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The total population of Palisades Park is estimated to be 20,231 with 9,413 males (46.53%) and 10,818 females (53.47%). There are 1,405 more females than males in Palisades Park.
The median household income in Palisades Park was $82,470 in 2021, which marked an a decrease of 7,120(7.95%) from $89,590 in 2020. This income is 110.54% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Palisades Park sees its highest median household income among householders in the age group of 25 to 44 years old, at $91,030. Overall, the median household income for the borough of Palisades Park stands at $82,470.
In Palisades Park, the median income for all workers aged 15 years and older, regardless of work hours, was $43,687 for males and $34,462 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $57,507 for males and $56,214 for females.
In Palisades Park, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, Asian households have the highest median household income at $91,782, while Some Other Race households represent the opposite end with the lowest median household income of $50,217.
In 2022, the population of Palisades Park was 20,106, a 0.24% decrease year-by-year from 2021. Previously, in 2021, Palisades Park's population was 20,155, a decline of 0.60% compared to a population of 20,277 in 2020.
The median age in Palisades Park, NJ is 40.9, as per 2021 ACS 5-Year Estimates. Of the total population, 11.16% were under the age of 15, 21.68% aged 15 to 29, 51.38% aged 30 to 64, 13.84% aged 65 to 84, and 1.94% were 85 years of age and older.
Racial distribution of Palisades Park population: 27.72% are White, 1.85% are Black or African American, 0.24% are American Indian and Alaska Native, 58.73% are Asian, 0.14% are Native Hawaiian and other Pacific Islander, 6.29% are some other race and 5.03% are multiracial.