The Phoenix metro area is home to many rapidly growing, affluent suburbs. However, the wealthiest suburb in the area is Paradise Valley. According to GOBankingRates, this small suburb, with a population of 12,606, ranks as the fifth-wealthiest suburb in the U.S. It has an average household income of $385,643 and a typical home value of $3,449,905. GOBankingRates determined this ranking by examining cities with at least 5,000 households and isolating the top 50 based on the highest average household income, using 2024 typical home values and metro area locations.
Here is the ranking by GoBankingRates.
1. Scarsdale, New York
- Suburb of: New York-Newark-Jersey City, NY-NJ
- Average household income: $568,942
- Typical home value: $1,413,514
2. Rye, New York
- Suburb of: New York-Newark-Jersey City, NY-NJ
- Average household income: $405,074
- Typical home value: $2,119,482
3. West University Place, Texas
- Suburb of: Houston-Sugar Land-Baytown, TX
- Average household income: $403,845
- Typical home value: $1,605,049
4. Los Altos, California
- Suburb of: San Jose-Sunnyvale-Santa Clara, CA
- Average household income: $400,817
- Typical home value: $4,451,059
5. Paradise Valley, Arizona
- Suburb of: Phoenix-Mesa-Glendale, AZ
- Average household income: $385,643
- Typical home value: $3,449,905
