Cave Creek, AZ
Population 5,033 · Arizona
About Cave Creek, AZ
Cave Creek is a small town located in Arizona with a population of 5,033 residents according to the latest US Census Bureau American Community Survey data. The median household income is $102,589 per year, which is 37% above the national median of $75,149. The median age of 60.3 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 Cave Creek features a median home value of $791,900, which is 223% above the national median of $244,900. This places Cave Creek in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,096, 80% above the national average of $1,163/month. Of the 2,713 total housing units, 95% are owner-occupied (2,196 units) and 5% are renter-occupied (125 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cave Creek shows an unemployment rate of 3.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cave Creek have an average one-way commute time of 32.5 minutes.
Education & Demographics
50.0% of Cave Creek 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 0.7% White, 2.4% Hispanic or Latino, 0.0% Black or African American, and 1.6% Asian residents, with 6.4% of the population being foreign-born.
How Cave Creek Ranks in Arizona
Cost of Living in Cave Creek, AZ
Compared to national averages, Cave Creek has a median household income of $102,589 (37% above the national median of $75,149). Home values average $791,900, which is 223% above the national median. Monthly rent at $2,096 is 80% above the US average of $1,163. Within Arizona, Cave Creek's income is 65% above the state average of $62,086, and home values are 234% above the state median of $237,048.
Why Live in Cave Creek, AZ?
Cave Creek offers a strong local economy with a median household income of $102,589, well above the national average, and a strong job market with an unemployment rate of just 3.5%, and a well-educated community where 50.0% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 8.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $791,900. However, Cave Creek’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cave Creek has a population of 5,033 with a median age of 60.3 years. Compare Cave Creek with other cities to see how it stacks up, or explore all cities in Arizona.
Similar Cities Near Cave Creek
Cities in Arizona with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Three Points | 5,033 | $53,083 | $147,900 | Compare |
| Bisbee | 4,963 | $46,689 | $209,600 | Compare |
| Citrus Park | 5,136 | $136,653 | $659,700 | Compare |
| Paulden | 4,874 | $88,945 | $344,200 | Compare |
| Holbrook | 4,834 | $61,979 | $138,600 | Compare |
| Guadalupe | 5,293 | $58,507 | $233,500 | Compare |
| San Carlos | 4,769 | $50,814 | $67,700 | Compare |
| Benson | 5,331 | $48,854 | $145,700 | 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 Cave Creek With Other Cities
Frequently Asked Questions about Cave Creek
What is the population of Cave Creek, AZ?
The population of Cave Creek, AZ is 5,033 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 Cave Creek?
The median household income in Cave Creek, AZ is $102,589 per year, which is 37% above the national median of $75,149.
What is the median home value in Cave Creek?
The median home value in Cave Creek, AZ is $791,900, which is 223% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cave Creek?
The median monthly rent in Cave Creek, AZ is $2,096, which is 80% above the national average of $1,163/month.
What is the unemployment rate in Cave Creek?
The unemployment rate in Cave Creek, AZ is 3.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Cave Creek, AZ a good place to live?
Cave Creek offers above-average incomes, a competitive housing market, and a strong job market. With a population of 5,033 and a median age of 60.3, the city appeals to established professionals and retirees.
How educated is Cave Creek, AZ?
50.0% of residents in Cave Creek 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 Cave Creek?
Key cost-of-living indicators for Cave Creek, AZ: median home value is $791,900 (223% above national), median rent is $2,096/month, and median household income is $102,589. The home-value-to-income ratio is 7.7x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Cave Creek?
The poverty rate in Cave Creek, AZ is 8.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Cave Creek, AZ?
Cave Creek's population is 0.7% White, 2.4% Hispanic or Latino, 0.0% Black or African American, 1.6% Asian, and 1.5% two or more races. 6.4% of residents are foreign-born.