Savoy Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for Savoy, Illinois? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for Savoy, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

The data on this page is from the 2022 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2022, the median household income in Savoy is $86,605.00.

The chart below shows the average household income by age in Savoy.

• Under 25
  $40,392.00
• 25 to 44
  $94,306.00
• 45 to 64
  $160,074.00
• 65 and over
  $80,551.00

Average Household Income

A very commonly asked question is "what is the average household income in Savoy, Illinois?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in Savoy is $116,622.00.

15.73% of households in Savoy, Illinois are classed as high income households (making $200,000+ per year).

Household Income Tiers for Savoy

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for Savoy, Illinois easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

• Less than $24,999
  9.64%
• $25,000 to $49,999
  15.12%
• $50,000 to $74,999
  18.96%
• $75,000 to $99,999
  10.97%
• $100,000 to $149,999
  15.44%
• $150,000 to $199,999
  14.14%
• $200,000 or more
  15.73%

Per Capita Income

The per capita income is the average income of all people in Savoy, Illinois. This is calculated by dividing the total income of all people in Savoy by the total number of people in Savoy.

It differs from the average or mean household income because it includes all people in Savoy and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in Savoy, Illinois is $48,056.00.

Population in Savoy by Race and Ethnicity

The total population in Savoy is currently 8,682 people.

The race and ethnicity of the population in Savoy can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in Savoy, Illinois.

• 1.80% White
  153
• 94.10% Black/African American
  8,170
• 72.00% Native
  6,249
• 3.40% Hispanic
  299
• 6.50% Asian
  561
• 0.00% Hawaiian/Pacific Islander
  0
• 0.00% Two or more races
  0
• 13.60% Other
  1,180

Population of Savoy by Age and Gender

Another very important demographics statistic for Savoy, Illinois is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in Savoy, Illinois.

• Master's degree or higher
  28.96%
• Bachelor's degree
  38.24%
• Some college or associate's degree
  6.31%
• High school diploma or equivalent
  26.32%
• Less than high school diploma
  0.18%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for Savoy because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in Savoy look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in Savoy, Illinois that are over the age of 16.

The current population in Savoy that are over the age of 16 is 6,740 people.

The unemployment rate in Savoy is 1.40%, which means 58 people are unemployed.

Median Age in Savoy

The median age is an interesting metric because it gives us an idea of the age distribution of people in Savoy, Illinois. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in Savoy is 38.2 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in Savoy

38.2

Total

38.6

Male

37.6

Female

Households and Families

There are a total of 3,465 households in Savoy, and the average household size is 2.46 people.

For families, the total number is 1,884, and the average family size is 3.24 people.

3.30% of those families in Savoy, Illinois are living below the poverty line.

The table below shows the poverty thresholds for Savoy in .

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

• Married-couple
• Male householder, no spouse present
• Female householder, no spouse present
• Nonfamily household

In the table below, you can see the total households and families in Savoy, Illinois for each type, as well as the average sizes.

Housing Data in Savoy

There are total of 3,790 housing units in Savoy, Illinois. Of those units, 3,465 (91.42%) are occupied, and 325 (8.58%) are vacant.

Rental Rates

Of the 3,790 housing units in Savoy, 1,472 (38.84%) are occupied by renters. The median rent paid by renters is $995.00.

Owner occupied housing units make up the remaining 52.48% of housing units, with 1,989 housing units in total.

The table below breaks down how much rent is paid by renters in Savoy, Illinois.

• No rent paid
  4
• Less than $500
  29
• $500 to $999
  713
• $1,000 to $1,499
  361
• $1,500 to $1,999
  136
• $2,000 to $2,499
  44
• $2,500 to $2,999
  33
• $3,000 or more
  156

Property Values

The median value of a property in Savoy is $260,800.00.

The table below breaks down the range of valuations for all properties in Savoy.

• Less than $50,000
  10
• $50,000 to $99,999
  32
• $100,000 to $149,999
  186
• $150,000 to $199,999
  370
• $200,000 to $299,999
  756
• $300,000 to $499,999
  596
• $500,000 to $999,999
  39
• $1,000,000 or more
  0

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in Savoy, Illinois.

• 1939 or earlier
  55
• 1940 to 1949
  16
• 1950 to 1959
  92
• 1960 to 1969
  142
• 1970 to 1979
  649
• 1980 to 1989
  441
• 1990 to 1999
  909
• 2000 to 2009
  926
• 2010 to 2013
  560
• 2014 or later
  0

Vehicles Available per Household

Finally, we have data on how many vehicles each household in Savoy has. The table below breaks down the number of vehicles available per household.

• No vehicles available
  266
• 1 vehicle available
  1,365
• 2 vehicles available
  1,336
• 3 or more vehicles available
  498

Commuting to Work in Savoy

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of Savoy, Illinois, how they commute, and how that correlates to other data points.

The average travel time is 16.6 minutes, and the chart below covers the range of travel times across the population of Savoy.

• Less than 5 minutes
  68
• 5 to 9 minutes
  623
• 10 to 14 minutes
  869
• 15 to 19 minutes
  944
• 20 to 24 minutes
  438
• 25 to 29 minutes
  187
• 30 to 34 minutes
  116
• 35 to 39 minutes
  23
• 40 to 44 minutes
  59
• 45 to 59 minutes
  100
• 60 to 89 minutes
  89
• 90 or more minutes
  14

We can also look at the means of transport in Savoy to see which modes of transport people are using to commute to work.

• Drove alone
  3,070
• Carpooled
  221
• Public transportation
  116
• Walked
  111
• Other means
  12
• Worked from home
  617

Conclusion

Hopefully this article has given you the demographics data you were looking for in Savoy, Illinois.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for Savoy.

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