Living in Cave Creek, Arizona
Cost of living, income, home prices, rent and demographics of Cave Creek · Census data 2020–2024
Cave Creek has 5,091 residents with a median age of 61.2. The median household income is $107,067 (34% higher than the Arizona median), the median home value is $906,100, the median rent is $2,493/month.
Cave Creek at a glance
- Population
- 5,091
- Median age
- 61.2State: 39
- Median household income
- $107,067State: $79,964
- Median home value
- $906,100State: $394,500
- Median rent
- $2,493/moState: $1,543
- Homeowners
- 94.6%
- Bachelor's degree or higher
- 52.4%
- Average commute
- 30 min
Is Cave Creek a good place to live?
Pros: Median household income 34% higher than the Arizona median; unemployment of 2.7%; a poverty rate of 7.2%.
Cons: Home values 130% higher than the state median; an average commute of 30 minutes.
The weather is best in March–April and October–November.
Cost of living in Cave Creek
Housing is the biggest part of the cost of living. In Cave Creek the median home value is $906,100, 172% higher than the U.S. median. Renters pay a median of $2,493 per month, which is 24.6% of household income. Homeowners with a mortgage pay $2,625 a month in housing costs.
Cave Creek median household income
The median household income in Cave Creek is $107,067 and the income per person is $87,334. 7.2% of residents live below the poverty line (Arizona: 12.5%).
Housing in Cave Creek: homes for sale and rent
- Housing units
- 2,859
- Owner-occupied
- 94.6%
- Renter-occupied
- 5.4%
- Vacant
- 14.8%Includes seasonal homes
- Median year built
- 1998
- Average household size
- 2.09
Cave Creek demographics
- Population
- 5,091
- Median age
- 61.2
- Under 18
- 9.3%
- 65 and older
- 41.4%
- Households
- 2,437
- Foreign-born
- 5.5%
- Veterans
- 11.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Cave Creek ›
Education in Cave Creek
52.4% of adults 25 and older in Cave Creek have a bachelor's degree or higher (Arizona: 33.3%), and 22.4% have a graduate or professional degree.
Jobs and commute in Cave Creek
- Unemployment rate
- 2.7%State: 5.1%
- Average commute
- 30 minState: 25 min
- Work from home
- 37.3%
- Drive alone
- 49.8%
- Public transit
- 0%
- Walk to work
- 4.3%
- Homes with broadband
- 95.7%
Cave Creek vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cave Creek | 5,091 | $107,067 | $906,100 | $2,493 |
| Carefree | 3,683 | $147,165 | $1,088,100 | $1,538 |
| New River | 18,240 | $134,289 | $640,600 | $1,948 |
| Anthem | 22,584 | $120,613 | $569,900 | $2,548 |
| Scottsdale | 243,821 | $110,886 | $789,800 | $2,013 |
| Black Canyon City | 2,181 | $47,465 | $288,500 | — |
| Rio Verde | 2,261 | $131,723 | $774,100 | — |
| Phoenix | 1,642,323 | $81,332 | $420,700 | $1,582 |
| Paradise Valley | 12,611 | $247,159 | $2,000,001 | $3,501 |
More for people moving to Cave Creek
Cave Creek ZIP code ›Weather and climate ›Living in Cave Creek: FAQ
What is the median household income in Cave Creek, AZ?
The median household income in Cave Creek is $107,067, 34% higher than the Arizona median of $79,964 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Cave Creek?
The median home value in Cave Creek is $906,100, compared with $394,500 in Arizona.
How much is rent in Cave Creek?
The median gross rent in Cave Creek is $2,493 per month, about 24.6% of household income.
Is Cave Creek, AZ a good place to live?
Pluses: median household income 34% higher than the Arizona median; unemployment of 2.7%; a poverty rate of 7.2%. Minuses: home values 130% higher than the state median; an average commute of 30 minutes.
What is the median age in Cave Creek?
The median age in Cave Creek is 61.2 years (Arizona: 39).
How long is the commute in Cave Creek?
The average commute to work in Cave Creek is 30 minutes; 37.3% of workers work from home.
What is the unemployment rate in Cave Creek?
The unemployment rate in Cave Creek is 2.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cave Creek?
52.4% of adults in Cave Creek have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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