Living in Palisades Park, New Jersey
Cost of living, income, home prices, rent and demographics of Palisades Park · Census data 2020–2024
Palisades Park has 20,290 residents with a median age of 42.9. The median household income is $94,743 (9% lower than the New Jersey median), the median home value is $719,600, the median rent is $2,009/month.
Palisades Park at a glance
- Population
- 20,290
- Median age
- 42.9State: 40.1
- Median household income
- $94,743State: $103,556
- Median home value
- $719,600State: $454,400
- Median rent
- $2,009/moState: $1,720
- Homeowners
- 35.5%
- Bachelor's degree or higher
- 51%
- Average commute
- 31 min
Is Palisades Park a good place to live?
Pros: Unemployment of 5.6%; a poverty rate of 9.4%.
Cons: Median household income 9% lower than the New Jersey median; home values 58% higher than the state median; an average commute of 31 minutes.
The weather is best in May–June and August–September.
Cost of living in Palisades Park
Housing is the biggest part of the cost of living. In Palisades Park the median home value is $719,600, 116% higher than the U.S. median. Renters pay a median of $2,009 per month, which is 31.6% of household income. Homeowners with a mortgage pay $3,535 a month in housing costs.
Palisades Park median household income
The median household income in Palisades Park is $94,743 and the income per person is $46,914. 9.4% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Palisades Park: homes for sale and rent
- Housing units
- 7,614
- Owner-occupied
- 35.5%
- Renter-occupied
- 64.5%
- Vacant
- 1.9%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 2.71
Palisades Park demographics
- Population
- 20,290
- Median age
- 42.9
- Under 18
- 14.6%
- 65 and older
- 18.6%
- Households
- 7,472
- Foreign-born
- 59.3%
- Veterans
- 3.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Palisades Park ›
Education in Palisades Park
51% of adults 25 and older in Palisades Park have a bachelor's degree or higher (New Jersey: 43.6%), and 12.9% have a graduate or professional degree.
Jobs and commute in Palisades Park
- Unemployment rate
- 5.6%State: 6.3%
- Average commute
- 31 minState: 31 min
- Work from home
- 12.6%
- Drive alone
- 54.9%
- Public transit
- 14.1%
- Walk to work
- 1.9%
- Homes with broadband
- 92.7%
Palisades Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Palisades Park | 20,290 | $94,743 | $719,600 | $2,009 |
| Leonia | 9,336 | $129,665 | $672,900 | $2,073 |
| Ridgefield Park | 13,235 | $100,718 | $496,700 | $1,731 |
| Fort Lee | 40,067 | $107,274 | $448,000 | $2,270 |
| Ridgefield | 11,498 | $118,059 | $646,200 | $2,095 |
| Cliffside Park | 25,781 | $93,452 | $588,200 | $1,837 |
| Fairview | 15,099 | $63,606 | $511,400 | $1,694 |
| Little Ferry | 10,996 | $85,750 | $429,300 | $1,783 |
| Edgewater | 14,759 | $124,050 | $715,700 | $2,579 |
More for people moving to Palisades Park
Palisades Park ZIP code ›Weather and climate ›Living in Palisades Park: FAQ
What is the median household income in Palisades Park, NJ?
The median household income in Palisades Park is $94,743, 9% lower than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Palisades Park?
The median home value in Palisades Park is $719,600, compared with $454,400 in New Jersey.
How much is rent in Palisades Park?
The median gross rent in Palisades Park is $2,009 per month, about 31.6% of household income.
Is Palisades Park, NJ a good place to live?
Pluses: unemployment of 5.6%; a poverty rate of 9.4%. Minuses: median household income 9% lower than the New Jersey median; home values 58% higher than the state median; an average commute of 31 minutes.
What is the median age in Palisades Park?
The median age in Palisades Park is 42.9 years (New Jersey: 40.1).
How long is the commute in Palisades Park?
The average commute to work in Palisades Park is 31 minutes; 12.6% of workers work from home.
What is the unemployment rate in Palisades Park?
The unemployment rate in Palisades Park is 5.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Palisades Park?
51% of adults in Palisades Park have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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