Is Savoy, IL a Good Place to Live?
Savoy is a small town of 8,682 in Illinois, with a median household income of $86,605 and a 1.4% unemployment rate. Its cost of living index is 91 (US average = 100), which is 9% below the national average.
Strengths: Savoy stands out for an affordable cost of living, solid school ratings (A+), a well-educated population, short average commutes.
Trade-offs: No major red flags stand out in the available data. Whether Savoy is right for you depends on your priorities — the full breakdown is below.
All Savoy city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 90.8Savoy's overall cost of living index is 90.8, where 100 represents the US national average. Living in Savoy costs roughly 9% less than the average American city.
| Metric | Savoy, IL | National Avg |
|---|---|---|
| Median Home Value | $260,800 | $244,900 |
| Median Monthly Rent | $995 | $1,163 |
| Homeownership Rate | 57.4% | 65.9% |
| Median Household Income | $86,605 | $74,755 |
Crime & Safety
Safer than AverageSavoy's violent crime rate is 355.8 per 100,000 residents — 6% lower than the national average of ~380 per 100,000.
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Savoy is served primarily by Champaign CUSD 4. The student-to-teacher ratio is 13.9:1 (better than the national average of ~16:1).
| Metric | Savoy, IL | National Avg |
|---|---|---|
| School District | Champaign CUSD 4 | — |
| Elementary Schools | 12 | — |
| Middle Schools | 3 | — |
| High Schools | 3 | — |
| Student/Teacher Ratio | 13.9:1 | 16:1 |
| Bachelor's Degree or Higher | 57.2% | 35.4% |
| High School Diploma or Higher | 96.4% | 91.1% |
Weather & Climate
Savoy sees average highs of 33.5°F in January and 85.2°F in July, with 41.2 inches of annual precipitation and 20.8 inches of snow per year.
| Metric | Savoy, IL |
|---|---|
| Average High — January | 33.5°F |
| Average High — July | 85.2°F |
| Annual Precipitation | 41.2" |
| Annual Snowfall | 20.8" |
Demographics
| Metric | Savoy, IL | National Avg |
|---|---|---|
| Population | 8,682 | — |
| Median Age | 38.2 | 38.9 |
| Unemployment Rate | 1.4% | 3.7% |
| Avg Commute Time | 16.6 min | 26 min |
| White (non-Hispanic) | 74.0% | 59.3% |
| Black or African American | 6.5% | 13.6% |
| Hispanic or Latino | 3.4% | 18.9% |
| Asian | 13.7% | 6.3% |
| Under 18 | 24.5% | 22.2% |
| 65 and over | 19.3% | 16.8% |
Nearby Cities
ZIP Codes in Savoy
Savoy, IL is covered by 1 ZIP code: