Living in Paxton, Illinois
Cost of living, income, home prices, rent and demographics of Paxton · Census data 2020–2024
Paxton has 4,131 residents with a median age of 39.3. The median household income is $62,386 (25% lower than the Illinois median), the median home value is $120,400, the median rent is $784/month.
Paxton at a glance
- Population
- 4,131
- Median age
- 39.3State: 39
- Median household income
- $62,386State: $83,390
- Median home value
- $120,400State: $263,300
- Median rent
- $784/moState: $1,274
- Homeowners
- 72.9%
- Bachelor's degree or higher
- 19.7%
- Average commute
- 26 min
Is Paxton a good place to live?
Pros: Home values 54% lower than the state median; an average commute of 26 minutes; unemployment of 1.6%; a poverty rate of 8.6%.
Cons: Median household income 25% lower than the Illinois median.
The weather is best in May–June and August–September.
Cost of living in Paxton
Housing is the biggest part of the cost of living. In Paxton the median home value is $120,400, 64% lower than the U.S. median. Renters pay a median of $784 per month, which is 25.4% of household income. Homeowners with a mortgage pay $1,149 a month in housing costs.
Paxton median household income
The median household income in Paxton is $62,386 and the income per person is $32,712. 8.6% of residents live below the poverty line (Illinois: 11.8%).
Housing in Paxton: homes for sale and rent
- Housing units
- 1,955
- Owner-occupied
- 72.9%
- Renter-occupied
- 27.1%
- Vacant
- 8.5%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.20
Paxton demographics
- Population
- 4,131
- Median age
- 39.3
- Under 18
- 23.7%
- 65 and older
- 20%
- Households
- 1,789
- Foreign-born
- 0.7%
- Veterans
- 9.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Paxton ›
Education in Paxton
19.7% of adults 25 and older in Paxton have a bachelor's degree or higher (Illinois: 37.8%), and 4.8% have a graduate or professional degree.
Jobs and commute in Paxton
- Unemployment rate
- 1.6%State: 5.8%
- Average commute
- 26 minState: 28 min
- Work from home
- 12.5%
- Drive alone
- 79.1%
- Public transit
- 0%
- Walk to work
- 2.3%
- Homes with broadband
- 86.9%
Paxton vs nearby towns
More for people moving to Paxton
Paxton ZIP code ›Weather and climate ›Living in Paxton: FAQ
What is the median household income in Paxton, IL?
The median household income in Paxton is $62,386, 25% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Paxton?
The median home value in Paxton is $120,400, compared with $263,300 in Illinois.
How much is rent in Paxton?
The median gross rent in Paxton is $784 per month, about 25.4% of household income.
Is Paxton, IL a good place to live?
Pluses: home values 54% lower than the state median; an average commute of 26 minutes; unemployment of 1.6%; a poverty rate of 8.6%. Minuses: median household income 25% lower than the Illinois median.
What is the median age in Paxton?
The median age in Paxton is 39.3 years (Illinois: 39).
How long is the commute in Paxton?
The average commute to work in Paxton is 26 minutes; 12.5% of workers work from home.
What is the unemployment rate in Paxton?
The unemployment rate in Paxton is 1.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Paxton?
19.7% of adults in Paxton have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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