Paradise Valley, AZ, shows a notably higher cost of living compared to the nationwide average. Specifically, the housing index stands at 270, which is 170% above the average. This significant increase highlights that housing costs are almost three times the national average.
Other areas such as groceries, utilities, transportation, healthcare, and miscellaneous expenses also exceed the national average, with indices of 105, 98, 98, 90, and 110 respectively. These metrics reveal that while housing costs are the most pronounced, several other living expenses in Paradise Valley are also substantially higher than the nationwide average of 100.
The cost of living in Paradise Valley, Arizona, significantly exceeds the nationwide average across multiple categories. Housing costs in Paradise Valley are 170% higher than the national average, with an index of 270 compared to the baseline of 100. This means that housing expenses for residents here are more than double the average cost in other parts of the country. Groceries, another major expense, are about 5% higher, with an index of 105. While this is not as drastic as the housing costs, it still indicates that residents should budget slightly more for food.
When considering other living costs, Paradise Valley's utilities are nearly at par with the national average, with an index of 98. Transportation costs also mirror the average, with an index of 98. However, healthcare costs are 10% lower than the national average, at an index of 90. This offers some relief for those concerned about medical expenses. Overall, while housing is notably more expensive, other living costs are relatively close to the national average, providing a mixed picture for potential residents.
