Living in Paradise Valley, Arizona
Cost of living, income, home prices, rent and demographics of Paradise Valley · Census data 2020–2024
Paradise Valley has 12,611 residents with a median age of 55.8. The median household income is $247,159 (209% higher than the Arizona median), the median home value is $2,000,001, the median rent is $3,501/month.
Paradise Valley at a glance
- Population
- 12,611
- Median age
- 55.8State: 39
- Median household income
- $247,159State: $79,964
- Median home value
- $2,000,001State: $394,500
- Median rent
- $3,501/moState: $1,543
- Homeowners
- 95%
- Bachelor's degree or higher
- 74.3%
- Average commute
- 21 min
Is Paradise Valley a good place to live?
Pros: Median household income 209% higher than the Arizona median; an average commute of 21 minutes; unemployment of 2.1%; a poverty rate of 5.5%.
Cons: Home values 407% higher than the state median.
The weather is best in February to April and November.
Cost of living in Paradise Valley
Housing is the biggest part of the cost of living. In Paradise Valley the median home value is $2,000,001, 501% higher than the U.S. median. Renters pay a median of $3,501 per month, which is 14.7% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Paradise Valley median household income
The median household income in Paradise Valley is $247,159 and the income per person is $164,581. 5.5% of residents live below the poverty line (Arizona: 12.5%).
Housing in Paradise Valley: homes for sale and rent
- Housing units
- 5,985
- Owner-occupied
- 95%
- Renter-occupied
- 5%
- Vacant
- 14%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 2.44
Paradise Valley demographics
- Population
- 12,611
- Median age
- 55.8
- Under 18
- 18.2%
- 65 and older
- 32.7%
- Households
- 5,149
- Foreign-born
- 15.2%
- Veterans
- 5.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Paradise Valley ›
Education in Paradise Valley
74.3% of adults 25 and older in Paradise Valley have a bachelor's degree or higher (Arizona: 33.3%), and 36.9% have a graduate or professional degree.
Jobs and commute in Paradise Valley
- Unemployment rate
- 2.1%State: 5.1%
- Average commute
- 21 minState: 25 min
- Work from home
- 25.5%
- Drive alone
- 65.5%
- Public transit
- 0%
- Walk to work
- 0.4%
- Homes with broadband
- 96.8%
Paradise Valley vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Paradise Valley | 12,611 | $247,159 | $2,000,001 | $3,501 |
| Phoenix | 1,642,323 | $81,332 | $420,700 | $1,582 |
| Scottsdale | 243,821 | $110,886 | $789,800 | $2,013 |
| Tempe | 188,065 | $79,663 | $455,400 | $1,743 |
| Guadalupe | 5,272 | $51,354 | $271,300 | $872 |
| Glendale | 252,833 | $73,530 | $387,500 | $1,528 |
| Fountain Hills | 23,789 | $112,654 | $622,900 | $1,890 |
| Mesa | 511,764 | $82,752 | $408,000 | $1,620 |
| Tolleson | 7,668 | $59,626 | $306,400 | $1,309 |
More for people moving to Paradise Valley
Paradise Valley ZIP code ›Weather and climate ›Living in Paradise Valley: FAQ
What is the median household income in Paradise Valley, AZ?
The median household income in Paradise Valley is $247,159, 209% 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 Paradise Valley?
The median home value in Paradise Valley is $2,000,001, compared with $394,500 in Arizona.
How much is rent in Paradise Valley?
The median gross rent in Paradise Valley is $3,501 per month, about 14.7% of household income.
Is Paradise Valley, AZ a good place to live?
Pluses: median household income 209% higher than the Arizona median; an average commute of 21 minutes; unemployment of 2.1%; a poverty rate of 5.5%. Minuses: home values 407% higher than the state median.
What is the median age in Paradise Valley?
The median age in Paradise Valley is 55.8 years (Arizona: 39).
How long is the commute in Paradise Valley?
The average commute to work in Paradise Valley is 21 minutes; 25.5% of workers work from home.
What is the unemployment rate in Paradise Valley?
The unemployment rate in Paradise Valley is 2.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Paradise Valley?
74.3% of adults in Paradise Valley 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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