Last updated: 2024 BLS data · Page refreshed:
Savoy has a population of 8,968 with a median age of 38.0. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 8,968 |
| Median Age | 38.0 |
| White | 63.8% |
| Black or African American | 7.1% |
| Asian | 20.4% |
| Hispanic or Latino | 6.9% |
| Other / Two or More Races | 1.8% |
The median household income in Savoy is $91,966, which is 14.1% above the national median of $80,610. The per capita income is $51,293. The poverty rate is 7.9%.
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In Savoy, 98.6% of residents age 25+ have a high school diploma or higher, and 63.3% hold a bachelor's degree or higher (38.0% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 98.6% |
| Bachelor's Degree or Higher | 63.3% |
| Graduate or Professional Degree | 38.0% |
The median home value in Savoy is $320,300, above the national median of $303,400. The median monthly rent is $1,003. The homeownership rate is 59.3%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $320,300 |
| Median Monthly Rent | $1,003 |
| Homeownership Rate | 59.3% |
| Vacancy Rate | 8.2% |
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