Median Income
$86,605
household / year
Median Home Value
$260,800
owner-occupied
Median Rent
$995
gross / month
Cost of Living
91
national avg = 100

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: 90.8

Savoy'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 Average

Savoy's violent crime rate is 355.8 per 100,000 residents — 6% lower than the national average of ~380 per 100,000.

Violent Crime
355.8 /100k
Property Crime
1544.2 /100k

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.

MetricSavoy, IL
Average High — January33.5°F
Average High — July85.2°F
Annual Precipitation41.2"
Annual Snowfall20.8"

Demographics

MetricSavoy, ILNational Avg
Population8,682
Median Age38.238.9
Unemployment Rate1.4%3.7%
Avg Commute Time16.6 min26 min
White (non-Hispanic)74.0%59.3%
Black or African American6.5%13.6%
Hispanic or Latino3.4%18.9%
Asian13.7%6.3%
Under 1824.5%22.2%
65 and over19.3%16.8%

Nearby Cities

ZIP Codes in Savoy

Savoy, IL is covered by 1 ZIP code:

Savoy vs Other Cities

Frequently Asked Questions

Savoy's cost of living index is 91, where 100 is the national average. That makes Savoy roughly 9% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $260,800 and median rent is $995/month.
Savoy's violent crime rate is 355.8 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1544.2 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Savoy are operated by Champaign CUSD 4. The district has 12 elementary, 3 middle, and 3 high schools. The student-to-teacher ratio is 13.9:1. 57.2% of adults 25+ hold a bachelor's degree or higher.
Savoy, IL has a population of 8,682, a median household income of $86,605, and an unemployment rate of 1.4%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Savoy averages 33.5°F in January and 85.2°F in July. Annual rainfall is 41.2 inches with about 20.8 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Savoy, IL is covered by 1 ZIP code: 61874.
The population of Savoy, Illinois is 8,682 with a median age of 38.2. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Savoy: cost of living index 91 (100 = US average), median home $260,800, median household income $86,605, crime index 86 (100 = US average, lower is safer), schools rated A+. Whether these are benefits or drawbacks depends on where you're coming from — compare Savoy side by side with your current city to see the trade-offs.