What is the cost of living in Paradise Valley, AZ?
According to the most recent data on the cost of living, Paradise Valley has an overall cost of living index of 301, which is 3.0x higher than the national index of 100.
Compared to Arizona, Paradise Valley has a cost of living index that's 3.0x higher than Arizona's index of 100.
The standard of living in Paradise Valley ranks as #91 most affordable out of the 91 places we measured in Arizona. By definition, that implies Paradise Valley ranks as the #0 most expensive place in the Grand Canyon State.
For more reading on life in Paradise Valley, check out:
Paradise Valley Cost Of Living Vs. Arizona
Six factors go into calculating the cost of living index in Paradise Valley. Here is how it fares on each of the criteria:
The Services index in Paradise Valley is 98.
The Groceries index in Paradise Valley is 101.
The Health index in Paradise Valley is 750.
The Housing index in Paradise Valley is 106.
The Transportation index in Paradise Valley is 115.
The Utilities index in Paradise Valley is 105.
| Living Expense | Paradise Valley | Arizona | National Average |
|---|---|---|---|
| Overall | 301 | 100 | 100 |
| Services | 98 | 99 | 100 |
| Groceries | 101 | 99 | 100 |
| Health | 750 | 97 | 100 |
| Housing | 106 | 104 | 100 |
| Transportation | 115 | 113 | 100 |
| Utilities | 105 | 104 | 100 |
Paradise Valley Cost Of Living Compared To Arizona Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Arizona, check out:
Protect your home budget Compare home warranties in Paradise Valley Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Paradise Valley, AZ Housing Cost Breakdown
Housing swings affordability the most between places in Arizona, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Paradise Valley is $3,474,596.
The Median Rent in Paradise Valley is $3,501.
The Median Income in Paradise Valley is $247,159.
The Home Value To Income in Paradise Valley is 14.1x.
The Rent To Monthly Income in Paradise Valley is 0.17x.
| Statistic | Paradise Valley | Arizona | United States |
|---|---|---|---|
| Median Home Value | $3,474,596 | $423,329 | $332,700 |
| Median Rent | $3,501 | $1,543 | $1,413 |
| Median Income | $247,159 | $79,964 | $80,734 |
| Home Value To Income | 14.1x | 5.3x | 4.1x |
| Rent To Monthly Income | 0.17x | 0.23x | 0.21x |
Paradise Valley, AZ Costs By Category
Detailed Paradise Valley Services costs vs. Arizona
| Item | Paradise Valley | Arizona |
|---|---|---|
| Shampoo | $1.32 | $1.28 |
| Movie | $9.71 | $12.13 |
| Bowling | $21.97 | $18 |
| Haircut | $18.21 | $24.26 |
| Beauty Salon | $55.83 | $45.56 |
Detailed Paradise Valley Groceries costs vs. Arizona
| Item | Paradise Valley | Arizona |
|---|---|---|
| Ground Beef | $6.17 | $5.84 |
| Fried Chicken | $1.41 | $1.57 |
| Milk | $4.78 | $4.67 |
| Potatoes | $4.6 | $4.93 |
| Pizza | $12.12 | $12.09 |
| Beer | $11.51 | $10.41 |
| Toothpaste | $3.54 | $3.7 |
Detailed Paradise Valley Health costs vs. Arizona
| Item | Paradise Valley | Arizona |
|---|---|---|
| Optometrist | $107.63 | $125.68 |
| Doctor | $99.0 | $135.78 |
| Dentist | $120.5 | $113.29 |
Detailed Paradise Valley Transportation costs vs. Arizona
| Item | Paradise Valley | Arizona |
|---|---|---|
| Gasoline | $3.54 | $3.46 |
| Tire Balancing | $60.83 | $59.92 |
Detailed Paradise Valley Utilities costs vs. Arizona
| Item | Paradise Valley | Arizona |
|---|---|---|
| All Electricity | $193.93 | $193.99 |
| Phone | $186.48 | $192.25 |
Paradise Valley SnackAbility
Cost Of Living In Cities Around Paradise Valley
The cost of living varies in the cities and towns around Paradise Valley. Here's a quick look at the cost of living in the most populous nearby places:
Phoenix, AZ has a cost of living index of 111, 0.4x Paradise Valley.
Mesa, AZ has a cost of living index of 112, 0.4x Paradise Valley.
Chandler, AZ has a cost of living index of 125, 0.4x Paradise Valley.
| City | Population | Cost Of Living | Vs. Paradise Valley |
|---|---|---|---|
| Phoenix, AZ | 1,642,323 | 111 | 0.4x |
| Mesa, AZ | 511,764 | 112 | 0.4x |
| Chandler, AZ | 280,136 | 125 | 0.4x |
| Glendale, AZ | 252,833 | 108 | 0.4x |
| Scottsdale, AZ | 243,821 | 144 | 0.5x |
| Tempe, AZ | 188,065 | 117 | 0.4x |
| Fountain Hills, AZ | 23,789 | 134 | 0.4x |
| Tolleson, AZ | 7,668 | 105 | 0.3x |
| Guadalupe, AZ | 5,272 | 97 | 0.3x |
| Cave Creek, AZ | 5,091 | 127 | 0.4x |
