60957 Paxton, IL is a small city located in Champaign County. With an estimated population of 2,936 as of 2019, the town offers affordable living with an average 2 bedroom rent of $950. This amount is much lower than the US average of $1,430 per month. The cost of groceries is also comparatively low in 60957 Paxton, IL with a grocery cost index of 92 compared to 100 in the United States. The city has many local businesses including Ace Hardware, Pepsi Beverage Co., KFC, Midland States Bank and Baumgarter's Clothing Store. There are also several community organizations that work to improve quality of life such as the Paxton-Buckley-Loda Education Foundation and the Ford County 4H Club.
Paxton (zip 60957) has an unemployment rate of 4.8%. The US average is 6.0%.
Paxton (zip 60957) has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 26.9%, which is lower than the US average of 33.5%.
Tax Rates for Paxton (zip 60957)
- The Sales Tax Rate for Paxton (zip 60957) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Paxton (zip 60957) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Paxton (zip 60957)
- The average income of a Paxton (zip 60957) resident is $31,591 a year. The US average is $37,638 a year.
- The Median household income of a Paxton (zip 60957) resident is $59,933 a year. The US average is $69,021 a year.