Housing costs in Paradise Valley?
A typical home costs
$3,012,800, which is 791.1% more expensive than the national average of
$338,100 and 639.5% more expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Paradise Valley costs
$2,480 per month, which is 73.4% more than the national average of
$1,430 and 37.5% more than the state average of
$1,550.
Can I afford Paradise Valley?
To live comfortably in Paradise Valley, Arizona, a minimum annual income of
$577,440 for a family, and
$83,600 for a single person is recommended.
What does A.I. say about Paradise Valley?
The cost of living in Paradise Valley, AZ is higher than the national average. According to the BestPlaces Livability Score, it has a cost of living index of 113 which is 13 points higher than the U.S. average. People looking to move to this area should be aware that prices for goods and services such as groceries, housing, and utilities are all more expensive than the national average. Additionally, with its median home value at $731,634 and its median gross rent being $2,372 monthly, it can be quite pricey to live in Paradise Valley.