Quick facts: Paxton, NE

Quick Facts

94.7
Cost of Living
below US average
514
Population
42.8
Crime Rate per 1000
above US average
$60,938
Median Income
below US average
$380,000
Median House Price
above US average
$1313
Average Rent
below US average
11%
Poverty Rate
above US average
2.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $60,938.

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Income Needed to Buy

βœ— Stretch
$119k/year
Based on $380,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $119k vs median $60,938
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Income Needed to Rent

βœ“ Affordable
$56k/year
Based on $1313/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($60,938) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Paxton, NE

Paxton is a small village located in Lincoln County, Nebraska, with a rich history and a tight-knit community vibe. Nestled along the North Platte River, this charming town serves as a gateway to the scenic landscapes of western Nebraska. Founded in the late 19th century, Paxton was initially a hub for the railroad, which played a pivotal role in its development. The village is known for its tranquil environment, offering outdoor enthusiasts a variety of recreational activities, including fishing, hiking, and camping in nearby parks and natural reserves. One notable attraction is the Paxton City Park, which features picnic areas and playgrounds, perfect for families and visitors. While the population is modest, Paxton prides itself on its friendly atmosphere and sense of community. Local events and festivals often bring residents together and showcase the town's culture. With its picturesque surroundings and quiet charm, Paxton is an ideal spot for those seeking a peaceful retreat or a glimpse into small-town life in Nebraska.

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