Savanna, IL
Population 2,851 · Illinois
About Savanna, IL
Savanna is a small town located in Illinois with a population of 2,851 residents according to the latest US Census Bureau American Community Survey data. The median household income is $46,094 per year, which is 39% below the national median of $75,149. The median age of 50.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Savanna features a median home value of $75,000, which is 69% below the national median of $244,900. This makes Savanna one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $777, 33% below the national average of $1,163/month. Of the 1,703 total housing units, 60% are owner-occupied (896 units) and 40% are renter-occupied (585 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Savanna shows an unemployment rate of 5.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 15.4%, above the national average of 12.4%. Workers in Savanna have an average one-way commute time of 14.4 minutes, one of the shorter commutes in the region.
Education & Demographics
16.3% of Savanna residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 5.8% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 2.3% Asian residents, with 1.9% of the population being foreign-born.
Cost of Living in Savanna, IL
Compared to national averages, Savanna has a median household income of $46,094 (39% below the national median of $75,149). Home values average $75,000, which is 69% below the national median. Monthly rent at $777 is 33% below the US average of $1,163. Within Illinois, Savanna's income is 39% below the state average of $75,072, and home values are 55% below the state median of $165,779.
Why Live in Savanna, IL?
Savanna offers affordable housing with a median home value of $75,000, below the US average of $244,900, and rent that’s lower than the national average at $777/month, and short commute times averaging just 14.4 minutes.
Potential considerations include median household income ($46,094) that falls below the national average. However, Savanna’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Savanna has a population of 2,851 with a median age of 50.7 years. Compare Savanna with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Savanna
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Newton | 2,852 | $58,564 | $98,900 | Compare |
| Arcola | 2,867 | $85,697 | $122,800 | Compare |
| El Paso | 2,871 | $70,063 | $149,200 | Compare |
| Heyworth | 2,818 | $90,556 | $196,200 | Compare |
| Winnebago | 2,896 | $82,813 | $180,300 | Compare |
| Galena | 2,899 | $55,765 | $199,700 | Compare |
| Diamond | 2,900 | $60,000 | $211,500 | Compare |
| Madison | 2,788 | $44,181 | $51,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Savanna With Other Cities
Frequently Asked Questions about Savanna
What is the population of Savanna, IL?
The population of Savanna, IL is 2,851 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Savanna?
The median household income in Savanna, IL is $46,094 per year, which is 39% below the national median of $75,149.
What is the median home value in Savanna?
The median home value in Savanna, IL is $75,000, which is 69% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Savanna?
The median monthly rent in Savanna, IL is $777, which is 33% below the national average of $1,163/month.
What is the unemployment rate in Savanna?
The unemployment rate in Savanna, IL is 5.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Savanna, IL a good place to live?
Savanna offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,851 and a median age of 50.7, the city appeals to established professionals and retirees.
How educated is Savanna, IL?
16.3% of residents in Savanna aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Savanna?
Key cost-of-living indicators for Savanna, IL: median home value is $75,000 (69% below national), median rent is $777/month, and median household income is $46,094. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Savanna?
The poverty rate in Savanna, IL is 15.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Savanna, IL?
Savanna's population is 5.8% White, 0.4% Hispanic or Latino, 0.0% Black or African American, 2.3% Asian, and 0.2% two or more races. 1.9% of residents are foreign-born.