Paxton, IL Profile: Facts & Data

Paxton, Illinois - Basic Facts

The City of Paxton had a population of 4,287 as of July 1, 2024.

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 City of Paxton 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.

The City of Paxton is located within Township of Patton, a minor civil division (MCD) of Ford County.

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Paxton, IL Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	4,287 (100%)
Population in Households	4,115 (96.0%)
Population in Families	3,266 (76.2%)
Population in Group Quarters¹	172 ( 4.0%)
Population Density	1,412
Diversity Index²	30


INCOME
Median Household Income	$55,746
Average Household Income	$79,014
% of Income for Mortgage⁴	14%
Per Capita Income	$32,954
Wealth Index⁵	63
Socioeconomic Status Index⁶	Moderate (55.5)

HOUSING
Total HU (Housing Units)	2,008 (100%)
Owner Occupied HU	1,287 (64.1%)
Renter Occupied HU	497 (24.8%)
Vacant Housing Units	224 (11.2%)
Median Home Value	$126,759
Average Home Value	$142,696
Housing Affordability Index³	151

HOUSEHOLDS
Total Households	1,784
Average Household Size	2.31
Family Households	1,080
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

2,008 (100%)

Owner Occupied HU

1,287 (64.1%)

Renter Occupied HU

497 (24.8%)

Vacant Housing Units

224 (11.2%)

Median Home Value

$126,759

Average Home Value

$142,696

Housing Affordability Index³

151

HOUSEHOLDS

Total Households

1,784

Average Household Size

2.31

Family Households

1,080

Average Family Size

3.00

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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.87%	-0.41%
Households	-0.13%	0.08%
Families		0.09%
Median Household Income		1.23%
Per Capita Income		2.61%
Owner Occupied HU		0.39%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.87%

-0.41%

Households

-0.13%

0.08%

Families

0.09%

Median Household Income

1.23%

Per Capita Income

2.61%

Owner Occupied HU

0.39%

Paxton, IL - Peer Comparisons by Rank and Percentile

The table below compares Paxton to the other 1,462 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2024 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.

Variable Description	Rank	Percentile
Total Population	# 360	75th
Population Density	# 445	70th
Median Household Income	# 1175	20th
Housing Affordability Index	# 909	62nd
Per Capita Income	# 1078	26th
Diversity Index	# 525	64th

Variable Description

Rank

Percentile

Total Population

# 360

75th

Population Density

# 445

70th

Median Household Income

# 1175

20th

Housing Affordability Index

# 909

62nd

Per Capita Income

# 1078

26th

Diversity Index

# 525

64th

Illinois Census Data Comparison Tool

Paxton, IL Profile: Facts & Data

Paxton, Illinois - Basic Facts

Paxton, IL Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Paxton, IL - Peer Comparisons by Rank and Percentile

Paxton, IL - Most Popular Things to Do

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Ford County