Savoy is a city in Fannin County, Texas, United States. The population was 831 at the 2010 census. The median income of the city is $37.000 per family and it’s mostly notable for its famous residents: Harold Joe Waldrum, an abstract artist and Ted Wright, NFL player. The cost of living in Savoy is about 20 percent lower than in the rest of the country and the unemployment rate is rather low. The average commute is about 20 minutes but the weather is typical for the area meaning it’s hot and humid.