In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
The above illustration supplies generalized information for the Paradise Valley, AZ cost of living index. Compared to other cities in Arizona and cities across the country, the cost of living index in Paradise Valley, AZ is 235, which is 139% higher than the Arizona average and 135% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Paradise Valley, AZ are 4% lower than the average for Arizona and 6% lower than the rest of the country.
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Did you know?
The cost of living in Paradise Valley is 139% higher than the Arizona average.
The cost of living in Paradise Valley is 135% higher than the national average.
The cost of housing in Paradise Valley is 461% higher than the national average.
Arizona general sales tax is 10% higher than the national average.
Arizona state income tax is 16% higher than the national average.
Compare Paradise Valley, AZ Cost of living To Other Cities
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
Use the salary calculator to compare your current salary in Paradise Valley, AZ to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Paradise Valley, AZ, then you would need to earn more income in order to maintain the same standard of living. To use the Paradise Valley, AZ salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.
Median Income & Debt-To-Income Ratio
Max Budget (28% DTI)
Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in Paradise Valley, AZ by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Paradise Valley, AZ have a median income of $185,650. Therefore, the amount that a consumer should spend on housing costs should be no more than $4,332 per month to avoid calamity and poverty. The renters in the city have an income of about $88,250, which would make their monthly maximum allowable rental costs $2,059.
Arizona Sales Tax
General Sales Tax
With Max Surtax
Arizona Income Tax
Income Tax (Low)
Income Tax (High)
The Arizona sales tax and Arizona income tax rates should definitely be considered when determining the overall cost of living in Paradise Valley, AZ. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Arizona sales tax is 5.6% and the maximum surtax is 10.725%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Arizona income tax rates range from 2.59% to 4.54%.
Goods & Services
Avg. Mortgage Payment
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.