Savoy, TX is a small town located in the southeastern part of Texas. It is a great place to live for those looking for a cozy, friendly community. The two bedroom rent price in Savoy is much lower than the average two bedroom rent in the US, at $1,020 compared to $1,430 respectively. Additionally, grocery costs are also more affordable in Savoy with an index rating of 94 versus 100 in the US. There are several local stores and restaurants that make up the community such as Bob's BBQ Shack and The Green Spot Grocery Store. For outdoor activities, visitors can enjoy Old Settlers Park or take a drive out to Lake Arrowhead for boating and fishing.
Savoy has an unemployment rate of 5.1%. The US average is 6.0%.
Savoy has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 39.5%, which is higher than the US average of 33.5%.
Tax Rates for Savoy
- The Sales Tax Rate for Savoy is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Savoy is 0.0%. 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 $18,380 a year. The US average is $28,555 a year.
- The Median household income of a Savoy resident is $51,625 a year. The US average is $69,021 a year.