Paradise Valley has the 2042nd largest population in the United States. The population grew by 8.9% from 2010 to 2015, which was faster than the national average. Paradise Valley is part of the Phoenix metro area. Unemployment in the Phoenix area is 4%, which is higher than the national average, and is getting better. Phoenix has the 16th largest local economy in the US, and a high cost of living. The average pay for jobs in Paradise Valley is below average at $46,700, and the median cost of a home in Paradise Valley is over $1,000,000, which is above the national average. 70% of workers in Paradise Valley hold a bachelors degree or higher (above average), and 97% of workers have a high school degree (above average). Driving to work is especially common in Paradise Valley. 76% of Paradise Valley workers drive to work alone, 2% take public transit, 11% carpool, and 9% walk. People in Paradise Valley spend an average of 20 minutes commuting to work, which is shorter than the national average of 26 minutes.