New Jersey · Census place 55770
Palisades Park borough, NJ
Quick answer
Palisades Park borough has 20,192 residents, ranking #56 of 700 places in New Jersey. Median household income is $101,295, the median home is worth $704,400 and median gross rent runs $1,976 a month.
- Population
- 20,192Palisades Park borough residents
- Median household income
- $101,295Past 12 months, inflation adjusted
- Median home value
- $704,400Owner-occupied units
- Median gross rent
- $1,976Rent plus utilities, monthly
- Median age
- 43.2 yrsAll residents
- Homeownership rate
- 37.2%Owner-occupied households
What the numbers mean in Palisades Park borough
Housing cost measured against local earnings.
A household earning the Palisades Park borough median would spend about 23.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 7.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 10% of residents and 37.2% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in New Jersey.
- Elmwood Park borough 21,287
- Pleasantville city 20,604
- Morristown town 20,256
- Woodbridge CDP 20,086
- Harrison town 19,599
- Hawthorne borough 19,472
- Tinton Falls borough 19,252
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