Lake of the Woods vs Savoy

A side-by-side comparison of Lake of the Woods and Savoy: population, income, housing, and more.

Lake of the Woods and Savoy are places in Illinois. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Savoy has the higher population (8,807 vs 1,976 in Lake of the Woods). Savoy has the higher median household income ($88,828 vs $69,054 in Lake of the Woods). Savoy has the higher median home value ($280,700 vs $194,300 in Lake of the Woods).

Population, income & housing

	Lake of the Woods	Savoy
Population	1,976	8,807
Median age	41.1 yrs	38.3 yrs
Median household income	$69,054	$88,828
Median home value	$194,300	$280,700
Median gross rent	$1,201	$954
Housing units	763	3,837
Homeownership rate	82.6%	58.8%
Bachelor's degree or higher	38.0%	58.8%
Unemployment rate	9.9%	1.2%

Trends (ACS 5-year, 2019–2023)

	Lake of the Woods	Savoy
Population	2,404 → 1,976 (-17.8%)	8,534 → 8,807 (+3.2%)
Median household income	$58,034 → $69,054 (+19.0%)	$72,785 → $88,828 (+22.0%)
Median home value	$114,600 → $194,300 (+69.5%)	$233,000 → $280,700 (+20.5%)
Median gross rent	$926 → $1,201 (+29.7%)	$941 → $954 (+1.4%)

Lake of the Woods

Population

2,4041,976

Median household income

$58,034$69,054

Median home value

$114,600$194,300

Median gross rent

$926$1,201

Savoy

Population

8,5348,807

Median household income

$72,785$88,828

Median home value

$233,000$280,700

Median gross rent

$941$954

Age & race/ethnicity

Age distribution (share)

	Lake of the Woods	Savoy
Under 5	4.4%	7.2%
5 to 17	22.3%	18.8%
18 to 24	3.6%	8.0%
25 to 34	12.6%	11.9%
35 to 44	15.7%	15.3%
45 to 54	13.2%	11.1%
55 to 64	8.3%	8.6%
65 to 74	9.7%	10.7%
75 and over	10.4%	8.4%

Race & ethnicity (share)

	Lake of the Woods	Savoy
White (non-Hispanic)	96.0%	64.9%
Black or African American	0.0%	9.1%
American Indian & Alaska Native	0.0%	0.0%
Asian	0.0%	15.0%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.9%	0.0%
Two or more races	1.1%	2.9%
Hispanic or Latino	2.1%	8.0%

Educational attainment (age 25+)

Share of adults 25+

	Lake of the Woods	Savoy
No high school diploma	2.7%	2.1%
High school graduate	35.4%	22.3%
Some college or associate's	23.9%	16.7%
Bachelor's degree	26.0%	25.4%
Graduate or professional degree	12.0%	33.4%

Commute to work

How workers get to work (share)

	Lake of the Woods	Savoy
Drove alone	73.9%	76.3%
Carpooled	24.6%	6.1%
Public transit	0.0%	1.3%
Walked	1.5%	0.0%
Bicycle	0.0%	0.0%
Worked from home	0.0%	16.3%
Other means	0.0%	0.0%

Housing

Units in structure (share)

	Lake of the Woods	Savoy
1-unit, detached	58.3%	45.1%
1-unit, attached	3.9%	11.0%
2 to 4 units	0.0%	8.6%
5 to 19 units	0.0%	19.1%
20 or more units	3.4%	16.2%
Mobile home & other	34.3%	0.0%

Poverty & households

	Lake of the Woods	Savoy
Poverty rate	6.9%	9.0%
Average household size	2.59	2.48
Mean commute (minutes)	19	17
Median year structure built	1993	1995