The Village of Savoy was incorporated in 1956. Savoy maintains a quality of life typically associated with small Midwestern towns, including municipal tax rates far below that of Champaign or Urbana, acreage of prime undeveloped land, a low crime rate, quiet un-congested neighborhoods, and a responsive government.
Savoy is south of Champaign and north of Willard Airport, making Savoy a prime location because it is the south entrance corridor to Champaign.