60957 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Ford County
Centroid: Latitude 40.458, Longitude -88.094
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 60957 has segments in 3 Counties (Champaign, Ford, Iroquois).

Businesses Addresses: 228
PO Box Addresses: 89
Residential Addresses: 2,224

Multi-Family Addresses: 49
Single Family Addresses: 2,175

The ZIP Code maps and database are updated 4 times per year.
Database updated: July 1, 2020, Maps updated: May 1, 2020.

Paxton, IL 60957 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	5,252 (100%)
Population in Households	4,999 (95.2%)
Population in Families	4,085 (77.8%)
Population in Group Quarters¹	253 ( 4.8%)
Population Density	65
Diversity Index²	19


INCOME
Median Household Income	$50,902
Average Household Income	$65,993
% of Income for Mortgage⁴	9%
Per Capita Income	$26,339
Wealth Index⁵	59

HOUSING
Total HU (Housing Units)	2,316 (100%)
Owner Occupied HU	1,432 (61.8%)
Renter Occupied HU	660 (28.5%)
Vacant Housing Units	224 ( 9.7%)
Median Home Value	$107,308
Average Home Value	$134,445
Housing Affordability Index³	237

HOUSEHOLDS
Total Households	2,092
Average Household Size	2.39
Family Households	1,377
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 60957 - Peer Comparisons by Rank and Percentile

The table below compares 60957 to the other 1,372 ZIP Codes 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	-0.39%	-0.72%
Households	-0.23%	-0.65%
Families	-0.39%	-0.75%
Median Household Income		0.79%
Per Capita Income		1.97%
Owner Occupied HU		-0.54%

Variable Description	Rank	Percentile
Total Population	# 475	65th
Population Density	# 676	51st
Median Household Income	# 1020	26th
Housing Affordability Index	# 680	50th
Per Capita Income	# 1027	25th
Diversity Index	# 554	60th

Paxton, IL 60957 ZIP Code Profile

ZIP Code 60957: Basic Data & USPS Preferred City Name

Paxton, IL 60957 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Paxton, IL 60957 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 60957

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