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Most Expensive Suburb in Arizona: Paradise Valley

Bloomberg/Businessweek

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Most Expensive Suburb in Arizona: Paradise Valley



Median home price: $1,240,000

Cost-of-living index: 303

Nonretail spending index: 306

Location: about 14 miles northeast of Phoenix

Population: 15,137


Despite the more than 50 golf courses in the area, Paradise Valley is not merely a popular tourist destination. According to About.com, the area is home to such billionaire residents as Campbell Soup heir Bennett Dorrance and Discount Tire founder Bruce Halle. The Census Bureau reported per capita income in the area was $81,290 in 2000 and median household income was $150,228.