Paradise Valley is one of the richest towns in Maricopa County, Arizona. The area covered by the city is 15.5 sq. miles. The area is basically a premier tourist destination. Multiple resorts are situated here which provides almost all the services that tourists need. The city comprises of 13,663 inhabitants. Male percentage the population is 49.9% and females are at 50.1%. The median resident age is 53.2 years. The main languages spoken are English and Spanish.
The education system of the area is of good scale. There are more than 17 public and private schools serving in the town. Prominent educational institutions of the town are country Cherokee Elementary School and Kiva Elementary School. Student to teacher ratio is 19:1. 92% residents completed their high school education, 90% passed college exams, 72% completed their Bachelors degree, 37% attained Masters Degree and 19.8% passed Professional degree exams.
The per capita income in the city is $95,689. The median household income is $139,524. The prominent employers of the town are Camelback Inn, Omni Scottsdale Resort and Spa at Montelucia, the Scottsdale Plaza Resort, Sanctuary on Camel Back Mountain and Hermosa Inn. The unemployment rate is 1% in the area which is much lower than the national average. The Real Estate sector is one of the most expensive industries of the area. The average home price is $1,443,200 and average rent is $5,500. The cost of living in the city is 195% higher than the national average.
Notable business in the area are the tourism services. Climate of the area is ideal for the tourism industry. People come here from all around the county to spend their holidays. In the town, restaurants, parks, hotels, and resorts are the prime businesses of the town. Paradise Valley, as compared to other neighborhood areas is more stable and well established. The town’s administration continuously monitor the environment of the town and take necessary measures to improve it.