Carefree, AZ
Population 3,672 · Arizona
About Carefree, AZ
Carefree is a small town located in Arizona with a population of 3,672 residents according to the latest US Census Bureau American Community Survey data. The median household income is $141,331 per year, which is 88% above the national median of $75,149. The median age of 64.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Carefree features a median home value of $1,066,600, which is 336% above the national median of $244,900. This places Carefree in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,685, 45% above the national average of $1,163/month. Of the 2,371 total housing units, 91% are owner-occupied (1,684 units) and 9% are renter-occupied (165 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Carefree shows an unemployment rate of 4.3%, which is near the national rate of 3.7%. The poverty rate stands at 11.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Carefree have an average one-way commute time of 32.1 minutes.
Education & Demographics
61.6% of Carefree residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.4% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.7% Asian residents, with 11.6% of the population being foreign-born.
How Carefree Ranks in Arizona
Cost of Living in Carefree, AZ
Compared to national averages, Carefree has a median household income of $141,331 (88% above the national median of $75,149). Home values average $1,066,600, which is 336% above the national median. Monthly rent at $1,685 is 45% above the US average of $1,163. Within Arizona, Carefree's income is 128% above the state average of $62,086, and home values are 350% above the state median of $237,048.
Why Live in Carefree, AZ?
Carefree offers a strong local economy with a median household income of $141,331, well above the national average, and a well-educated community where 61.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 11.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $1,066,600. However, Carefree’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Carefree has a population of 3,672 with a median age of 64.5 years. Compare Carefree with other cities to see how it stacks up, or explore all cities in Arizona.
Similar Cities Near Carefree
Cities in Arizona with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fort Defiance | 3,614 | $56,250 | $37,800 | Compare |
| Ajo | 3,783 | $56,364 | $126,400 | Compare |
| Avenue B and C | 3,831 | $40,554 | $0 | Compare |
| Clifton | 3,845 | $84,457 | $66,000 | Compare |
| Parker | 3,379 | $74,643 | $253,300 | Compare |
| Cornville | 3,356 | $70,925 | $352,200 | Compare |
| Williams | 3,322 | $66,183 | $457,500 | Compare |
| San Manuel | 3,269 | $48,333 | $112,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Arizona
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Carefree With Other Cities
Frequently Asked Questions about Carefree
What is the population of Carefree, AZ?
The population of Carefree, AZ is 3,672 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Arizona.
What is the median household income in Carefree?
The median household income in Carefree, AZ is $141,331 per year, which is 88% above the national median of $75,149.
What is the median home value in Carefree?
The median home value in Carefree, AZ is $1,066,600, which is 336% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Carefree?
The median monthly rent in Carefree, AZ is $1,685, which is 45% above the national average of $1,163/month.
What is the unemployment rate in Carefree?
The unemployment rate in Carefree, AZ is 4.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Carefree, AZ a good place to live?
Carefree offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 3,672 and a median age of 64.5, the city appeals to established professionals and retirees.
How educated is Carefree, AZ?
61.6% of residents in Carefree aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Carefree?
Key cost-of-living indicators for Carefree, AZ: median home value is $1,066,600 (336% above national), median rent is $1,685/month, and median household income is $141,331. The home-value-to-income ratio is 7.5x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Carefree?
The poverty rate in Carefree, AZ is 11.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Carefree, AZ?
Carefree's population is 0.4% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.7% Asian, and 0.7% two or more races. 11.6% of residents are foreign-born.