Living in Savoy, Texas
Cost of living, income, home prices, rent and demographics of Savoy · Census data 2020–2024
Savoy has 1,010 residents with a median age of 39.6. The median household income is $60,875 (22% lower than the Texas median), the median home value is $155,500, the median rent is $1,052/month.
Savoy is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Savoy at a glance
- Population
- 1,010
- Median age
- 39.6State: 35.6
- Median household income
- $60,875State: $78,476
- Median home value
- $155,500State: $283,800
- Median rent
- $1,052/moState: $1,403
- Homeowners
- 67.1%
- Bachelor's degree or higher
- 7.4%
- Average commute
- 26 min
Is Savoy a good place to live?
Pros: Home values 45% lower than the state median; an average commute of 26 minutes.
Cons: Median household income 22% lower than the Texas median; a poverty rate of 24.6%.
The weather is best in April–May and September–October.
Cost of living in Savoy
Housing is the biggest part of the cost of living. In Savoy the median home value is $155,500, 53% lower than the U.S. median. Renters pay a median of $1,052 per month, which is 19.4% of household income. Homeowners with a mortgage pay $1,601 a month in housing costs.
Savoy median household income
The median household income in Savoy is $60,875 and the income per person is $25,069. 24.6% of residents live below the poverty line (Texas: 13.8%).
Housing in Savoy: homes for sale and rent
- Housing units
- 366
- Owner-occupied
- 67.1%
- Renter-occupied
- 32.9%
- Vacant
- 14.5%Includes seasonal homes
- Median year built
- 1968
- Average household size
- 3.14
Savoy demographics
- Population
- 1,010
- Median age
- 39.6
- Under 18
- 31%
- 65 and older
- 13%
- Households
- 313
- Foreign-born
- 1.2%
- Veterans
- 4.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Savoy ›
Education in Savoy
7.4% of adults 25 and older in Savoy have a bachelor's degree or higher (Texas: 33.8%), and 2.9% have a graduate or professional degree.
Jobs and commute in Savoy
- Unemployment rate
- 0%State: 5.3%
- Average commute
- 26 minState: 27 min
- Work from home
- 8.2%
- Drive alone
- 86.2%
- Public transit
- 0%
- Walk to work
- 1%
- Homes with broadband
- 90.4%
Savoy vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Savoy | 1,010 | $60,875 | $155,500 | $1,052 |
| Bells | 2,497 | $92,075 | $232,400 | $981 |
| Ector | 820 | $66,161 | $153,400 | $1,113 |
| Whitewright | 1,659 | $57,692 | $242,000 | $743 |
| Ravenna | 272 | $67,500 | $132,800 | — |
| Tom Bean | 799 | $88,824 | $232,300 | $1,581 |
| Bonham | 10,697 | $57,681 | $201,800 | $1,073 |
| Kemp | 179 | $38,929 | $116,700 | — |
| Trenton | 653 | $53,929 | $164,000 | $1,286 |
More for people moving to Savoy
Savoy ZIP code ›Weather and climate ›Living in Savoy: FAQ
What is the median household income in Savoy, TX?
The median household income in Savoy is $60,875, 22% lower than the Texas median of $78,476 (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 $155,500, compared with $283,800 in Texas.
How much is rent in Savoy?
The median gross rent in Savoy is $1,052 per month, about 19.4% of household income.
Is Savoy, TX a good place to live?
Pluses: home values 45% lower than the state median; an average commute of 26 minutes. Minuses: median household income 22% lower than the Texas median; a poverty rate of 24.6%.
What is the median age in Savoy?
The median age in Savoy is 39.6 years (Texas: 35.6).
How long is the commute in Savoy?
The average commute to work in Savoy is 26 minutes; 8.2% of workers work from home.
What is the unemployment rate in Savoy?
The unemployment rate in Savoy is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Savoy?
7.4% 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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