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The total population of Savoy is estimated to be 961 with 335 males (34.86%) and 626 females (65.14%). There are 291 more females than males in Savoy.
The median household income in Savoy was $55,802 in 2021, which marked an an increase of 2,958(5.60%) from $52,844 in 2020. This income is 74.80% 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 sees its highest median household income among householders in the age group of 25 to 44 years old, at $80,168. Overall, the median household income for the city of Savoy stands at $55,802.
In Savoy, the median income for all workers aged 15 years and older, regardless of work hours, was $35,184 for males and $25,842 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $37,291 for males and $41,789 for females.
In Savoy, population is primarily represented by White households, reporting a median income of $54,991.
In 2022, the population of Savoy was 735, a 0.55% increase year-by-year from 2021. Previously, in 2021, Savoy's population was 731, an increase of 2.09% compared to a population of 716 in 2020.
The median age in Savoy, TX is 41.1, as per 2021 ACS 5-Year Estimates. Of the total population, 12.83% were under the age of 15, 14.00% aged 15 to 29, 53.02% aged 30 to 64, 16.76% aged 65 to 84, and 3.39% were 85 years of age and older.
Racial distribution of Savoy population: 91.41% are White, 1.48% are Black or African American, 0.21% are American Indian and Alaska Native, 0.53% are Asian, 0.21% are some other race and 6.15% are multiracial.