Palisades Park is a medium-sized borough located in the state of New Jersey. With a population of 20,102 people and four associated neighborhoods, Palisades Park is the 96th largest community in New Jersey. There's nothing like the smell of a brand new house, and in Palisades Park, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Palisades Park, and putting down their money on brand new construction. Palisades Park’s real estate is, on average, some of the newest in the nation. Palisades Park does seem to be experiencing an influx of affluent people, because 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.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.47% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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.

One downside of living in Palisades Park, however, is that residents on average have to contend with a long commute, spending on average 31.98 minutes every day commuting to work. However, local public transit is widely used. For those who would prefer to avoid driving entirely and leave their car at home, it may be an option to use the transit instead.

Although the majority of commuting trips in the borough are by private automobile, Palisades Park is somewhat unusual for a borough of its size for having a substantial number of people who use public transportation. For a lot of people, the bus helps to get to and from their jobs every morning, which benefits everyone in the Palisades Park area by reducing both traffic and air pollution.

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.

Foreign born people are also an important part of Palisades Park's cultural character, accounting for 60.18% of the borough’s population.

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