What is the cost of living in Savoy, IL?
According to the most recent data on the cost of living, Savoy has an overall cost of living index of 107, which is 1.1x higher than the national index of 100.
Compared to Illinois, Savoy has a cost of living index that's 1.1x higher than Illinois's index of 98.
The standard of living in Savoy ranks as #203 most affordable out of the 336 places we measured in Illinois. By definition, that implies Savoy ranks as the #133 most expensive place in the Prairie State.
For more reading on life in Savoy, check out:
Savoy Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Savoy. Here is how it fares on each of the criteria:
The Services index in Savoy is 98.
The Groceries index in Savoy is 100.
The Health index in Savoy is 116.
The Housing index in Savoy is 101.
The Transportation index in Savoy is 100.
The Utilities index in Savoy is 99.
| Living Expense | Savoy | Illinois | National Average |
|---|---|---|---|
| Overall | 107 | 98 | 100 |
| Services | 98 | 99 | 100 |
| Groceries | 100 | 99 | 100 |
| Health | 116 | 96 | 100 |
| Housing | 101 | 101 | 100 |
| Transportation | 100 | 99 | 100 |
| Utilities | 99 | 101 | 100 |
Savoy Cost Of Living Compared To Illinois Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Illinois, check out:
Protect your home budget Compare home warranties in Savoy Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Savoy, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Savoy is $345,247.
The Median Rent in Savoy is $1,003.
The Median Income in Savoy is $91,966.
The Home Value To Income in Savoy is 3.8x.
The Rent To Monthly Income in Savoy is 0.13x.
Savoy, IL Costs By Category
Detailed Savoy Services costs vs. Illinois
Detailed Savoy Groceries costs vs. Illinois
Detailed Savoy Health costs vs. Illinois
Detailed Savoy Transportation costs vs. Illinois
Savoy SnackAbility
Cost Of Living In Cities Around Savoy
The cost of living varies in the cities and towns around Savoy. Here's a quick look at the cost of living in the most populous nearby places:
Champaign, IL has a cost of living index of 97, 0.9x Savoy.
Urbana, IL has a cost of living index of 96, 0.9x Savoy.
Rantoul, IL has a cost of living index of 88, 0.8x Savoy.
| City | Population | Cost Of Living | Vs. Savoy |
|---|---|---|---|
| Champaign, IL | 89,996 | 97 | 0.9x |
| Urbana, IL | 39,341 | 96 | 0.9x |
| Rantoul, IL | 12,421 | 88 | 0.8x |
| Mahomet, IL | 10,049 | 107 | 1.0x |
| Monticello, IL | 6,304 | 97 | 0.9x |
