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EconPulse

Local economy signal dashboard

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PLACEThriving

Savoy, TX

Thriving overall. GDP / Output is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score72out of 100
Compare
100
55
52
71
100

Population

1,010

Data freshness

Unknown

GDP / Output

+8.8% YoY

100

$1.5B

Output changed +8.8% in 2024.

Vintage date unknown

State growth5.0%
U.S. growth5.3%

Jobs

Unemployment rate

55

4.4%

Unemployment is 4.4% for June 2026.

Vintage date unknown

State avg4.4%
U.S. avg4.2%

Population

+0.3% 5-year

52

1,010

Population moved +0.3% over the latest ACS window.

Vintage date unknown

State population30,188,424
U.S. population334,922,499

Housing

Rent share of income

71

20.7%

Median rent consumes 20.7% of median household income: Affordable.

Vintage date unknown

State rent$1.4K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$8.3K per resident

100

$295.8M

$295.8M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$311.4B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$295.8M

$8.3K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$191.8M
2. Department of Veterans Affairs$73.7M
3. Department of Transportation$14.1M

Top recipients

Dollars
1. TEXAS GENERAL LAND OFFICE$17.3M
2. TEXAS DEPARTMENT OF TRANSPORTATION$14.1M
3. REDACTED DUE TO PII$8.1M

Affordable

Housing Affordability

20.7%

of median income

1BR estimate$863
2BR estimate$1,136
Median income$60,875
Median home value$155,500

ACS context

Quick Facts

Population

1,010

Median age

39.6

Bachelor's degree+

7.4%

Poverty rate

24.6%

Labor force participation

65.6%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

June 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+0.1%

GDP CAGR

+8.6%

Federal flow

5 years

Population (5 years)
20201,007
2021943
2022961
2023966
20241,010
GDP (5 years)
2020$1.0B
2021$1.1B
2022$1.3B
2023$1.4B
2024$1.5B

2-year linear forecast

Predictive Outlook

Population forecast

20241,010
2025986 *
2026989 *

R² = 2.4% · * projected

GDP forecast

2024$1.5B
2025$1.7B *
2026$1.8B *

R² = 99.8% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$60,875/yr
Median rent$1,052/mo
Rent share of income20.7%
Est. mortgage (30yr, 6.5%)$9,436/yr
Mortgage share of income15.5%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate4.4%
State avg4.4%
U.S. avg4.2%
Labor force participation65.6%
Poverty rate24.6%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$155,500
Median monthly rent$1,052
Price-to-rent ratio12.3x

Low price-to-rent ratio — buying may be more favorable than renting in this market.

composite score

Investment Climate

Investment climateStrong
Composite score72/100
Economic growth100/100
Labor market55/100
Population momentum52/100
Overall stability72/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Savoy city, Texas

City/Town

Part of

Bonham, TX

Nearby locations

Bells, TXEctor, TXWhitewright, TXTom Bean, TXRavenna, TX