Wealthiest Cities in Arizona 2023: It’s common knowledge that Arizona contains some of the world’s most breathtaking natural scenery, and we’re all well aware of this fact.
You might be surprised to learn that it is also home to some of the wealthiest communities in the United States.
Arizona has consistently rated among the top five states in terms of its rate of population expansion over the past decade.
Manufacturing, transportation, aerospace, high-tech computer systems, medical equipment and instruments, consumer goods, renewable energy products and services are just some of the businesses that can be found in both Tucson and Phoenix.
Honeywell and Apollo Education Group are both Fortune 1000 companies, and their headquarters are located in both cities.
Another reason why thousands of individuals move to Arizona each year is because of the state’s relatively inexpensive cost of living, its relatively moderate winters, and its consistently lovely weather.
10 Wealthiest Cities in Arizona 2023
The state of Arizona is home to a number of cities that rank among the wealthiest in the United States. The majority of the communities in Arizona are primed for financial expansion, worldwide investment prospects, and great quality of life as a result of factors such as rising real estate values, the relocation of corporations, and a hunger for economic opportunity.
Arizona is an excellent state to begin your search in whether you are considering moving to the United States or making money while you are there.
Where exactly, though, should you set your sights on moving to instead?
Although everyone has their own preferences when it comes to where they would like to live, there are some fantastic regions that offer the best of both worlds: a low cost of living in conjunction with excellent career prospects.
Here is a list of Arizona’s wealthiest cities based on household income:
1. Paradise Valley — $212,773 (Wealthiest Cities in Arizona)
With a typical family income of $212,773, Paradise Valley is one of the cities in Arizona that can claim to be among the state’s wealthiest.
The average price of a property in Paradise Valley is $3,019,574, making the real estate there quite dear as well.
The town is well-known for its high-end golf resorts, as well as its retail and dining opportunities, and it is located to the east of Scottsdale and to the west of Phoenix.
In addition to a great deal of money and a beautiful climate (360 days of sunshine per year).
It has a population of approximately 15,186 people and is well-known for its serene environment and high-end resorts; as a result, a large number of wealthy retirees and celebrities opt to make their homes there.
The proximity of the small town to Scottsdale, with all of its high-end resorts, golf courses, and spas, is another factor that contributes to the town’s appeal to retirees as well as tourists.
In addition to this, Paradise Valley is well-known for its extensive selection of restaurants, bars, and retail establishments.
2. Queen Creek — $104,161
Queen Creek is a community that is included in the metropolitan region of Phoenix. It is situated around 25 miles southeast of the city of Phoenix.
With a median household income of $104,161 and a median house price of $634,191, it is one of the wealthiest communities in the state of Arizona.
It is one of the wealthiest locations to reside in Arizona due to the fact that the median household income in the town is greater by more than $42,632 over the average for the state.
The cost of housing in Queen Creek is about $100,000 less than the average for the state, making it significantly more affordable than the majority of other cities and towns in Arizona.
The municipality is home to a number of master-planned communities, one of which being Encanterra, a premium enclave with an age limit that features a golf course and country club.
The town’s hope for its further growth lies in the establishment of high-tech businesses.
The town is home to a number of semiconductor manufacturers, who construct their goods in Chandler before transporting them via the adjacent Phoenix-Mesa Gateway Airport, which is located in Mesa and can be reached by car in approximately twenty minutes.
3. Gilbert — $99,154 (Wealthiest Cities in Arizona)
Gilbert is one of the towns in Arizona that has the highest median household income, coming in at $99,154, and one of the towns with the highest median home value, coming in at around $572,469.
This suburb located east of Phoenix has long been considered one of the “greatest places to live in America” according to numerous publications.
Despite being one of the largest suburbs in the country with a population of just over 267,918 people, Gilbert is noted for maintaining the sense of a traditional American small town.
The town has been recognized on multiple occasions for its high quality of life, as well as its commitment to the welfare of its residents, particularly families. Kids in Gilbert have access to a wide variety of chances to participate in extracurricular activities outside of the classroom, including sports.
The city contains a great number of parks and swimming pools, both of which are excellent places for families to go and spend time together. The crime rate is quite low in comparison to that of other cities in Arizona, making it a fairly secure location in which to make your home.
4. Litchfield Park —$95,625
The wealthy city of Litchfield Park can be found in the northwest part of the Valley. With a population of approximately 6,000 people, it is one of the wealthiest cities in the state of Arizona.
It is found in Maricopa County and is well-known for the luxurious mansions, golf courses, and exquisite dining places that it contains. The property market in Litchfield Park, Arizona, is one of the most expensive in the state, with prices for single-family homes reaching close to $400,000.
Because of its immaculate villages and meticulously manicured yards, it has become a popular destination for people in their golden years. The median income for a household in the town is $95,625, and the median value of a home in the town is $547,048.
The percentage of people living in poverty in Litchfield Park is 7.4%, which is significantly lower than the national average of 11.4%.
5. Catalina Foothills — $92,929 (Wealthiest Cities in Arizona)
With an annual family income of $92,929, which is more than twice the average for Arizona, Catalina Foothills is one of the cities in Arizona with the highest levels of wealth.
In addition to that, it is ranked as one of the top 10 safest locations to reside in the state of Arizona. The city is home to a sizeable population of senior citizens and retirees, many of whom chose to settle there so they could take advantage of the various opportunities for outdoor recreation, such as golfing, hiking, and other sports.
The health care and social assistance industries, retail trade, educational services, and the arts and entertainment industries are the primary economic drivers in the community.
Because of the pleasant climate, convenient access to shopping and entertainment, and scenic surroundings, Catalina Foothills is a highly desirable location for retirement communities. The majority of the citizens are either retired or hold jobs within the city limits.
6. Scottsdale —$91,042
With a median family income of $91,042, Scottsdale is one of the most prosperous communities in Arizona. This figure is almost $33,583 greater than the average for the state.
In addition, the city has a low unemployment rate, which was recorded at 4.7 percent as of January 2022, and an extraordinarily low percentage of its citizens who are living in poverty, which was recorded at 6.8 percent.
The city is home to world-class golf courses and resorts, upscale shopping and dining, and prominent tourist destinations like as Taliesin West, the house and studio of renowned architect Frank Lloyd Wright. Other attractions in the area include high-end shopping and dining.
Old Town and North Scottsdale make up the majority of the city’s two primary districts, respectively. Old Town Scottsdale has a long history as the town center, and it features a charming downtown section that is directly off of Main Street.
This neighborhood is well-known for its artistic vibe as well as its assortment of one-of-a-kind restaurants. In addition, this region is home to a large number of resorts, some of which include the well-known Hotel Valley Ho and the Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch.
The majority of North Scottsdale’s luxury houses and shopping areas, like Kierland Commons and Scottsdale Quarter, can be found in this region of the city.
Shea Boulevard is home to a large number of restaurants, some of which provide excellent Mexican cuisine. Fashion Square Mall, located on Camelback Road, is a posh shopping destination.
7. Marana — $89,689 (Wealthiest Cities in Arizona)
With a typical family income of $89,689 and an average household net worth of $400,000, the town of Marana is one of the wealthiest communities in the state of Arizona.
The town has been expanding at a quick rate, which can be seen in the thriving state of its real estate market.
A significant number of Marana’s new citizens have found employment in the town’s industrial parks, which are home to businesses such as Raytheon and Amazon (the latter of which operates the largest building on the planet).
Because they are above average, the public schools in Marana are wonderful for families looking to expand. Marana is considered to be one of the safest places to live in all of Arizona, according to recent rankings.
The Titan Missile Museum and Saguaro National Park are two of Marana’s most well-known and often visited destinations.
Marana is home to a wide variety of museums, all of which welcome a significant number of tourists each and every year. Due to the historical significance of the museum as well as its proximity to other attractions such as Saguaro National Park, the Titan Missile Museum is considered to be one of the most popular museums in the state of Arizona.
8. Fountain Hills —$87,080
With a median income of $87,080 for households, the municipality of Fountain Hills is one of the wealthiest in the state of Arizona. The city is home to a significant number of well-planned subdivisions, and as a result, there are a great deal of rental properties.
This low-density suburbia is ideal for families who are wishing to reside in a town that is known for its peace and quiet. The town of Fountain Hills had only four reported cases of violent crime and 86 reported cases of property crime in 2018. This indicates that the area’s overall crime rate is exceptionally low.
The fountain in the center of town is easily the most fascinating aspect of Fountain Hills. Although they are turned off during times of water conservation, the streams in this area have the potential to reach heights of up to 560 feet in the air.
Residents take pride in showing off the world’s tallest fountain to tourists and other visitors because it is a well-known tourist attraction. In addition to its status as a well-known retirement community, Fountain Hills is distinguished by the presence of a great number of aesthetically pleasing residences and golf courses.
9. Oro Valley —$86,863 (Wealthiest Cities in Arizona)
With a typical family income of $86,863, Oro Valley is one of the most prosperous communities in the state of Arizona. It should not come as a surprise that a number of high-end golf course communities and retirement communities are located near this expanding community that was created around golf.
The town is composed of a variety of settlements, each of which has a distinct personality due to its own history and architecture.
Oro Valley is situated to the northwest of Tucson, which provides its residents with convenient access to Interstate 10, as well as a commute that is not overly long to either downtown Tucson or Marana.
At addition to this, the town is home to five public golf courses, a large number of hiking trails, and a variety of other recreational possibilities in nearby Catalina State Park and Pusch Ridge Wilderness Area.
10. Chandler —$85,796
With an annual household median income of $85,796 and an unemployment rate of 5.3%, Chandler is one of the most prosperous municipalities in the state of Arizona.
This municipality has a cost of living that is 10 percentage points more than the national average, as well as an average home price of 520 493 dollars. Because of its closeness to Phoenix and its successful efforts to revitalize its economy, Chandler has become one of the cities in the United States with the highest rate of population growth.
In the nearby state parks, locals have access to a wide variety of opportunities for outdoor recreation, including walking, fishing, golfing, and camping. In addition to these attractions, there is also the Desert Breeze Railroad and the Chandler Museum.
In terms of its location in the state of Arizona, the city of Chandler may be found in Maricopa County. There are approximately 252,692 residents here as of 2023
Wealthiest Cities in Arizona 2023:Newshub360.net