This poster describes significant aspects of Paradise’s economy, primarily statistics about income and income sources, as well as major employers in the town.
On the positive side, the cost of living in Paradise is approximately a third less than in California as a whole, housing prices are about half ($200,000 versus $400,000), and the rate of owner-occupied housing is higher (nearly 70% versus 54%). On the negative side, however, Paradise residents earn less than California and US residents: average household incomes are some $15,000 less than the state’s, and $7,000 less than the country’s. One part of this income disparity can be explained by the high percentage of older residents and the number of residents on social security.
The leading employment sectors in Paradise are in healthcare and social assistance (some 25% of the total), retail (about 13%), and education (about 8%).
Chen, Ali and Angell, Killian, "Economy: Life in Paradise" (2019). Research. 4.