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The total population of Paxton is estimated to be 4,225 with 2,209 males (52.28%) and 2,016 females (47.72%). There are 193 less females than males in Paxton.
The median household income in Paxton was $62,470 in 2021, which marked an an increase of 3,868(6.60%) from $58,602 in 2020. This income is 83.73% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Paxton sees its highest median household income among householders in the age group of 25 to 44 years old, at $70,238. Overall, the median household income for the city of Paxton stands at $62,470.
In Paxton, the median income for all workers aged 15 years and older, regardless of work hours, was $42,561 for males and $29,326 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $59,356 for males and $47,318 for females.
In Paxton, population is primarily represented by White households, reporting a median income of $62,491.
In 2022, the population of Paxton was 4,348, a 1.87% decrease year-by-year from 2021. Previously, in 2021, Paxton's population was 4,431, a decline of 0.31% compared to a population of 4,445 in 2020.
The median age in Paxton, IL is 39.8, as per 2021 ACS 5-Year Estimates. Of the total population, 19.98% were under the age of 15, 17.40% aged 15 to 29, 43.15% aged 30 to 64, 14.90% aged 65 to 84, and 4.57% were 85 years of age and older.
Racial distribution of Paxton population: 91.33% are White, 0.77% are Black or African American, 0.21% are American Indian and Alaska Native, 1.24% are Asian, 4.29% are some other race and 2.16% are multiracial.