Savoy, TX
Population 966 · Texas
About Savoy, TX
Savoy is a small community located in Texas with a population of 966 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,268 per year, which is 20% below the national median of $75,149. The median age of 39.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Savoy features a median home value of $139,100, which is 43% below the national median of $244,900. This makes Savoy one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,053, 9% below the national average of $1,163/month. Of the 344 total housing units, 69% are owner-occupied (196 units) and 31% are renter-occupied (87 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Savoy shows an unemployment rate of 1.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 21.6%, above the national average of 12.4%. Workers in Savoy have an average one-way commute time of 23 minutes.
Education & Demographics
8.1% of Savoy 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 2.7% White, 2.7% Hispanic or Latino, 0.0% Black or African American, and 14.7% Asian residents, with 0.8% of the population being foreign-born.
Cost of Living in Savoy, TX
Compared to national averages, Savoy has a median household income of $60,268 (20% below the national median of $75,149). Home values average $139,100, which is 43% below the national median. Monthly rent at $1,053 is 9% below the US average of $1,163. Within Texas, Savoy's income is 17% below the state average of $72,726, and home values are 34% below the state median of $211,769.
Why Live in Savoy, TX?
Savoy offers affordable housing with a median home value of $139,100, below the US average of $244,900, and rent that’s lower than the national average at $1,053/month, and a strong job market with an unemployment rate of just 1.0%. Additionally, the city features short commute times averaging just 23 minutes.
Potential considerations include median household income ($60,268) that falls below the national average. However, Savoy’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Savoy has a population of 966 with a median age of 39.7 years. Compare Savoy with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Savoy
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ore City | 965 | $69,167 | $97,400 | Compare |
| Canyon Creek | 963 | $90,774 | $264,400 | Compare |
| Los Indios | 962 | $40,000 | $55,000 | Compare |
| Alto Bonito Heights | 971 | $27,083 | $123,500 | Compare |
| Frost | 971 | $89,750 | $124,800 | Compare |
| Calvert | 959 | $77,669 | $114,100 | Compare |
| Evadale | 974 | $63,929 | $86,400 | Compare |
| Redwater | 957 | $48,942 | $89,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Savoy With Other Cities
Frequently Asked Questions about Savoy
What is the population of Savoy, TX?
The population of Savoy, TX is 966 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Texas.
What is the median household income in Savoy?
The median household income in Savoy, TX is $60,268 per year, which is 20% below the national median of $75,149.
What is the median home value in Savoy?
The median home value in Savoy, TX is $139,100, which is 43% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Savoy?
The median monthly rent in Savoy, TX is $1,053, which is 9% below the national average of $1,163/month.
What is the unemployment rate in Savoy?
The unemployment rate in Savoy, TX is 1.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Savoy, TX a good place to live?
Savoy offers a moderate cost of living, affordable housing, and a strong job market. With a population of 966 and a median age of 39.7, the city appeals to a broad range of residents.
How educated is Savoy, TX?
8.1% of residents in Savoy 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 Savoy?
Key cost-of-living indicators for Savoy, TX: median home value is $139,100 (43% below national), median rent is $1,053/month, and median household income is $60,268. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Savoy?
The poverty rate in Savoy, TX is 21.6%, 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 Savoy, TX?
Savoy's population is 2.7% White, 2.7% Hispanic or Latino, 0.0% Black or African American, 14.7% Asian, and 2.7% two or more races. 0.8% of residents are foreign-born.