Arizona is unique in that it has a robust economy, significant cultural variety, and stunning desert scenery. Of all the communities in the state, Paradise Valley stands out as the most extravagant and prosperous.
Paradise Valley: The Home of Affluence and Stardom
According to information from the property market and the US Census American Community Survey, Paradise Valley is the wealthiest municipality in Arizona. Located in Maricopa County, it is a wealthy suburb of Phoenix with an average home price of $3,019,574 and a median household income of $212,773. Even with its wealth, Paradise Valley only has 12,658 residents, making it one of the more private places in the state.
Its citizens have a lifestyle that is reminiscent of paradise, hence the name “Paradise Valley” is appropriate. Encircled by the magnificent Mummy Mountain, Camelback Mountain, and Phoenix Mountain Preserve, this community presents some of Arizona’s most breathtaking natural splendor. It also offers a variety of high-end amenities, such as spa resorts, golf courses, and fine dining.
Not only is Paradise Valley a haven for the rich and famous, but it also serves as a haven for the wealthy. John McCain, Bret Michaels, Charles Barkley, Alice Cooper, Muhammad Ali, and other notable people have made this exclusive community their home. Remarkably, when former President Barack Obama and his family visited Arizona in 2009, they stayed in Paradise Valley.
Additional Wealthy Communities in Arizona
Although Paradise Valley is the wealthiest town in Arizona, there are several other affluent areas in the state. The following other prosperous Arizonan towns and cities are listed in order of median household income:
- Fort Valley: $262,033
- Carefree: $162,769
- Tanque Verde: $93,000
- Catalina Foothills: $92,000
- Scottsdale: $91,000
- Queen Creek: $90,000
- Gilbert: $89,000
- Marana: $88,000
- Fountain Hills: $85,200
In summary
Arizona has a wide variety of lifestyle options, including modern and historic, rural and urban, and active and relaxed. Rich and successful people who enjoy the benefits of living in a thriving and picturesque area are drawn to the state.
Although Paradise Valley is without a doubt the wealthiest town in Arizona, there are other options as well. Arizona is home to several towns and communities that offer an excellent level of living and a high quality of life, making it an ideal destination for anybody looking to relocate, explore, or make investments.