Wonder Where The Valley’s Money Lives? Here are the Wealthiest ZIP Codes
How does the town of Paradise Valley, the majority inhabitant of ZIP Code 85253, wind up ranked No. 1 for Maricopa County year after year in the Wealthiest ZIP Codes list produced by map maker/economic analyst Esri of Redlands, California?
This year’s edition of the list, published today in the Phoenix Business Journal, shows that the average net worth for 85253 residents is nearly $2.8 million. Last year, the average net worth was $2.1 million, and the year before that, $1.5 million. They’re keeping up with inflation.
The Esri wealth rankings are proprietary and involve more than one factor. According to this year’s list, the average 85253 house is worth slightly over $1 million, and median annual disposible income is $102,000. The totals for the 85262 and 85255 ZIP Codes, both in North Scottsdale, are close but not quite there. Those two ZIP Codes are ranked second and third in this year’s list.
See the full list courtesy of Phoenix Business Journal here.