|• Total||1.03 sq mi (2.67 km2)|
|• Land||1.03 sq mi (2.67 km2)|
|• Water||0 sq mi (0 km2)|
|Elevation||3,064 ft (934 m)|
|• Estimate (2012)||512|
|• Density||507.8/sq mi (196.1/km2)|
|Time zone||Mountain (MST) (UTC-7)|
|• Summer (DST)||MDT (UTC-6)|
|GNIS feature ID||0832009|
As of the census of 2010, there were 523 people, 226 households, and 146 families residing in the village. The population density was 507.8 inhabitants per square mile (196.1 /km2). There were 248 housing units at an average density of 240.8 per square mile (93.0 /km2). The racial makeup of the village was 98.3% White, 1.0% Asian, 0.4% from other races, and 0.4% from two or more races. Hispanic or Latino of any race were 1.9% of the population.
There were 226 households of which 28.3% had children under the age of 18 living with them, 53.1% were married couples living together, 8.8% had a female householder with no husband present, 2.7% had a male householder with no wife present, and 35.4% were non-families. 31.4% of all households were made up of individuals and 11.1% had someone living alone who was 65 years of age or older. The average household size was 2.31 and the average family size was 2.97.
The median age in the village was 41.9 years. 25.8% of residents were under the age of 18; 5.9% were between the ages of 18 and 24; 23.5% were from 25 to 44; 32% were from 45 to 64; and 12.8% were 65 years of age or older. The gender makeup of the village was 52.2% male and 47.8% female.
As of the census of 2000, there were 614 people, 237 households, and 169 families residing in the village. The population density was 1,118.4 people per square mile (431.0/km²). There were 248 housing units at an average density of 451.7 per square mile (174.1/km²). The racial makeup of the village was 97.72% White, 0.49% African American, 0.49% Native American, 0.16% Asian, 0.33% from other races, and 0.81% from two or more races. Hispanic or Latino of any race were 1.63% of the population.
There were 237 households out of which 38.8% had children under the age of 18 living with them, 62.0% were married couples living together, 6.8% had a female householder with no husband present, and 28.3% were non-families. 24.9% of all households were made up of individuals and 13.1% had someone living alone who was 65 years of age or older. The average household size was 2.59 and the average family size was 3.11.
In the village the population was spread out with 29.5% under the age of 18, 5.0% from 18 to 24, 27.9% from 25 to 44, 22.3% from 45 to 64, and 15.3% who were 65 years of age or older. The median age was 38 years. For every 100 females there were 97.4 males. For every 100 females age 18 and over, there were 92.4 males.
As of 2000 the median income for a household in the village was $28,523, and the median income for a family was $34,063. Males had a median income of $25,833 versus $17,500 for females. The per capita income for the village was $12,988. About 9.2% of families and 9.5% of the population were below the poverty line, including 10.6% of those under age 18 and 9.3% of those age 65 or over.
The town of Paxton was founded by Pax Loche, an immigrant Scotsman who arrived in the area to farm a homestead. Paxton was first known as Alkali Flats. It was later changed to Paxton for William A. Paxton.
The Paxton area was settled in the later part of the 19th century by homesteaders of predominantly northern European extraction. Each homestead would consist of 1/4 section of land on which would be a home, barn and other needed buildings. Water was either taken from the North Platte River or the aquifer, which allowed the production of corn, winter wheat and other assorted vegetable crops in addition to raising livestock for consumption and sale. Each homestead would consist of a married couple and their children, giving a population density of about 40 to 60 people per square mile.
With the beginning of mechanized farming the large farm families left for the cities as one person could farm several sections by themselves or with minimal help. Most of the original farm homes were demolished to make room for more arable land and to lower tax rates once the land was "unimproved". With the drying out of the Ogallala Aquifer much of the land is being returned to prairie and dry cattle ranching, further reducing the population in the surrounding area.
- Josh Rouse, singer-songwriter
- "US Gazetteer files 2010". United States Census Bureau. Retrieved 2012-06-24.
- "American FactFinder". United States Census Bureau. Retrieved 2012-06-24.
- "Population Estimates". United States Census Bureau. Retrieved 2013-05-29.
- "American FactFinder". United States Census Bureau. Retrieved 2008-01-31.
- "US Board on Geographic Names". United States Geological Survey. 2007-10-25. Retrieved 2008-01-31.
- "US Gazetteer files: 2010, 2000, and 1990". United States Census Bureau. 2011-02-12. Retrieved 2011-04-23.