What is the population of Savoy village?

Savoy village has 8,807 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #246 of 1,462 in Illinois.

What is the median household income in Savoy village?

Median household income in Savoy village is $88,828 a year, 13.1% above the national figure of $78,538.

How much does it cost to rent or buy in Savoy village?

Median gross rent is $954 a month and the median home value is $280,700, so rent absorbs about 12.9% of median household income.

Is Savoy village affordable compared with the rest of the US?

Homes cost about 3.2× the local median income here versus roughly 3.9× nationally, so Savoy village is more affordable to buy in than the typical US market, and rent takes 12.9% of median income against the 30% cost-burden line.

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Illinois · Census place 67860

Savoy, IL population, income and ZIP codes

Quick answer

The population of the city of Savoy, Illinois (Savoy, IL — Census place “Savoy village”) is 8,807 residents, ranking #246 of 1462 places in Illinois. Median household income is $88,828, the median home is worth $280,700 and median gross rent runs $954 a month. Looking for the Savoy Illinois ZIP code list? 1 ZIP codes serve Savoy, IL: 61874.

Population: 8,807Savoy village residents
Median household income: $88,828Past 12 months, inflation adjusted
Median home value: $280,700Owner-occupied units
Median gross rent: $954Rent plus utilities, monthly
Median age: 38.3 yrsAll residents
Homeownership rate: 58.8%Owner-occupied households

Savoy ZIP codes (Illinois)

Census ZCTAs whose delivery area overlaps Savoy.

The Savoy IL ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

61874

What the numbers mean in Savoy village

Housing cost measured against local earnings.

A household earning the Savoy village median would spend about 12.9% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 9% of residents and 58.8% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

Savoy village, IL in context

How this area compares with national benchmarks.

Savoy village is a mid-size town in Illinois, with 8,807 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #246 of 1,462 ranked by population — larger than 83% of them. The median age here is 38.3 years against 39.1 nationally, a slightly younger profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in Savoy village earn a median of $88,828 a year, 13.1% above the national figure of $78,538 and 20% above the $74,244 median for the 698 Illinois cities we cover. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 9% of residents here, below the 12.4% national rate.

The typical owner-occupied home in Savoy village is valued at $280,700, 7.5% below the national figure and 57% above the $179,100 peer median, while median gross rent runs $954 a month, 32.1% below the national figure, or roughly $11,448 across a full year. A household on the local median income would put about 12.9% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 3.2×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 58.8% of occupied homes are owner-occupied versus 65% nationally, so the market leans more heavily on renters. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

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Frequently asked questions

Common questions about this area.

What is the population of Savoy village?: Savoy village has 8,807 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #246 of 1,462 in Illinois.
What is the median household income in Savoy village?: Median household income in Savoy village is $88,828 a year, 13.1% above the national figure of $78,538.
How much does it cost to rent or buy in Savoy village?: Median gross rent is $954 a month and the median home value is $280,700, so rent absorbs about 12.9% of median household income.
Is Savoy village affordable compared with the rest of the US?: Homes cost about 3.2× the local median income here versus roughly 3.9× nationally, so Savoy village is more affordable to buy in than the typical US market, and rent takes 12.9% of median income against the 30% cost-burden line.
How current is this Savoy village data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.