Palisades Park, NJ Profile: Facts & Data

The Borough of Palisades Park had a population of 20,274 as of July 1, 2024. Palisades Park ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in New Jersey. See peer rankings below.

The primary coordinate point for Palisades Park is located at latitude 40.8482 and longitude -73.9976 in Bergen County. The formal boundaries for the Borough of Palisades Park encompass a land area of 1.25 sq. miles and a water area of 0.03 sq. miles. Bergen County is in the Eastern time zone (GMT -5).

The Borough of Palisades Park has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Palisades Park, NJ Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	20,274 (100%)
Population in Households	20,267 (100.0%)
Population in Families	17,049 (84.1%)
Population in Group Quarters¹	7 ( 0.0%)
Population Density	16,365
Diversity Index²	75


INCOME
Median Household Income	$94,649
Average Household Income	$126,431
% of Income for Mortgage⁴	47%
Per Capita Income	$45,936
Wealth Index⁵	92
Socioeconomic Status Index⁶	Low (44.0)

HOUSING
Total HU (Housing Units)	7,723 (100%)
Owner Occupied HU	2,679 (34.7%)
Renter Occupied HU	4,687 (60.7%)
Vacant Housing Units	357 ( 4.6%)
Median Home Value	$710,141
Average Home Value	$730,655
Housing Affordability Index³	45

HOUSEHOLDS
Total Households	7,366
Average Household Size	2.75
Family Households	5,395
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Palisades Park, NJ - Peer Comparisons by Rank and Percentile

The table below compares Palisades Park to the other 700 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.02%	-0.27%
Households	0.17%	0.04%
Families		-0.01%
Median Household Income		2.67%
Per Capita Income		3.20%
Owner Occupied HU		1.79%

Variable Description	Rank	Percentile
Total Population	# 59	92nd
Population Density	# 14	98th
Median Household Income	# 466	34th
Housing Affordability Index	# 71	10th
Per Capita Income	# 496	29th
Diversity Index	# 124	82nd

Palisades Park, NJ Profile: Facts & Data

Palisades Park, New Jersey - Basic Facts

Palisades Park, NJ Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Palisades Park, NJ - Peer Comparisons by Rank and Percentile

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