Cost of Living in Paxton, IL
Population 4,201 · Illinois · Data vintage 2023
(100 = US avg)
Paxton sits on the smaller end of the Illinois city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. An unemployment rate of 1.8% points to a labor market well on the tight side of the national distribution.
Located 75 miles south of Joliet, Paxton is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 53% lower than Joliet's $249,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Paxton
The median home value in Paxton is $116,700 — 62% below the national median of $305,000. Median rent runs $922/month, 30% lower than the national median of $1,314/month. The median household income of $60,470/year is 19% lower than the US median of $74,580. The local unemployment rate is 1.8%, below the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. The climate averages highs of 63.6°F and lows of 41.1°F. Overall, Paxton has a cost of living index of 51 versus the US average of 100, meaning it is 49% less expensive.
Paxton has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 34 | 40 | 51 | 64 | 75 | 85 | 88 | 86 | 81 | 67 | 52 | 40 |
| Low °F | 16 | 20 | 29 | 40 | 51 | 62 | 64 | 62 | 54 | 42 | 31 | 22 |
| Precip" | 2.54 | 2.01 | 2.58 | 3.98 | 4.33 | 4.61 | 4.44 | 3.86 | 3.28 | 3.32 | 3.19 | 2.21 |
Frequently Asked Questions
What is the cost of living in Paxton, IL?
Paxton has a cost index of 51 (100 = national average). It is 49% below the national average.
What is average rent in Paxton, IL?
The median gross rent in Paxton is $922 per month based on 2023 Census data.
What is the average home price in Paxton?
The median home value in Paxton is $116,700 according to Zillow and Census data.
What is the median income in Paxton?
The median household income in Paxton is $60,470 per year (2023 ACS 5-year estimates).
What is the sales tax in Paxton, IL?
The combined state and local sales tax rate in Paxton is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Paxton, IL affordable?
Yes, Paxton is generally considered affordable, with a cost of living index of 51 — about 49% below the US national average of 100.
What is the weather like in Paxton?
Paxton has average high temperatures of 63.6°F and average lows of 41.1°F. Annual precipitation is 40.4". Data from NOAA 1991–2020 Climate Normals.
Paxton at a Glance
- Population
- 4,201
- Median Income
- $60,470
- Home Value
- $116,700
- Median Rent
- $922/mo
- Unemployment
- 1.8%
- Avg High Temp
- 63.6°F
- Sales Tax
- 8.7%
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Explore county-level cost of living data
Illinois Rankings
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