Arizona has become a premier destination for affluent homebuyers across the United States. With its sunny climate, lower taxes, luxury golf communities, and increasing inventory of high-end real estate, the Grand Canyon State is quickly earning a reputation as a hub for luxury living. Whether you’re a retiree seeking a serene escape, a high-net-worth individual moving from high-cost coastal cities, or a family looking for the perfect blend of safety, schools, and scenery, Arizona has a luxury market ready to impress.
The U.S. Census Bureau’s 2023 American Community Survey supports this shift. The state has added nearly 300,000 new residents since 2020, and many of its cities now rank among the most affluent in the nation. Cities were evaluated based on four key metrics: median household income, mean household income, median home value, and property taxes paid, giving us a well-rounded view of the wealthiest cities in Arizona.
Let’s Explore The 10 Wealthiest Cities in Arizona
1. Paradise Valley, AZ
- Known For: Arizona’s most exclusive and expensive city
- Median Household Income: $211,300
- Median Household Income: $385,643
- Median Home Price: $3.35 million+
- Median Property Taxes: $9,166
- Population: ~14,637
Paradise Valley stands as the undisputed leader in Arizona luxury. This elite community blends ultra-luxury living with a serene desert backdrop. With residents ranging from Fortune 500 CEOs to Hollywood celebrities and athletes, it’s no surprise this town tops both median and average income metrics. The local economy is driven by high-end tourism, including five-star resorts and luxury spas, while real estate prices frequently exceed $10 million for custom estates.
Looking for Paradise Valley real estate Agent? Explore the latest luxury listings and connect with Kelly Jones, your trusted Paradise Valley, AZ Realtor today.
2. Arcadia Proper, Phoenix, AZ
- Known For: Historic luxury, citrus groves, and oversized estates
- Median Household Income: $122,491
- Average Home Price: $2.56 million
Arcadia Proper is not its own city but remains one of Phoenix’s most prestigious and affluent neighborhoods. With oversized lots, mountain views, and mature landscaping, Arcadia offers a lifestyle that rivals independent cities. Its proximity to the Biltmore area and top private schools keeps demand high, and buyers here are often looking for legacy estates and long-term investments.
Explore the Arcadia, AZ real estate market with Kelly Jones—your trusted Arcadia realtor for luxury homes, market insights, and exclusive listings in the 85018 area.
3. Carefree, AZ
- Known For: Artistic community with desert beauty
- Median Household Income: $112,768
- Average Home Price: $1.3 million
Carefree lives up to its name with a relaxed, upscale desert lifestyle. Surrounded by Sonoran vistas and close to nature preserves, this affluent suburb of Phoenix is known for boutique shopping, fine dining, and proximity to Cave Creek Regional Park. Carefree’s housing market continues to rise, with many residents purchasing homes as a retirement retreat or luxury second home.
4. Queen Creek, AZ
- Known For: Small-town charm with upscale growth
- Median Household Income: $104,161
- Average Home Price: ~$600,000 and rising
Once a rural farming town, Queen Creek is one of the top destinations for luxury-minded families. It offers spacious homes, quality schools, and economic opportunity. With its location in both Maricopa and Pinal counties, Queen Creek has emerged as a commuter-friendly suburb with upscale housing and increasing investment from major employers.
5. Gilbert, AZ
- Known For: Eco-conscious living, strong schools, and downtown vibrancy
- Median Household Income: $96,857
- Average Home Price: ~$550,000
Gilbert has transformed into one of Arizona’s leading suburban luxury hubs. Known for its sustainable planning and top-ranked school districts, it’s a magnet for families and professionals. Gilbert also boasts cultural landmarks like the Hale Centre Theatre and nature attractions like the Riparian Preserve at Water Ranch, providing comfort and character.
6. Litchfield Park, AZ
- Known For: Resort-style living, upscale homes, and golf
- Median Household Income: $95,625
- Average Home Price: $1.5 million+
Located in the West Valley, Litchfield Park combines community charm with upscale living. Featuring exclusive golf courses and luxury master-planned developments, it attracts both retirees and young professionals. The area’s well-maintained homes and access to Phoenix make it an appealing and increasingly affluent choice.
7. Scottsdale, AZ
- Known For: Golf, nightlife, art galleries, and spas
- Median Household Income: $91,042
- Average Home Price: $871,609
With world-renowned spas, golf courses, and a booming luxury real estate market, Scottsdale is Arizona’s most vibrant luxury lifestyle destination. Real estate ranges from penthouses in Old Town to sprawling estates in Silverleaf. It’s popular with wealthy snowbirds and full-time residents alike.
If you are interested in buying a home in Scottsdale, Contact Kelly Jones, your trusted Scottsdale realtor, today!
8. Marana, AZ
- Known For: Tech expansion, rapid growth, and affordability
- Median Household Income: $89,689
- Average Home Price: $450,000+
Marana is growing quickly thanks to its location near Tucson and major employers like Raytheon and Amazon: the town’s industrial parks fuel job creation and real estate appreciation. With excellent public schools and a safe environment, it’s one of the top up-and-coming cities for luxury on a budget.
9. Fountain Hills, AZ
- Known For: Signature fountain, scenic views, and festivals
- Median Household Income: $87,080
- Average Home Price: $722,000
Known for one of the world’s tallest fountains, Fountain Hills blends arts, nature, and upscale housing. Its proximity to Scottsdale, relaxed vibe, and lower property taxes make it an appealing choice for semi-retired professionals and young families.
10. Oro Valley, AZ
- Known For: Golf communities, high-end retirement, and health tech
- Median Household Income: $86,863
- Average Home Price: $510,000
A favorite among retirees and tech professionals near Tucson, Oro Valley offers wide open spaces, scenic trails, and sophisticated amenities. Five public golf courses and top healthcare facilities cement its reputation as a lifestyle-focused luxury enclave.
FAQs: Wealthiest Cities in Arizona
Q: What is the richest city in Arizona?
A: Paradise Valley ranks as Arizona’s richest city by median and average household income and home values.
Q: What metrics define Arizona’s wealthiest cities?
A: Median and mean household income, median home values, and annual property tax payments are key indicators.
Q: Are neighborhoods like Arcadia considered cities?
A: Fort Valley and Rio Verde also rank high in average income and home values, despite being smaller Census-designated places.
Q: Are neighborhoods like Arcadia considered cities?
A: Fort Valley and Rio Verde also rank high in average income and home values, despite being smaller Census-designated places.
Final Thoughts
Arizona’s luxury housing market is booming, and backed by hard census data. With cities like Paradise Valley boasting mean household incomes near $400K and property values exceeding $3 million, Arizona continues to attract high-net-worth individuals and families looking for more than just sunshine.
From established luxury enclaves to up-and-coming suburbs, the state’s wealthiest cities offer premium lifestyle options for every buyer profile.
Ready to explore your next move? Kelly Jones is a trusted luxury real estate agent in Scottsdale, AZ, specializing in high-end homes in Paradise Valley, Phoenix, Arcadia, and surrounding areas. Connect with a top realtor in Scottsdale who understands the high-end Arizona market inside and out.