Paradise Valley Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for Paradise Valley, Arizona? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for Paradise Valley, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

The data on this page is from the 2022 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2022, the median household income in Paradise Valley is $221,333.00.

The chart below shows the average household income by age in Paradise Valley.

  • Under 25
    $0.00
  • 25 to 44
    $172,182.00
  • 45 to 64
    $250,001.00
  • 65 and over
    $194,083.00

Average Household Income

A very commonly asked question is "what is the average household income in Paradise Valley, Arizona?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in Paradise Valley is $385,643.00.

54.93% of households in Paradise Valley, Arizona are classed as high income households (making $200,000+ per year).

The difference between a median and an average income

The difference between a median and mean household income is that the median income is the middle point of the set of numbers whereas the mean income is an average of all numbers.

Both metrics are important when looking at the income statistics for Paradise Valley but because the median value doesn't depend on other numbers in the dataset, it doesn't change as much when some of the values are extremely low or extremely high.

Household Income Tiers for Paradise Valley

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for Paradise Valley, Arizona easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

  • Less than $24,999
    6.76%
  • $25,000 to $49,999
    8.28%
  • $50,000 to $74,999
    4.70%
  • $75,000 to $99,999
    3.39%
  • $100,000 to $149,999
    9.27%
  • $150,000 to $199,999
    12.66%
  • $200,000 or more
    54.93%

Per Capita Income

The per capita income is the average income of all people in Paradise Valley, Arizona. This is calculated by dividing the total income of all people in Paradise Valley by the total number of people in Paradise Valley.

It differs from the average or mean household income because it includes all people in Paradise Valley and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in Paradise Valley, Arizona is $152,067.00.

Population in Paradise Valley by Race and Ethnicity

The total population in Paradise Valley is currently 12,672 people.

The race and ethnicity of the population in Paradise Valley can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in Paradise Valley, Arizona.

  • 1.50% White
    189
  • 88.80% Black/African American
    11,255
  • 79.80% Native
    10,113
  • 6.40% Hispanic
    813
  • 0.20% Asian
    20
  • 0.50% Hawaiian/Pacific Islander
    61
  • 2.00% Two or more races
    259
  • 3.20% Other
    403

Population of Paradise Valley by Age and Gender

Another very important demographics statistic for Paradise Valley, Arizona is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Age Group Male Female
0 to 9 Years 737 448
10 to 19 Years 639 673
20 to 29 Years 488 334
30 to 39 Years 188 431
40 to 49 Years 924 731
50 to 59 Years 1,004 1,108
60 to 69 Years 1,012 921
70 Years and over 1,690 1,344

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in Paradise Valley, Arizona.

  • Master's degree or higher
    22.11%
  • Bachelor's degree
    61.38%
  • Some college or associate's degree
    5.87%
  • High school diploma or equivalent
    9.94%
  • Less than high school diploma
    0.70%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for Paradise Valley because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in Paradise Valley look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in Paradise Valley, Arizona that are over the age of 16.

The current population in Paradise Valley that are over the age of 16 is 10,817 people.

The unemployment rate in Paradise Valley is 2.50%, which means 138 people are unemployed.

Median Age in Paradise Valley

The median age is an interesting metric because it gives us an idea of the age distribution of people in Paradise Valley, Arizona. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in Paradise Valley is 54.5 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in Paradise Valley

54.5

Total

55.1

Male

54.3

Female

Households and Families

There are a total of 5,046 households in Paradise Valley, and the average household size is 2.5 people.

For families, the total number is 4,105, and the average family size is 2.74 people.

2.90% of those families in Paradise Valley, Arizona are living below the poverty line.

The table below shows the poverty thresholds for Paradise Valley in .

Household Size Poverty Threshold
1 Person $14,580.00
2 People $19,720.00
3 People $24,860.00
4 People $30,000.00
5 People $35,140.00
6 People $40,280.00
7 People $45,420.00
8 People $50,560.00

Please note that the poverty thresholds shown above are from , while the latest demographics data we have is from 2022.

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

  • Married-couple
  • Male householder, no spouse present
  • Female householder, no spouse present
  • Nonfamily household

In the table below, you can see the total households and families in Paradise Valley, Arizona for each type, as well as the average sizes.

Married Male Female Nonfamily
Total Households 3,641 330 134 941
Average Household Size 2.77 2.57 4.13 1.21
Total Families 3,641 330 134 0
Average Household Size 2.74 2.19 4.13 0

Housing Data in Paradise Valley

There are total of 5,810 housing units in Paradise Valley, Arizona. Of those units, 5,046 (86.85%) are occupied, and 764 (13.15%) are vacant.

Rental Rates

Of the 5,810 housing units in Paradise Valley, 174 (2.99%) are occupied by renters. The median rent paid by renters is $3,501.00.

Owner occupied housing units make up the remaining 82.63% of housing units, with 4,801 housing units in total.

The table below breaks down how much rent is paid by renters in Paradise Valley, Arizona.

  • No rent paid
    71
  • Less than $500
    0
  • $500 to $999
    0
  • $1,000 to $1,499
    6
  • $1,500 to $1,999
    0
  • $2,000 to $2,499
    0
  • $2,500 to $2,999
    38
  • $3,000 or more
    130

Property Values

The median value of a property in Paradise Valley is $2,000,001.00.

The table below breaks down the range of valuations for all properties in Paradise Valley.

  • Less than $50,000
    38
  • $50,000 to $99,999
    9
  • $100,000 to $149,999
    19
  • $150,000 to $199,999
    8
  • $200,000 to $299,999
    85
  • $300,000 to $499,999
    308
  • $500,000 to $999,999
    376
  • $1,000,000 or more
    3,958

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in Paradise Valley, Arizona.

  • 1939 or earlier
    0
  • 1940 to 1949
    16
  • 1950 to 1959
    622
  • 1960 to 1969
    671
  • 1970 to 1979
    1,144
  • 1980 to 1989
    1,054
  • 1990 to 1999
    950
  • 2000 to 2009
    757
  • 2010 to 2013
    523
  • 2014 or later
    73

Vehicles Available per Household

Finally, we have data on how many vehicles each household in Paradise Valley has. The table below breaks down the number of vehicles available per household.

  • No vehicles available
    26
  • 1 vehicle available
    762
  • 2 vehicles available
    2,145
  • 3 or more vehicles available
    2,113

Commuting to Work in Paradise Valley

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of Paradise Valley, Arizona, how they commute, and how that correlates to other data points.

The average travel time is 20.8 minutes, and the chart below covers the range of travel times across the population of Paradise Valley.

  • Less than 5 minutes
    85
  • 5 to 9 minutes
    356
  • 10 to 14 minutes
    671
  • 15 to 19 minutes
    724
  • 20 to 24 minutes
    590
  • 25 to 29 minutes
    599
  • 30 to 34 minutes
    709
  • 35 to 39 minutes
    88
  • 40 to 44 minutes
    73
  • 45 to 59 minutes
    28
  • 60 to 89 minutes
    40
  • 90 or more minutes
    49

We can also look at the means of transport in Paradise Valley to see which modes of transport people are using to commute to work.

  • Drove alone
    3,669
  • Carpooled
    171
  • Public transportation
    25
  • Walked
    53
  • Other means
    94
  • Worked from home
    1,287

Conclusion

Hopefully this article has given you the demographics data you were looking for in Paradise Valley, Arizona.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for Paradise Valley.

Link To or Reference This Page

We spent a lot of time downloading, cleaning, merging, and formatting the data that is shown on the site.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference Name Census as the source. We appreciate your support!

  • "Paradise Valley Average Income, Population and Demographics". NameCensus.com. Accessed on June 22, 2024. https://namecensus.com/demographics/arizona/maricopa-county/paradise-valley/.

  • "Paradise Valley Average Income, Population and Demographics". NameCensus.com, https://namecensus.com/demographics/arizona/maricopa-county/paradise-valley/. Accessed 22 June, 2024

  • Paradise Valley Average Income, Population and Demographics. NameCensus.com. Retrieved from https://namecensus.com/demographics/arizona/maricopa-county/paradise-valley/.