Paradise Valley, AZ
Population 12,621 · Arizona
About Paradise Valley, AZ
Paradise Valley is a mid-sized city in Arizona with a population of 12,621 residents. The median household income is $236,250 per year, which is above the national average. The median age in Paradise Valley is 55.5 years.
Housing in Paradise Valley has a median home value of $2,000,001 and median monthly rent of $3,501. Of the 5,748 total housing units, the majority are owner-occupied, with 4,728 owner-occupied and 244 renter-occupied units.
The unemployment rate in Paradise Valley is 2.5% and the poverty rate is 5.0%. 72.9% of residents hold a bachelor's degree or higher. The average commute time is 22 minutes.
How Paradise Valley Ranks in Arizona
Cost of Living in Paradise Valley, AZ
Compared to national averages, Paradise Valley has a median household income of $236,250 (214% above the national median of $75,149). Home values average $2,000,001, which is 717% above the national median. Monthly rent at $3,501 is 201% above the US average of $1,163. Within Arizona, Paradise Valley's income is 281% above the state average of $62,086, and home values are 744% above the state median of $237,048.
Why Live in Paradise Valley, AZ?
Paradise Valley offers a strong local economy with a median household income of $236,250, well above the national average, and a strong job market with an unemployment rate of just 2.5%, and a well-educated community where 72.9% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 5.0%, better than the national average, and short commute times averaging just 22 minutes.
Potential considerations include a competitive housing market where the typical home costs $2,000,001. However, Paradise Valley’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Paradise Valley has a population of 12,621 with a median age of 55.5 years. Compare Paradise Valley with other cities to see how it stacks up, or explore all cities in Arizona.
Similar Cities Near Paradise Valley
Cities in Arizona with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Saddlebrooke | 12,616 | $90,888 | $471,700 | Compare |
| Verde Village | 12,662 | $71,352 | $329,300 | Compare |
| Tucson Estates | 12,687 | $66,813 | $190,200 | Compare |
| Cottonwood | 12,547 | $47,162 | $286,000 | Compare |
| Gold Canyon | 12,488 | $85,833 | $469,600 | Compare |
| Camp Verde | 12,282 | $58,383 | $286,700 | Compare |
| Show Low | 11,913 | $63,376 | $275,000 | Compare |
| Chino Valley | 13,372 | $59,733 | $352,100 | 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 Paradise Valley With Other Cities
Frequently Asked Questions about Paradise Valley
What is the population of Paradise Valley, AZ?
The population of Paradise Valley, AZ is 12,621 according to the latest Census data.
What is the median household income in Paradise Valley?
The median household income in Paradise Valley, AZ is $236,250 per year.
What is the median home value in Paradise Valley?
The median home value in Paradise Valley, AZ is $2,000,001.
What is the average rent in Paradise Valley?
The median monthly rent in Paradise Valley, AZ is $3,501.
What is the unemployment rate in Paradise Valley?
The unemployment rate in Paradise Valley, AZ is 2.5%.