Savoy, MA is a small town in Massachusetts that offers a more rural feel compared to other cities in the state. The median rent for a two bedroom residence in the area is $1,290 which is slightly lower than the US median of $1,430. The local grocery cost index is 102 versus 100 on average across the US. Local companies in Savoy include Savoy Associates Insurance Agency, Savoy Post Office, and Savoy Country Store. Additionally, according to recent census data, the median household income in Savoy was $53,872 as of 2019.
Savoy has an unemployment rate of 8.1%. The US average is 6.0%.
Savoy has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Savoy
- The Sales Tax Rate for Savoy is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Savoy is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Savoy
- The average income of a Savoy resident is $28,282 a year. The US average is $28,555 a year.
- The Median household income of a Savoy resident is $51,250 a year. The US average is $69,021 a year.