Paradise Valley, AZ
Population 12,621 · Arizona
About Paradise Valley, AZ
Paradise Valley is a mid-sized city located in Arizona with a population of 12,621 residents according to the latest US Census Bureau American Community Survey data. The median household income is $236,250 per year, which is 214% above the national median of $75,149. The median age of 55.5 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 Paradise Valley features a median home value of $2,000,001, which is 717% above the national median of $244,900. This places Paradise Valley in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $3,501, 201% above the national average of $1,163/month. Of the 5,748 total housing units, 95% are owner-occupied (4,728 units) and 5% are renter-occupied (244 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Paradise Valley shows an unemployment rate of 2.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Paradise Valley have an average one-way commute time of 22 minutes.
Education & Demographics
72.9% of Paradise Valley 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 9.1% White, 0.7% Hispanic or Latino, 0.2% Black or African American, and 0.9% Asian residents, with 15.3% of the population being foreign-born.
Climate & Weather
Paradise Valley experiences an annual average temperature of 74.5°F with 10.57" of precipitation per year. The warm climate makes it appealing for those who prefer mild winters and plenty of sunshine. Summer highs average around 108°F (July–August), while winter lows dip to approximately 44°F (December–January).
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
Climate & Weather in Paradise Valley
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 61 | 66 | 70 | 88 | 93 | 101 | 111 | 105 | 100 | 91 | 77 | 68 |
| Low °F | 42 | 44 | 48 | 59 | 69 | 74 | 89 | 84 | 75 | 65 | 54 | 46 |
| Rain " | 1.8 | 1.8 | 2.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.9 | 0.2 | 0.0 | 1.6 | 2.0 |
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 US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Arizona.
What is the median household income in Paradise Valley?
The median household income in Paradise Valley, AZ is $236,250 per year, which is 214% above the national median of $75,149.
What is the median home value in Paradise Valley?
The median home value in Paradise Valley, AZ is $2,000,001, which is 717% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Paradise Valley?
The median monthly rent in Paradise Valley, AZ is $3,501, which is 201% above the national average of $1,163/month.
What is the unemployment rate in Paradise Valley?
The unemployment rate in Paradise Valley, AZ is 2.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Paradise Valley, AZ a good place to live?
Paradise Valley offers above-average incomes, a competitive housing market, and a strong job market. With a population of 12,621 and a median age of 55.5, the city appeals to established professionals and retirees.
How educated is Paradise Valley, AZ?
72.9% of residents in Paradise Valley 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 Paradise Valley?
Key cost-of-living indicators for Paradise Valley, AZ: median home value is $2,000,001 (717% above national), median rent is $3,501/month, and median household income is $236,250. The home-value-to-income ratio is 8.5x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Paradise Valley?
The poverty rate in Paradise Valley, AZ is 5.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Paradise Valley, AZ?
Paradise Valley's population is 9.1% White, 0.7% Hispanic or Latino, 0.2% Black or African American, 0.9% Asian, and 0.1% two or more races. 15.3% of residents are foreign-born.