PHOENIX — An annual ranking has identified the “richest towns” in America.
Among a Bloomberg list that contains mostly coastal states and localities, Paradise Valley ranked as the 14th most affluent town in the country.
Rankings were determined by average household income.
The Phoenix suburb ranked one spot behind Bronxville, New York, and one spot ahead of Larchmont, New York.
Moving up six spots from last year’s list, Paradise Valley had an average household income of roughly $328,000.