 19.6% of homes were added from 2000 to 2009, 18.4% between 2010 and 2019, and 1% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 156 3.9% 85.7%
Built between 1950 and 1959 76 1.9% -9.5%
Built between 1960 and 1969 148 3.7% 34.5%
Built between 1970 and 1979 589 14.6% -6.8%
Built between 1980 and 1989 491 12.2% -4.1%
Built between 1990 and 1999 995 24.7% 0.8%
Built between 2000 and 2009 792 19.6% 14.4%
Built between 2010 and 2019 743 18.4% 5.7%
Built in 2020 or later 41 1% 115.8%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Savoy occupancy rates

Out of the 3,699 occupied housing units in Savoy, 59.3% are owner-occupied, while 40.7% are lived in by tenants. Meanwhile, 8.2% of all homes on the local market sit vacant.

Occupied housing units
3,699
5.8% year-over-year change
Occupancy breakdown
Renter occupied
1,506
Owner occupied
2,193
Value Percent YoY
change
Renter occupied 1,506 40.7% 4.5%
Owner occupied 2,193 59.3% 6.7%
Unoccupied housing units
8.2%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Savoy housing costs

Housing costs in Savoy come to a median of $1,267 per month, while tenants specifically pay a median gross rent of $1,003.

Median housing costs per month
$1,267/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Savoy
$1,003/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Savoy

Savoy education at a glance

About 20.7% of the population in Savoy went to high school, while 12.5% pursued college studies. Another 6.3% earned an associate degree and 26.3% hold a bachelor’s. Meanwhile, 33.6% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 42 0.6% -50.6%
High school diploma 1,408 20.7% -10.3%
College diploma 853 12.5% 4.0%
Associate degree 428 6.3% 9.2%
Bachelor's degree 1,791 26.3% 4.9%
Graduate degree 2,284 33.6% 17.5%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Savoy

How much people earn in Savoy

The average annual household income in Savoy was $122,840 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +6.2% change from the previous year. At the same time, the median income stood at $91,966, reflecting a +3.5% shift over the same period.

Average household income in Savoy
$122,840/year
6.2% year-over-year change
Median household income in Savoy
$91,966/year
3.5% year-over-year change

Savoy income by age

In Savoy, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $105,179. Those with someone between 45 and 64 in charge, often well established professionally, earn $193,813 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $58,125, while those led by someone over 65, many of whom may be retired, have about $73,189 in earnings. Overall, 91.9% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $58,125 2.9%
25 - 44 $105,179 1.3%
45 - 64 $193,813 17.7%
Over 65 $73,189 -5.1%
Above poverty level
7,963
Below poverty level
700
Value Percent YoY
change
Above poverty level 7,963 91.9% 2.2%
Below poverty level 700 8.1% -10.7%

Average renter income in Savoy

To get a better sense of what renters earn on average in Savoy, their median household income was $50,772 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 23.7%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$50,772
Rent-to-income ratio
23.7%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Savoy

Workforce and job types in Savoy

The job market in Savoy is powered by 4,396 working residents, spread across a range of industries and roles. 87.7% of the working population are employed in professional or administrative positions, while 12.3% are in hands-on or service-based jobs. Also, 8.6% run their own businesses, 51% are employed by private companies, and 28.9% work in the public sector.

Workforce demographics

Working population
4,396
5.2% year-over-year change
White collar
3,854
Blue collar
542
Value Percent YoY change
White collar 3,854 87.7% 7.0%
Blue collar 542 12.3% -5.6%
Employer type
Self employees
8.6%
Private companies
51%
Governmental workers
28.9%
Not for profit companies
11.5%
Value Percent YoY change
Self employees 376 8.6% 15.3%
Private companies 2,244 51% 0.8%
Governmental workers 1,269 28.9% 10.4%
Not for profit companies 507 11.5% 6.5%
Unemployment rate
1.4%
19.2% year-over-year change

Available workforce

The unemployment rate in Savoy stands at 1.4%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Savoy

How people get around in Savoy

Means of transportation
Value Percent YoY change
Car 3,555 81.5% 4.8%
Bus or trolleybus 11 0.2% -79.6%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Savoy by zipcode?

Zipcode Population Number of households Median income Average income
61874 8,811 3,630 $91,667 $122,515
61822 27,642 11,258 $99,006 $131,654

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FAQs about Savoy demographics 

What is the total population of Savoy?

Savoy has a total population of 8,968 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +1.8% compared to a year ago.

What is the gender ratio in Savoy?

The gender ratio in Savoy is as follows:
  • 44.8% males (4,019 residents)
  • 55.2% females (4,949 residents)

What is the median age in Savoy?

The median age in Savoy is 38.

What is the age distribution of the population in Savoy?

The age distribution in Savoy is as follows:
  • Under 15: 21.5% (1,930 residents)
  • Ages 15-24: 11.5% (1,034 residents)
  • Ages 25-44: 29.1% (2,610 residents)
  • Ages 45-64: 18.4% (1,654 residents)
  • Over 65: 19.4% (1,740 residents)

What is the racial and ethnic makeup of Savoy?

The racial and ethnic makeup of Savoy is as follows:
  • White: 63.8% (5,720 residents)
  • Black or African American: 7.1% (638 residents)
  • American Indian and Alaska Native: 0.2% (20 residents)
  • Asian: 20.4% (1,830 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 7.9% (708 residents)
  • Other: 0.6% (52 residents)

What percentage of the population in Savoy are U.S.-born citizens?

U.S.-born citizens represent 76.2% of the population in Savoy.

How many housing units are there in Savoy?

There are 4,031 housing units in Savoy, reflecting a +5.1% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Savoy and what is the average household size?

Savoy has a total of 3,699 households, with an average of 2 people in each.

What is the median household income in Savoy?

Savoy has a median household income of $91,966, representing a +3.5% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Savoy?

The employment rate is 98.6% in Savoy, with a workforce of 4,396 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 87.7% (3,854 residents)
  • Blue-collar workers: 12.3% (542 residents)

Places of employment:
  • Self-employed: 8.6% (376 residents)
  • Private companies: 51% (2,244 residents)
  • Governmental workers: 28.9% (1,269 residents)
  • Not-for-profit companies: 11.5% (507 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025