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Palisades Park borough, New Jersey Demographics & Population 2026

As of 2026, Palisades Park borough, New Jersey has a total population of 20,192, the 56th largest city in New Jersey, with a median household income of $101,295, which is about average than the state average. The poverty rate is 10.0%.

Palisades Park borough Quick Facts

Population 20,192
Median Household Income $101,295
Median Home Value $704,400
Poverty Rate 10.0%
Unemployment Rate 5.4%
Median Age 43.2 years
Homeownership Rate 37.1%
Affordability Ratio 7.0x
Bachelor's Degree or Higher 53.7%
High School Graduation Rate 90.4%
Diversity Index 61/100
Population 20,192 56th of 700
Median Income $101,295 average
Poverty Rate 10.0% 20% lower national
Median Home Value $704,400 top 20%

How Palisades Park borough Compares

Economy & Housing

Employment

5.4% Unemployment Rate State: 6.2% | National: 5.2%
69.2% Labor Force Participation

Housing Overview

Owner 37.1%
Renter 62.9%
Affordability Index Very Expensive
7.0x home value to income ratio

People & Demographics

Diversity Index

61out of 100
High Diversity

A diverse community with significant representation from multiple racial and ethnic groups.

State average: 65 | National average: 60

Education

Palisades Park borough Rankings in New Jersey

#56 Population of 700
#373 Median Income of 700
#231 Education of 700
#98 Home Value of 700

Other Cities in Bergen County

CityPopulationMedian IncomePovertyHome Value
Hackensack city 45,768 $82,212 11.3% $370,300
Fort Lee borough 39,818 $105,535 8.4% $422,200
Fair Lawn borough 35,153 $147,952 6.1% $532,700
Garfield city 32,502 $75,701 14.2% $454,300
Englewood city 29,342 $101,398 9.8% $497,500
Bergenfield borough 28,269 $124,083 6.1% $469,200
Paramus borough 26,500 $139,707 5.5% $736,000
Ridgewood village 26,076 $217,250 3.7% $882,700
Lodi borough 25,946 $84,570 16.0% $449,200
Cliffside Park borough 25,580 $94,960 11.3% $577,200

Cities Similar to Palisades Park borough

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Woodbridge CDP20,086$99,718$361,20034.3%7.3%
Elmwood Park borough21,287$100,852$456,00035.7%10.0%
Morristown town20,256$115,409$552,80057.5%9.2%
Parsippany CDP21,869$102,152$540,80060.0%5.9%
Point Pleasant borough19,158$108,713$523,40048.5%3.8%

Population Overview

Palisades Park borough is a small city located in New Jersey, within Bergen County. The total population is 20,192. It ranks as the 56th most populous out of 700 cities and towns in New Jersey.

Age Demographics

The median age in Palisades Park borough is 43.2 years. This is 8% higher than the state median of 40.1 years. Only 13.4% of residents are under 18, indicating fewer families with children.

Economy, Income & Housing

The median household income in Palisades Park borough is $101,295. This is about average than the state median of $101,050. Compared to the national median of $78,538, household income here is 29% higher. The poverty rate stands at 10.0%. This is 2% higher than the state poverty rate of 9.8%. The unemployment rate is 5.4%. This is 12% lower than the state rate of 6.2%. The median home value is $704,400. Housing costs are 65% higher than the state median of $427,600. The home-value-to-income ratio of 7.0x suggests that housing affordability is a significant concern for many residents. 37.1% of occupied housing units are owner-occupied. This homeownership rate is 42% lower than the state average of 63.7%.

Race & Ethnicity

The largest racial or ethnic group in Palisades Park borough is Asian, making up 54.8% of the population. Hispanic or Latino residents account for 23.9%. The White (non-Hispanic) population (17.9%) is well below the state average of 51.9%. The Black or African American population (2.6%) is well below the state average of 12.3%. The Asian population is significantly higher than the state average (54.8% vs 9.8%).

Education

53.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 25% higher than the state rate of 42.9%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 90.4%.

Data Sources & Methodology

All demographic data for Palisades Park borough, New Jersey is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against New Jersey state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 700 Census-designated places in New Jersey. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Palisades Park borough, New Jersey?

Palisades Park borough, New Jersey has a population of 20,192 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Palisades Park borough, NJ?

The median household income in Palisades Park borough is $101,295, which is 29% higher the national median of $78,538.

What is the poverty rate in Palisades Park borough, NJ?

The poverty rate in Palisades Park borough is 10.0%. This means approximately 2,017 residents live below the federal poverty line.

What is the racial makeup of Palisades Park borough, New Jersey?

Palisades Park borough's population is 17.9% White, 2.6% Black, 23.9% Hispanic/Latino, and 54.8% Asian.

What is the median home value in Palisades Park borough, NJ?

The median home value in Palisades Park borough is $704,400. The home-value-to-income ratio is 7.0x.

How educated is Palisades Park borough, New Jersey?

53.7% of adults (25+) in Palisades Park borough hold a bachelor's degree or higher, and 13.7% hold a graduate or professional degree.