salaryRent here is among the highest 10% in the country. A typical house costs about 7.0 years of household income, so buying is hard for most locals. Commutes are long, about 30.7 minutes each way. Most households rent (65%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $115,120 a year. That is $55 an hour at a full-time job.
Is rent cheaper than other New Jersey cities?
No. Rent here is more expensive than in most of New Jersey. It is number 232 of 291 cities from cheapest to most expensive.
How much do households earn in Palisades Park?
Share of households by yearly income. 37.5% of households earn $100,000 or more.
Rent by apartment size in Palisades Park
| Size | Palisades Park | U.S. average |
|---|---|---|
| Studio | $1,663 | $1,338 |
| 1 bedroom | $1,778 | $1,324 |
| 2 bedrooms | $2,336 | $1,509 |
| 3 bedrooms | $3,085 | $1,698 |
| 4 bedrooms | $3,058 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Palisades Park overall?
Everyday prices in New Jersey overall are 9% above the U.S. average (index 108.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Palisades Park, so the New Jersey figure is shown.
Taxes and bills in Palisades Park
Life in Palisades Park
Is it cheaper to rent or buy in Palisades Park?
Renting is cheaper right now: about $2,115 a month less.
Owning assumes a typical $719,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $71,960 for the down payment.
Frequently asked questions
What is the average rent in Palisades Park, NJ?
Renting in Palisades Park costs a median of about $2,878 a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Palisades Park?
To keep rent under 30% of income, you need about $115,120 a year, or $55 an hour at a full-time job.
Is Palisades Park cheap or expensive?
Palisades Park is rated Expensive: rent takes 33.8% of the typical household income of $102,180. It ranks 232nd cheapest of 291 New Jersey cities we track.
How much are property taxes in Palisades Park?
The median homeowner in Palisades Park pays $10,000+ a year in property taxes, about 1.39% of the median home value.
Is Palisades Park more expensive than the national average?
Overall prices in New Jersey are 9% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Palisades Park?
The median home value in Palisades Park is $719,600, about 7.0 times the typical yearly household income.
20,290 people live in Palisades Park. Numbers are typical (middle) values.