Corona de Tucson, Vail, Litchfield Park: These cities aren’t just some of the best places to live in Arizona. They are also home to some of the richest people in the Grand Canyon State.
Corona de Tucson in particular houses the richest residents in the state thanks, in part, to a median household income of $90,264 and a ridiculously low poverty rate of 2.0%.
If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in Arizona share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.
After analyzing Census data from the 2010-2014 American Community Survey for the 94 places in Arizona with more than 5,000 people, we were left with this set of the ten richest places in the Grand Canyon State:
- Corona De Tucson
- Litchfield Park
- Doney Park
- Queen Creek
- Paradise Valley
- Tanque Verde
For more on how we calculated the top ten, read on or skip to the end for the full list. Oh, and the poorest place in Arizona? That would be South Tucson.
How We Determined The Richest Places In Arizona
The first thing that comes to most people’s minds when they think about determining the richest places is simply how much people earn. After all, rich people have really high salaries.
However, we don’t think that one statistic wholly encompasses what it means to be one of the “richest places”. So we looked at this set of criteria from the 2010-2014 American Community Survey:
- Poverty Level
- Median Household Income
- Unemployment Rate
Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.
After we collected the data for all 94 places with more than 5,000 people in Arizona, we ranked each place from 1 to 94 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a “Rich Score” with the place having the lowest overall Rich Score, Corona de Tucson, crowned the “Richest Place In Arizona”.
You can learn more about the top ten below or skip to the end to see the rankings for all 94 places.
1. Corona De Tucson
Population: 7,172 Median Income: 9026400.0%
Poverty Level: 2.0%
Unemployment Rate: 5.6%
Population: 10,764 Median Income: 8293500.0%
Poverty Level: 6.2%
Unemployment Rate: 2.8%
3. Litchfield Park
Population: 5,122Median Income: 7629000.0%
Poverty Level: 3.6%
Unemployment Rate: 3.2%
4. Doney Park
Population: 5,860 Median Income: 8130700.0%
Poverty Level: 6.4%
Unemployment Rate: 2.9%
5. Queen Creek
Population: 28,529Median Income: 8380900.0%
Poverty Level: 6.7%
Unemployment Rate: 4.2%
6. Paradise Valley
Population: 13,243Median Income: 13409700.0%
Poverty Level: 8.6%
Unemployment Rate: 3.3%
Population: 223,131Median Income: 8148500.0%
Poverty Level: 6.4%
Unemployment Rate: 6.3%
Population: 23,995 Median Income: 7935100.0%
Poverty Level: 3.9%
Unemployment Rate: 7.1%
Population: 26,441Median Income: 6518300.0%
Poverty Level: 5.0%
Unemployment Rate: 3.8%
10. Tanque Verde
Population: 16,411 Median Income: 9501900.0%
Poverty Level: 6.4%
Unemployment Rate: 7.3%
There You Have It – The Richest Places In Arizona
Like we said earlier, when we set out to identify the richest places in Arizona, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in Arizona. When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you’re curious enough, here are the poorest cities in AZ, according to data:
Poorest: South Tucson
2nd Poorest: New Kingman-Butler
3rd Poorest: Eloy
For more Arizona reading , check out:
- This Awesome Time Lapse Of The Arizona Desert Will Make Your Day
- These Are The 10 Most Dangerous Cities In Arizona
- These Are The 10 Drunkest Cities In Arizona
Detailed List Of Richest Places In Arizona
|Corona de Tucson||1|
|San Tan Valley||31|
|Sun City West||32|
|Sierra Vista Southeast||40|
|Village of Oak Creek (Big Park)||46|
|Lake Havasu City||60|