Paxton, NE is a small rural town located in southeast Nebraska. It is known for its friendly people and small-town charm. With a population of around 900 people, it is a great place to live. The cost of living in Paxton is very affordable with the average two bedroom rent only costing $800 per month compared to the national average of $1,430. Grocery prices are also relatively cheap here with the cost index being 96 as opposed to 100 in the US. Paxton has many local businesses including Guskie Construction, EK Trucking Inc., and True Value Hardware. There are also several churches and organizations that serve the community. Overall, Paxton is an excellent place to call home and offers an affordable lifestyle for those looking for a peaceful atmosphere away from larger cities.
Paxton has an unemployment rate of 2.2%. The US average is 6.0%.
Paxton has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 17.3%, which is lower than the US average of 33.5%.
Tax Rates for Paxton
- The Sales Tax Rate for Paxton is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Paxton is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Paxton
- The average income of a Paxton resident is $24,634 a year. The US average is $28,555 a year.
- The Median household income of a Paxton resident is $61,250 a year. The US average is $69,021 a year.