Living in Savoy, Massachusetts
Cost of living, income, home prices, rent and demographics of Savoy · Census data 2020–2024
Savoy has 795 residents with a median age of 49.8. The median household income is $61,328 (41% lower than the Massachusetts median), the median home value is $285,200.
Savoy is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Savoy at a glance
- Population
- 795
- Median age
- 49.8State: 40
- Median household income
- $61,328State: $103,960
- Median home value
- $285,200State: $562,100
- Homeowners
- 96.2%
- Bachelor's degree or higher
- 25.9%
- Average commute
- 33 min
Is Savoy a good place to live?
Pros: Home values 49% lower than the state median.
Cons: Median household income 41% lower than the Massachusetts median; an average commute of 33 minutes; unemployment of 7.2%; a poverty rate of 12.7%.
The weather is best in June to September.
Cost of living in Savoy
Housing is the biggest part of the cost of living. In Savoy the median home value is $285,200, 14% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,443 a month in housing costs.
Savoy median household income
The median household income in Savoy is $61,328 and the income per person is $42,852. 12.7% of residents live below the poverty line (Massachusetts: 10%).
Housing in Savoy: homes for sale and rent
- Housing units
- 429
- Owner-occupied
- 96.2%
- Renter-occupied
- 3.8%
- Vacant
- 13.1%Includes seasonal homes
- Median year built
- 1982
- Average household size
- 2.13
Savoy demographics
- Population
- 795
- Median age
- 49.8
- Under 18
- 14.1%
- 65 and older
- 28.3%
- Households
- 373
- Foreign-born
- 1.3%
- Veterans
- 5.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Savoy ›
Education in Savoy
25.9% of adults 25 and older in Savoy have a bachelor's degree or higher (Massachusetts: 47.3%), and 8.1% have a graduate or professional degree.
Jobs and commute in Savoy
- Unemployment rate
- 7.2%State: 5.2%
- Average commute
- 33 minState: 29 min
- Work from home
- 3%
- Drive alone
- 90.5%
- Public transit
- 0%
- Walk to work
- 2.4%
- Homes with broadband
- 93%
Savoy vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Savoy | 795 | $61,328 | $285,200 | — |
| Windsor | 1,065 | $115,563 | $389,700 | — |
| Adams | 8,074 | $58,929 | $209,900 | $963 |
| Florida | 668 | $86,875 | $246,800 | $867 |
| Hawley | 277 | $87,500 | $309,600 | — |
| Cheshire | 3,216 | $69,803 | $268,200 | — |
| North Adams | 12,606 | $47,500 | $195,900 | $793 |
| Plainfield | 616 | $63,500 | $309,000 | $1,292 |
| Charlemont | 1,118 | $53,063 | $305,500 | $1,023 |
More for people moving to Savoy
Savoy ZIP code ›Weather and climate ›Living in Savoy: FAQ
What is the median household income in Savoy, MA?
The median household income in Savoy is $61,328, 41% lower than the Massachusetts median of $103,960 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Savoy?
The median home value in Savoy is $285,200, compared with $562,100 in Massachusetts.
Is Savoy, MA a good place to live?
Pluses: home values 49% lower than the state median. Minuses: median household income 41% lower than the Massachusetts median; an average commute of 33 minutes; unemployment of 7.2%; a poverty rate of 12.7%.
What is the median age in Savoy?
The median age in Savoy is 49.8 years (Massachusetts: 40).
How long is the commute in Savoy?
The average commute to work in Savoy is 33 minutes; 3% of workers work from home.
What is the unemployment rate in Savoy?
The unemployment rate in Savoy is 7.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Savoy?
25.9% of adults in Savoy have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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