Paradise Valley, NV Economy


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Paradise Valley, NV is an ideal location for those looking for a cost-effective and comfortable lifestyle. With 2 bedroom rent being $290 less than the US average, it's sure to be a great value. Grocery prices are also cheaper with the Cost Index being only 96 versus 100 in the US. Despite these lower costs, there are still plenty of exciting opportunities in Paradise Valley. Some of the local companies include Tesla, Adobe, Apple, and Switch Communications Group - all providing their own unique products and services to residents.

Paradise Valley has an unemployment rate of 3.5%. The US average is 6.0%.

Paradise Valley has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.

Tax Rates for Paradise Valley
- The Sales Tax Rate for Paradise Valley is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Paradise Valley is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Paradise Valley
- The average income of a Paradise Valley resident is $52,889 a year. The US average is $37,638 a year.
- The Median household income of a Paradise Valley resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyParadise Valley, NevadaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
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