Cost of Living in Paradise Valley, NV
Population: 208 | Nevada
Paradise Valley is 16% less expensive than the national average.
Cost of Living in Paradise Valley, NV: What You Need to Know
With a cost of living index of 84, Paradise Valley, NV is a very affordable place to live. Living here is 16% cheaper than the national average and 25% below the Nevada state average of 109. Paradise Valley is a small community of 208 residents.
The median household income in Paradise Valley is $140,792, which is 87% higher than the national median of $75,149.
Climate is another factor for anyone considering a move to Paradise Valley. The area sees an average annual temperature of 50.6°F, with summers averaging 71°F and winters around 33°F. Annual rainfall totals 8.3 inches spread over roughly 70 days.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $140,792
- vs US Median ($75,149)
- +87%
Housing
- Median Home Value
- $118,300
- Median Monthly Housing Cost
- $237/mo
Climate in Paradise Valley
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 44 | 49 | 58 | 64 | 74 | 85 | 96 | 93 | 83 | 69 | 54 | 43 |
| Avg °F | 32 | 37 | 43 | 48 | 56 | 65 | 75 | 72 | 62 | 49 | 39 | 31 |
| Low °F | 21 | 24 | 28 | 32 | 39 | 46 | 54 | 50 | 41 | 30 | 23 | 19 |
| Rain" | 1.0 | 0.7 | 0.9 | 1.0 | 1.1 | 0.5 | 0.2 | 0.1 | 0.4 | 0.7 | 0.8 | 1.0 |