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Palisades Park, NJ&

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Population
20,499
0.66% growth
Median Age
39.5
Median Household Income
$63,266
2.26% decline
Poverty Rate
11.2%
Number of Employees
11,200
1.4% growth
Median Property Value
$506,000
1.36% decline

Economy

The economy of Palisades Park, NJ employs 11,200 people. The economy of Palisades Park, NJ is specialized in Other services, except public administration; Wholesale trade; and Professional, Scientific, Tech Services, which employ respectively 2.27; 1.67; and 1.38 times more people than what would be expected in a location of this size. The largest industries in Palisades Park, NJ are Retail trade (1,704), Other services, except public administration (1,260), and Healthcare & Social Assistance (1,165), and the highest paying industries are Finance & Insurance ($75,859), Professional, Scientific, Tech Services ($64,890), and Real Estate, Rental & Leasing ($50,764).

Median household income in Palisades Park, NJ is $63,266. Males in Palisades Park, NJ have an average income that is 1.45 times higher than the average income of females, which is $62,705. The income inequality of Palisades Park, NJ (measured using the Gini index) is 0.492 which is higher than the national average.

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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Palisades Park, NJ. In Bergen County, NJ the age groups most likely to have health care coverage are 6-17 and 45-54, men and women, respectively. The location has a 1 to 124 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $10,636. Essex County, NJ has the highest prevalence of homicides of any county in New Jersey.

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Clinician to Patient Rates

The closest comparable data for the census place of Palisades Park, NJ is from the county of Bergen County, NJ.

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Diversity

Palisades Park, NJ is home to a population of 20,499 people, from which 64.8% are citizens. The ethnic composition of the population of Palisades Park, NJ is composed of 11,712 Asian residents (57.1%), 4,225 Hispanic residents (20.6%), 3,707 White residents (18.1%), 388 Two+ residents (1.89%), and 355 Black residents (1.73%). The most common foreign languages in Palisades Park, NJ are Korean (8,659 speakers), Spanish (3,246 speakers), and Chinese (620 speakers), but compared to other places, Palisades Park, NJ has a relative high number of Korean (8,659 speakers), Greek (321 speakers), and Armenian (165 speakers).

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Education

In 2015 universities in New York-Newark-Jersey City, NY-NJ-PA Metro Area awarded 278,917 degrees. The student population of New York-Newark-Jersey City, NY-NJ-PA Metro Area is skewed towards females, with 109,518 male students and 169,399 female students. Most students in New York-Newark-Jersey City, NY-NJ-PA Metro Area are White (111,571 and 40%), followed by Hispanic or Latino (49,278 and 17.7%), Black or African American (40,570 and 14.5%), and Asian (27,562 and 9.9%). The largest universities in New York-Newark-Jersey City, NY-NJ-PA Metro Area by number of graduates are New York University (16,286 and 5.84%), Columbia University in the City of New York (12,510 and 4.49%), and Rutgers University-New Brunswick (11,798 and 4.23%). The most popular majors in New York-Newark-Jersey City, NY-NJ-PA Metro Area are General Psychology (8,902 and 3.19%), General Business Administration & Management (6,740 and 2.42%), and Registered Nursing (5,077 and 1.82%). The median tuition costs in New York-Newark-Jersey City, NY-NJ-PA Metro Area are $38,162 for private four year colleges, and $6,470 and $14,521 respectively, for public four year colleges for in-state students and out-of-state students.

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Housing & Living

The median property value in Palisades Park, NJ is $506,000, which is 2.47 times larger than the national average of $205,000. Between 2015 and 2016 the median property value decreased from $513,000 to $506,000, a 1.36% increase. The homeownership rate of Palisades Park, NJ is 32.6%, which is lower than the national average of 63.6%. People in Palisades Park, NJ have an average commute time of 31.6 minutes, and they commute by Drove Alone. Car ownership in Palisades Park, NJ is approximately the same as the national average, with an average of 2 cars per household.

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Keep Exploring

United States
nation
New Jersey
state
Bergen County, NJ
county
New York-Newark-Jersey City, NY-NJ-PA Metro Area
metropolitan statistical area
Fort Lee, Cliffside Park & Palisades Park Boroughs PUMA, NJ
public use microdata area
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