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ZipNumbers

Illinois · Census place 67860

Savoy village, IL

Quick answer

Savoy village has 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.

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

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

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