Paradise Valley is one of the richest towns in Maricopa County, Arizona. The area covered by the city is 15.5 sq. mile (40.1 km2). All area comprises of land and no area is covered by water. The area is basically a premier tourist destination. Multiple resorts are situated here that provides almost all the services that tourists need. The city comprises of 13663 inhabitants. Male proportion in the population is 49.9 percent and that of female is 50.1 percent. Population density is 939.2 / sq. mile. The median resident age is 53.2 years. 92.5 percent population is Caucasian, 1.60 percent is African American, 3.15 percent is Asian and 3 percent belongs to different races.36 percent of the population comprises of youth. 85 percent English, 5 percent Spanish, 10 percent other languages are speaking by the people in the area. The average household size is 2.71 and the average family size is 2.98.
The education system of the area is of good scale. There are more than 17 public and private schools serving in the town. 92 percent residents completed high school education, 90 percent passed college exam, 72 percent completed their Bachelors degree, 37 percent attained Masters Degree and 19.8 percent passed Professional degree exam. Prominent educational institutions of the town are country Cherokee Elementary School and Kiva Elementary School. Student to teacher ratio is 19:1.
The per Capita income in the city is $95689 presented the well being of the residents. The median household income is $139524 and the median income occupied by owner is $147551. Major industry is service industry. 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. Unemployment rate is 1 percent in the area that is much lower than the national average and Poverty level is 7.5 percent. Real Estate sector is one of the most expensive industries of the area. The average home price is $1443200 and average rent is $5500. 95.8 percent of the residents are living in their own houses while 4.2 percent of the houses are occupied by the renters. The cost of living in the city is 195 percent higher than the national average.
Notable business in the area is of 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, Resorts are the prime business of the town. The tow is represented by the town administrator with his team members. They are elected for the term of four years via election by the people of the area. Paradise Valley, as compares to other neighborhood areas or towns is more stable and well established town. It possesses almost all the facilities that are essential for spending a happy and prosperous life. The administration is working efficiently for the maintenance and betterment of the Valley. They continuously monitor the environment of the town and take necessary measures to improve it.