Savoy

Population: 8,807
Median household income: $88,828
Median home value: $280,700

Located in Champaign County, Illinois, Savoy is a community with a population of 8,807. Its median household income of $88,828 runs above the Champaign County figure of $63,091.

From 2019 to 2023, Savoy's population grew 3.2% from 8,534 to 8,807, while its median home value rose 20.5% from $233,000 to $280,700.

The median gross rent is $954. 58.8% of adults 25 and older hold a bachelor's degree or higher.

Demographics

ACS 2019–2023

Population: 8,807
Median age: 38.3 yrs
Median household income: $88,828
Median home value: $280,700
Median gross rent: $954
Housing units: 3,837
Homeownership rate: 58.8%
Bachelor's degree or higher: 58.8%
Unemployment rate: 1.2%

Trends

ACS 5-year · 2019–2023

Population

8,5348,807

Median household income

$72,785$88,828

Median home value

$233,000$280,700

Median gross rent

$941$954

Year	Population	Median household income	Median home value	Median gross rent
2019	8,534	$72,785	$233,000	$941
2020	8,802	$74,189	$227,300	$922
2021	8,793	$78,584	$238,600	$939
2022	8,682	$86,605	$260,800	$995
2023	8,807	$88,828	$280,700	$954

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 57.2%

5 to 1718.8%

18 to 248.0%

25 to 3411.9%

35 to 4415.3%

45 to 5411.1%

55 to 648.6%

65 to 7410.7%

75 and over8.4%

	Count	Share
Under 5	637	7.2%
5 to 17	1,652	18.8%
18 to 24	703	8.0%
25 to 34	1,048	11.9%
35 to 44	1,344	15.3%
45 to 54	980	11.1%
55 to 64	758	8.6%
65 to 74	941	10.7%
75 and over	744	8.4%

Race & ethnicity

	Count	Share
White (non-Hispanic)	5,719	64.9%
Black or African American	803	9.1%
American Indian & Alaska Native	0	0.0%
Asian	1,321	15.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	256	2.9%
Hispanic or Latino (any race)	708	8.0%

Educational attainment (age 25+)

No high school diploma2.1%

High school graduate22.3%

Some college or associate's16.7%

Bachelor's degree25.4%

Graduate or professional degree33.4%

	Count	Share
No high school diploma	125	2.1%
High school graduate	1,298	22.3%
Some college or associate's	973	16.7%
Bachelor's degree	1,475	25.4%
Graduate or professional degree	1,944	33.4%

Commute to work

Mean travel time to work: 17 min

Drove alone76.3%

Carpooled6.1%

Public transit1.3%

Walked0.0%

Bicycle0.0%

Worked from home16.3%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	3,140	76.3%
Carpooled	252	6.1%
Public transit	54	1.3%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	671	16.3%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	1,433	41.6%
15 to 29 min	1,601	46.5%
30 to 44 min	170	4.9%
45 to 59 min	112	3.3%
60+ min	130	3.8%

Households

Average household size: 2.48
Poverty rate: 9.0% (784 of 8,667)

	Count	Share
Family households	1,931	55.2%
Nonfamily households	1,565	44.8%

Housing

Median year structure built: 1995

Occupancy

	Count	Share
Occupied	3,496	91.1%
Vacant	341	8.9%

Tenure (of occupied units)

	Count	Share
Owner-occupied	2,055	58.8%
Renter-occupied	1,441	41.2%

1-unit, detached45.1%

1-unit, attached11.0%

2 to 4 units8.6%

5 to 19 units19.1%

20 or more units16.2%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	1,730	45.1%
1-unit, attached	423	11.0%
2 to 4 units	330	8.6%
5 to 19 units	731	19.1%
20 or more units	623	16.2%
Mobile home & other	0	0.0%

Geography

Place GEOID: 1767860
Type (LSAD): 47
Land area: 3.29 sq mi
Water area: 0.07 sq mi
Center point: 40.0591, -88.2545