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The total population of Savoy town is estimated to be 620 with 320 males (51.61%) and 300 females (48.39%). There are 20 less females than males in Savoy town.
The median household income in Savoy town was $55,397 in 2021, which marked an an increase of 1,913(3.58%) from $53,484 in 2020. This income is 74.25% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Savoy town sees its highest median household income among householders in the age group of 45 to 64 years old, at $98,633. Overall, the median household income for the town of Savoy town stands at $55,397.
In Savoy town, the median income for all workers aged 15 years and older, regardless of work hours, was $40,234 for males and $31,226 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $61,815 for males and $61,538 for females.
In Savoy town, population is primarily represented by White households, reporting a median income of $55,397.
In 2022, the population of Savoy town was 646, a 0.31% decrease year-by-year from 2021. Previously, in 2021, Savoy town's population was 648, an increase of 0.47% compared to a population of 645 in 2020.
The median age in Savoy, Massachusetts is 50.0, as per 2021 ACS 5-Year Estimates. Of the total population, 19.21% were under the age of 15, 5.93% aged 15 to 29, 46.05% aged 30 to 64, 25.00% aged 65 to 84, and 3.81% were 85 years of age and older.
Racial distribution of Savoy town population: 94.07% are White, 3.67% are Black or African American, 0.71% are American Indian and Alaska Native and 1.55% are multiracial.