We’re all aware of the fact that Arizona is home to some of the most beautiful landscapes on earth. It’s also home to some of the richest places in America — which may surprise you!
Over the past decade, Arizona has ranked in the top 5 fastest-growing states.
Tucson and Phoenix offer a wide range of industries including manufacturing, transportation, aerospace, high-tech computer systems, medical devices and instruments, consumer goods, renewable energy products, and services.
These cities are home to the Fortune 1000 companies Honeywell and Apollo Education Group.
Another reason why thousands of people relocate to Arizona every year includes the low cost of living, mild winters, and beautiful weather year-round.
The 10 Richest Cities in Arizona
Arizona is home to some of the wealthiest cities in the United States. Booming real estate values, corporate relocation, and a thirst for economic opportunity have made most of the cities in Arizona ripe with financial growth, global investment opportunities, and exceptional quality of life.
If you’re thinking about relocating or making money in the United States, then Arizona is a great place to start.
But just where should you be looking to relocate?
While everyone has different preferences in where they want to live, some great areas offer the best of both worlds — an affordable cost of living with great employment opportunities.
Here is a list of Arizona’s wealthiest cities based on household income:
1. Paradise Valley — Median Income of $212,773
Paradise Valley is one of the wealthiest cities in Arizona with a median household income of $212,773.
The real estate is pricey too, the average home price in Paradise Valley is $3,019,574.
The town is bordered by Phoenix to the west and Scottsdale to the east and is known for its luxury golf resorts, shopping, and dining.
In addition to lots of money and awesome weather (360 days of sunshine per year).
It has a population of about 15,186 and it’s known for its quiet atmosphere and luxury resorts, and as a result, many wealthy retirees and celebrities choose to live there
The small town is also very popular with retirees and tourists due to its proximity to Scottsdale and its many upscale resorts, golf courses, and spas.
Paradise Valley is also known for its wide array of restaurants, bars, and shopping opportunities.
2. Queen Creek — Median Income of $104,161
Queen Creek is located about 25 miles southeast of Phoenix and it is part of the Phoenix metropolitan area.
The town’s median household income is higher than the state average by over $42,632 making it one of the wealthiest places to live in Arizona.
Queen Creek is also more affordable than many other cities and towns in Arizona with housing that is nearly $100,000 less than the state average.
The town is home to several master-planned communities, including Encanterra, an age-restricted luxury community that includes a golf course and country club.
The town is banking on high-tech industries for future development.
The town has attracted a number of semiconductor manufacturers who build their products in Chandler and ship them out through the nearby Phoenix-Mesa Gateway Airport, which is about 20 minutes away in Mesa.
Related: The 10 Wealthiest Cities In Maryland
3. Gilbert — Median Income of $99,154
This suburb east of Phoenix has been consistently ranked as one of the “best places to live in America”.
With a population of just over 267,918 people, Gilbert is known for its small-town feel despite being one of the largest suburbs in the country.
The town has won numerous awards for its safety, family-friendliness, and overall quality of life. Gilbert has a lot of opportunities for kids to participate in athletics or other extracurricular activities.
The town has many parks and pools where families can go and spend time together. It is a very safe place to live; it has a low crime rate compared to other cities in Arizona.
4. Litchfield Park — Median Income of $95,625
Litchfield Park is an affluent city in the northwest Valley. It is one of the wealthiest cities in Arizona with a population of about 6,000.
It’s located in Maricopa County and is known for its upscale homes, golf courses, and beautiful eating establishments. Litchfield Park real estate market is one of the most expensive in Arizona, with housing prices reaching close to $400,000.
5. Catalina Foothills — Median Income of $92,929
Catalina Foothills is one of the wealthiest cities in Arizona with an annual household income of $92,929, more than twice the state average.
It is also considered to be one of the top 10 safest places to live in Arizona. The city has a large number of retirees and older residents overall, many of whom moved there to enjoy golfing, hiking, or other outdoor activities.
The community’s main economic sectors are health care and social assistance, retail trade, educational services, and arts and entertainment.
Catalina Foothills is a popular retirement community because of the beautiful weather, shopping, and entertainment that is nearby. Many of the residents work within the city limits or are retired.
6. Scottsdale — Median Income of $91,042
The city also has a low unemployment rate of 4.7 percent as of January 2022 and an extremely low percentage of residents living in poverty at 6.8 percent.
The city is home to world-class golf courses and resorts, high-end shopping and dining, as well as popular tourist attractions such as Taliesin West, the home and studio of renowned architect Frank Lloyd Wright.
The city is largely divided into two sections; Old Town and North Scottsdale. Old Town Scottsdale has a long history as the center of town, with a quaint downtown area right off Main Street.
This area is known for its artsy vibe and unique restaurants. There are also many resorts in this section, including the iconic Hotel Valley Ho and Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch.
North Scottsdale is where you will find most of the high-end homes and shopping centers, such as Kierland Commons and Scottsdale Quarter.
In this section, you will find many restaurants on Shea Boulevard (including some great Mexican food), as well as upscale shopping at Fashion Square Mall on Camelback Road.”
7. Marana — Median Income of $89,689
Marana is one of the wealthiest towns in Arizona with a median household income of $89,689 and an average household net worth of $400,000.
The town has experienced rapid growth, as evidenced by its booming real estate market.
Many of Marana’s new residents work at the town’s industrial parks which include companies like Raytheon and Amazon, whose fulfillment center is the largest building in the world.
The public schools in Marana are above average, which is great for growing families. The city of Marana has been ranked as one of the safest cities to live in Arizona.
The most popular attractions in Marana include the Titan Missile Museum and Saguaro National Park.
There are many museums in Marana, which attract a large number of visitors every year. The Titan Missile Museum is one of the most popular museums in Arizona due to its historical significance as well as its proximity to other attractions like Saguaro National Park.
8. Fountain Hills — Median Income of $87,080
Fountain Hills is one of the wealthiest towns in Arizona with a median household income of $87,080. The town has a large number of master-planned communities and therefore, many homes available for rent.
This low-density suburbia is perfect for families looking to live in a quiet community. Crime rates in Fountain Hills are especially low, with the town having reported just four violent crimes and 86 property crimes in 2018.
The most interesting thing about Fountain Hills is the town’s fountain. Its streams can reach as high as 560 feet in the air, though they are turned off during times of water conservation.
The world’s tallest fountain is a popular tourist attraction that residents enjoy showing off to visitors. In addition to being a popular retirement community, Fountain Hills is also home to many beautiful homes and golf courses.
9. Oro Valley — Median Income of $86,863
Oro Valley is one of the wealthiest towns in Arizona with a median household income of $86,863. It’s not surprising that this growing community built around golf has attracted a number of high-end golf course communities and retirement communities.
The town is made up of a number of villages, each with its own unique atmosphere.
Because it’s located northwest of Tucson, Oro Valley offers residents easy access to Interstate 10 and a relatively short commute to downtown Tucson or Marana.
The town also boasts five public golf courses as well as numerous hiking trails and recreational opportunities at Catalina State Park and the Pusch Ridge Wilderness Area.
10. Chandler — Median Income of $85,796
This town has an average home cost of $520,493 and a cost of living 10% higher than the national average. Chandler is one of the fastest-growing cities in America due to its proximity to Phoenix and its economic revitalization.
Residents can enjoy plenty of outdoor activities like hiking, fishing, golfing, and camping at local state parks. Other places to visit include Desert Breeze Railroad and Chandler Museum.
Geographically speaking, Chandler is located in Maricopa County, Arizona. Approximately 252,692 (2019) people live here.