Savoy is a somewhat small village located in the state of Illinois. With a population of 8,891 people and two associated neighborhoods, Savoy is the 243rd largest community in Illinois.
Also of interest is that Savoy has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 16.30% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Compared to the rest of the country, citizens of Savoy spend much less time in their cars: on average, their commute to work is only 19.17 minutes. This also means that noise and pollution levels in the village are less than they would otherwise be.
If knowledge is power, Savoy is a pretty powerful place. 58.80% of the adults in Savoy have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Savoy in 2022 was $47,009, which is wealthy relative to Illinois and the nation. This equates to an annual income of $188,036 for a family of four. However, Savoy contains both very wealthy and poor people as well.
Savoy is an extremely ethnically-diverse village. The people who call Savoy home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Savoy residents report their race to be White, followed by Asian. Important ancestries of people in Savoy include German, English, Irish, Polish, and Italian.
Foreign born people are also an important part of Savoy's cultural character, accounting for 22.36% of the village’s population.
The most common language spoken in Savoy is English. Other important languages spoken here include Spanish and Chinese.