Paxton, IL Profile: Facts & Data

The primary coordinate point for Paxton is located at latitude 40.4603 and longitude -88.0953 in Ford County. The formal boundaries for the City of Paxton encompass a land area of 2.94 sq. miles and a water area of 0.01 sq. miles. Ford County is in the Central time zone (GMT -6). The elevation is 794 feet.

The City of Paxton (GNIS ID: 2396167) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Paxton, IL Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	4,307 (100%)
Population in Households	4,093 (95.0%)
Population in Families	3,308 (76.8%)
Population in Group Quarters¹	214 ( 5.0%)
Population Density	1,419
Diversity Index²	21


INCOME
Median Household Income	$48,751
Average Household Income	$63,557
% of Income for Mortgage⁴	9%
Per Capita Income	$25,753
Wealth Index⁵	55

HOUSING
Total HU (Housing Units)	1,939 (100%)
Owner Occupied HU	1,167 (60.2%)
Renter Occupied HU	581 (30.0%)
Vacant Housing Units	191 ( 9.9%)
Median Home Value	$99,548
Average Home Value	$125,429
Housing Affordability Index³	231

HOUSEHOLDS
Total Households	1,748
Average Household Size	2.34
Family Households	1,122
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Paxton, IL - Peer Comparisons by Rank and Percentile

The table below compares Paxton to the other 1,369 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	-0.41%	-0.76%
Households	-0.25%	-0.68%
Families	-0.4%	-0.8%
Median Household Income		0.98%
Per Capita Income		2.01%
Owner Occupied HU		-0.57%

Variable Description	Rank	Percentile
Total Population	# 363	74th
Population Density	# 492	64th
Median Household Income	# 1029	25th
Housing Affordability Index	# 646	47th
Per Capita Income	# 979	29th
Diversity Index	# 498	64th

Paxton, IL Profile: Facts & Data

Paxton, Illinois - Basic Facts

Paxton, IL Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Paxton, IL - Peer Comparisons by Rank and Percentile

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