Apartments for rent in Savoy, IL

The small town of Savoy, Illinois is home to approximately 8,000 people. Families with young children are a common sight, as kids under 5 make up an above-average percentage of the population, though retirees are well-represented as well. Overall, the town's population, at an average age of just under 38, skews younger than most cities in Illinois. Most Savoy residents own their homes, and 41% of residents rent. Renting remains an affordable option, though, as the town boasts a relatively low average rent of $951 per month. Over the course of a year, renters in Savoy will save around $1,200 compared to the state average.

Savoy has an average commute time of about 20 minutes, faster than the Illinois average of about 32 minutes. Driving is the most common mode of getting to work, selected by 41% of commuters, while public transit is not extensively used. A small percentage of residents commute to work on foot.

Compared to the national average (7%), Savoy has a large concentration of residents older than 25 who have advanced degrees, as 18% have earned a Master's or a Doctorate. Further, 21% possess a Bachelor's degree, which also outpaces the national average. Many Savoy residents work in one of three industries: education, healthcare, and retail. Together, these industries account for 26% of the labor force in the town. Meanwhile, in terms of job function, many of the town's residents work in management, which ranks as the top career path in the town. Savoy workers earn an average annual income of just over $83K, a little more than the average Illinois resident. Savoy's average income also compares favorably to the national average of $73,345.