Wealthiest phoenix zip code1/2/2024 It is no mystery how the town earned its name. The town was developed through careful urban planning in the mid century and is now known as one of the wealthiest cities in Arizona. With a population of 3,690, its slogan is “The Best Small Town in America”. Carefree Median Household Income: $112,768Ĭarefree, Arizona, is a small town located a short distance from Scottsdale. These include hiking, camping, horseback riding, kayaking, and more 3. In addition to the many facilities within the neighborhood, Rio Verde also provides quick access to many of Arizona’s best outdoor activities. The clubhouse is accessible only to members of the community. Rio Verde includes the Rio Verde Country Club, which features two 18-hole golf courses. Considering the demographics it serves, it is not surprising that it is a wealthy area. Though Rio Verde covers less than five square miles, it is census-designated and considered a municipality, not a neighborhood or dependent community. While children are permitted, they are not considered permanent residents, and fewer than 1 percent of the households have children below the age of 18. This planned community is age-restricted, and each household must have at least one member above the age of 55. Rio Verde is a small community just outside of Scottsdale. Rio Verde Median Household Income: $125,611 These include Olympic swimmer Michael Phelps, former Supreme Court Justice Sandra Day O’Connor, former Vice President Dan Quayle, and many others. This stunning suburb is also the hometown of quite a few notable people. The local luxury resorts are some of the largest employers of the region and draw thousands of tourists every year. It should come as no surprise that this wealthiest municipality in Arizona is also one of the most expensive. It was named in the 19th century thanks to its unusually lush flower and tree growth, rare for a desert climate. However, the town earned its name long before its reputation as a metaphorical gold mine. With a population of just 12,568, this suburb of Phoenix is known for its luxury resorts and high-end real estate. Paradise Valley certainly earns its name, as the wealthiest city in Arizona and the richest zip code in Arizona. Paradise Valley Median Household Income: $212,773 This illustrates just how wealthy some of these populations truly are. In other words, half of the households earn less than the median income and half earn more.įor cities with a high median income, it is worth bearing in mind that half the population of the city earns more than that amount. The median income is calculated by comparing the income of every household on the city census and finding the number that evenly splits the population. How Do We Measure The Wealthiest Cities in Arizona?įor the purposes of this article, we will measure wealth by the median household income of the city. However, that doesn’t mean there aren’t plenty of rich cities Arizona. Therefore, it is not a particularly wealthy state in its own right. Overall, Arizona ranks 28th on the national scale in terms of wealth. Arizona also has 24 national park sites, the most famous one being the Grand Canyon. The state is also home to lush forests, beautiful rivers, mountains and tableaus, and much more. With a vibrant culture, bustling metropolitan areas, and breathtaking desert views, it’s not hard to see why it is considered one of the highlights of the American Southwest.ĭesert isn’t the only thing to experience in Arizona, however. Some stories may only appear as partial reprints because of publisher restrictions.Arizona is one of the most highly-populated states in the United States. The Paradise Valley number was down about 6% from last year’s $170,224, while the 85262 number rose from $138,924 the previous year.Īrizona as a whole showed a median household income of $69,056.īy comparison, the American Community Survey report for 2018 showed 85253 still topped the list with a median household income of $156,655, trailed by the Phoenix ZIP code 85045 ($138,777) and the Scottsdale ZIP codes of 85266 ($136,573), 85255 ($126,991) and 85262 ($119,498). The median home value for Paradise Valley rose from $1.34 million in 2020 to $1.42 million in 2021, while Scottsdale’s 85262 rose from $854,000 to $903,300. Census Bureau’s 2021 American Community Survey five-year estimates of America’s wealth, education, families and living arrangements, health and housing showed median household income for the 85253 ZIP code as $159,846, well ahead of the $150,037 in 85262, the Scottsdale area that includes the luxurious Desert Mountain development. Now consider that is slightly less than half of the median household income of the tony Paradise Valley area of ZIP code 85253. According to the latest data, the median household income in Maricopa County is $76,247.
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