Paradise Valley, Arizona is an affluent town located in Phoenix's northeast valley. Home to a variety of businesses and attractions, it is known for its charming mountain locations, upscale shopping, and cultural events. The average two bedroom rent in Paradise Valley is $2,480, which is significantly higher than the US average of $1,430. The local Grocery Cost Index in the area is 114 versus 100 in the US. Some popular companies that are based out of Paradise Valley include GoDaddy offices, John C Lincoln Medical Center, and Viking Range Corporation. All in all, Paradise Valley provides an elevated living experience with costs slightly more expensive than the national average.
Paradise Valley (zip 85253) has an unemployment rate of 6.1%. The US average is 6.0%.
Paradise Valley (zip 85253) has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 45.1%, which is higher than the US average of 33.5%.
Tax Rates for Paradise Valley (zip 85253)
- The Sales Tax Rate for Paradise Valley (zip 85253) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Paradise Valley (zip 85253) is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Paradise Valley (zip 85253)
- The average income of a Paradise Valley (zip 85253) resident is $127,524 a year. The US average is $37,638 a year.
- The Median household income of a Paradise Valley (zip 85253) resident is $159,846 a year. The US average is $69,021 a year.