Gold Canyon 60 Below average
Gold Canyon Livability #168 ranked city in Arizona#18,723 ranked city in the USARanks better than 36% of areas

Pros and Cons of Living in Gold Canyon

PROS
  • Crime

    The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.

  • Employment

    This area excels in the employment category with a score well above average, primarily due to the higher median home income, per capita income and low unemployment rates.

  • Housing

    High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.

  • Ratings

    Locals express favorable opinions about the proximity of everyday local amenities, parks, public transit, neighborly atmosphere, strong sense of community and the general safety of the area.

CONS
  • Amenities

    A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.

  • Commute

    Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.

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What's it like Living in Gold Canyon?

Located in the state of Arizona, Gold Canyon is a mid-sized city with a population of 11,875 inhabitants. At 94%, the majority of the Gold Canyon population is White; this is followed by 1% Black and 1% Asian. Gold Canyon is considered to be a city with an aging population. The average age of all residents is 66, which is well beyond the United States median age average. 77% of the people in Gold Canyon (over the age of 15) are married and 7% have kids under the age of eighteen. Knowing that, it’s safe to say that this area could be a great place for other families to lay down roots. The average American spends about 26 minutes on their one way commute to work each day. Lower travel times can increase overall happiness and allow for more time to be spent with family and friends. While living in Gold Canyon, your commute times will be about average, with a one way commute time of 29 minutes.

Are you trying to figure out if living in Gold Canyon is the right fit for your lifestyle? To ensure a fulfilling experience before moving to any new city in Arizona, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. With useful information like cost of living, education, employment and other key data points, finding the best places to live in Gold Canyon and in the areas around Gold Canyon is a much easier task.

Gold Canyon, AZ receives 58/100 for its livability score; this results in a ranking of #184 in Arizona and #19,800 in the USA. This is a poor rating when compared to the average of other places in the country. If we take a closer look at each of the categories on their own, we see that Gold Canyon ranks well for crime (A+), employment (A-) and housing (A-). The bad news for Gold Canyon, there are some categories for which it does not score well, this includes: amenities (F) and education (D).

Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Gold Canyon, the unemployment rate stands at 1.76%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.

Finding affordable real estate and housing in Gold Canyon can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.

Assuming that Gold Canyon meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Gold Canyon. Everything else becomes a lot less important if it turns out that home prices in Gold Canyon are simply unattainable. Median real estate prices in Gold Canyon come in at $297,600, which is 68.2% higher than the Arizona average. The home price to income ratio compares the median home prices to the median household income. In Gold Canyon, the home price to income ratio is 4.1, which is 17.1% higher than the Arizona average.

Best Places to Live in and Around Gold Canyon

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Compare Gold Canyon, AZ Livability

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      Gold Canyon transportation information

      Statistic Gold Canyon Arizona National
      Average one way commute29min25min26min
      Workers who drive to work75.4%76.7%76.4%
      Workers who carpool8.9%10.9%9.3%
      Workers who take public transit0.7%2.0%5.1%
      Workers who bicycle0.4%1.0%0.6%
      Workers who walk1.4%2.0%2.8%
      Working from home12.4%5.7%4.6%
      Source: The Gold Canyon, AZ data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS).