Palisades Park is a medium-sized borough located in the state of New Jersey. With a population of 20,106 people and four associated neighborhoods, Palisades Park is the 96th largest community in New Jersey. Palisades Park has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Palisades Park, where the median household income is $93,250.00.

Palisades Park home prices are not only among the most expensive in New Jersey, but Palisades Park real estate also consistently ranks among the most expensive in America.

Also of interest is that Palisades Park has more people living here who work in computers and math than 95% of the places in the US.

A relatively large number of people in Palisades Park telecommute to their jobs. Overall, about 8.47% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Palisades Park, while not large, also appears to be attractive to some younger, educated professionals, who help shape the character of the borough.

In Palisades Park, however, the average commute to work is quite long. On average, people spend 31.98 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit.

For the size of the borough, public transportation in Palisades Park is quite heavily used. Mostly, people who use it for their daily commute are taking the bus. For Palisades Park, the benefits are reduced air pollution and congestion on the highways.

Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Palisades Park. 54.76% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.

The per capita income in Palisades Park in 2022 was $42,538, which is lower middle income relative to New Jersey, and upper middle income relative to the rest of the US. This equates to an annual income of $170,152 for a family of four. However, Palisades Park contains both very wealthy and poor people as well.

Palisades Park is an extremely ethnically-diverse borough. The people who call Palisades Park home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Palisades Park residents report their race to be Asian, followed by White. Palisades Park also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 18.65% of the borough’s residents. Important ancestries of people in Palisades Park include Italian, Irish, German, French, and Dutch.

Palisades Park also has a high percentage of its population that was born in another country: 60.18%.

The most common language spoken in Palisades Park is Korean. Other important languages spoken here include English and Spanish.