Savoy, IL's Data
About Savoy, IL's
Savoy is a village located in Champaign County, Illinois, United States. It is situated in the eastern part of the state, immediately south of Champaign, forming part of the Champaign-Urbana metropolitan area. Established in the early 20th century, Savoy has grown from a small community to a suburban village with a blend of residential and commercial developments. The village's proximity to the University of Illinois at Urbana-Champaign adds to its significance as it serves as a residential area for students, faculty, and staff.
Things To Do in Savoy, IL
Hike: Here are a couple of local trails to check out!
Local Attractions in Savoy, IL
Savoy Recreation Center - Offers recreational programs and facilities for all ages, including a fitness center and sports leagues.
Colonel Wolfe School - A historic school building that showcases early 20th-century education architecture.
Prairie Fields Sports Park - A large outdoor sports complex with facilities for soccer, baseball, and softball.
Sunset Ridge Park - A scenic park with walking trails, playgrounds, and picnic areas.
Savoy Orchard Days - An annual festival that features live music, food vendors, and family-friendly activities.
The Economy of Savoy, IL
The economy of Savoy is closely tied to the broader Champaign-Urbana area, benefiting from the presence of the University of Illinois, which is a major economic driver. Retail, healthcare, and education are significant sectors in Savoy's economy. The village has seen growth in commercial developments along U.S. Route 45, which includes a variety of shops, restaurants, and service-oriented businesses. The residential nature of the village also supports local businesses, providing services to the community and neighboring areas.
Savoy, IL Inflation
Understanding the BLS and Inflation in Savoy, IL
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Savoy, IL. One of its key responsibilities is tracking inflation through the Consumer Price Index (CPI), which measures how the cost of everyday goods and services changes over time. Inflation can impact everything from housing prices to the cost of groceries, gas, and utilities across the area. By tracking inflation, the BLS helps people from Savoy, IL understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Savoy, IL using the CPI, highlighting how prices have changed over time. The x-axis represents time (months and years), while the y-axis represents price levels. If the graph moves upward, it means the cost of living is rising, which can affect everything from rent to gas prices. A flatter or downward trend suggests that inflation is stabilizing or decreasing. Keeping an eye on inflation is important for people from Savoy, IL when budgeting for housing, wages, and daily expenses. You can hover over the graph to see exact values for each month and check the "Most Recently Updated" label to ensure you’re viewing the latest available data.
Company Recall Data in Savoy, IL
No results found. Please try another search.
Brought to you by
