Paradise Valley may be small, but, oh boy, is it mighty.
The affluent suburb of 12,000 people wedged between Phoenix and Scottsdale outstrips the rest of the valley in wealth. To be considered “rich” and in the top 5% of earners, you need an average household income of $1.6 million, a far cry from Scottsdale’s approximately $940,000, the second-highest in the Valley.
Paradise Valley is known for its exclusivity, beautiful mansions, slow speed limits — be careful of the speed cameras! — and world-class resorts. But the “Beverly Hills of Arizona” is not just rich on a local scale. It turns out it’s one of the wealthiest suburbs in the country, too. And not for the first time…