Palisades Park, NJ
Population 20,192 · New Jersey
About Palisades Park, NJ
Palisades Park is a mid-sized city in New Jersey with a population of 20,192 residents. The median household income is $101,295 per year, which is above the national average. The median age in Palisades Park is 43.2 years.
Housing in Palisades Park has a median home value of $704,400 and median monthly rent of $1,976. Of the 7,612 total housing units, renting is more common than owning, with 2,740 owner-occupied and 4,635 renter-occupied units.
The unemployment rate in Palisades Park is 5.4% and the poverty rate is 10.0%. 53.7% of residents hold a bachelor's degree or higher. The average commute time is 32.1 minutes.
Cost of Living in Palisades Park, NJ
Compared to national averages, Palisades Park has a median household income of $101,295 (35% above the national median of $75,149). Home values average $704,400, which is 188% above the national median. Monthly rent at $1,976 is 70% above the US average of $1,163. Within New Jersey, Palisades Park's income is 12% below the state average of $115,667, and home values are 50% above the state median of $469,644.
Why Live in Palisades Park, NJ?
Palisades Park offers a strong local economy with a median household income of $101,295, well above the national average, and a well-educated community where 53.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 10.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $704,400. However, Palisades Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Palisades Park has a population of 20,192 with a median age of 43.2 years. Compare Palisades Park with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Palisades Park
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Morristown | 20,256 | $115,409 | $552,800 | Compare |
| Woodbridge | 20,086 | $99,718 | $361,200 | Compare |
| Pleasantville | 20,604 | $52,403 | $177,700 | Compare |
| Harrison | 19,599 | $82,290 | $450,800 | Compare |
| Hawthorne | 19,472 | $118,093 | $499,200 | Compare |
| Tinton Falls | 19,252 | $113,844 | $458,300 | Compare |
| Point Pleasant | 19,158 | $108,713 | $523,400 | Compare |
| Iselin | 19,151 | $112,615 | $394,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Palisades Park
What is the population of Palisades Park, NJ?
The population of Palisades Park, NJ is 20,192 according to the latest Census data.
What is the median household income in Palisades Park?
The median household income in Palisades Park, NJ is $101,295 per year.
What is the median home value in Palisades Park?
The median home value in Palisades Park, NJ is $704,400.
What is the average rent in Palisades Park?
The median monthly rent in Palisades Park, NJ is $1,976.
What is the unemployment rate in Palisades Park?
The unemployment rate in Palisades Park, NJ is 5.4%.