Paxton \pax-ton\ as a boy's name (also used as girl's name Paxton), is of Old English origin, and the meaning of Paxton is "Poecc's settlement". Place name that may also derive from the Latin "pax", meaning "peace", and the Old English "tun", meaning "settlement". Poecc was an Old English name whose meaning has been lost. Actors Paxton Whitehead, Bill Paxton.
A baby name that sounds like Paxton is Baxter.