Is Palisades Park, New Jersey a Good Place To Live? - Living In Palisades Park, NJ

Is Palisades Park, New Jersey a good place to live?
Palisades Park is a city in New Jersey state in USA with a population of 20693 residents.. The poverty rate of Palisades Park is 12.8%, which is 9% lower than national average. The typical household in Palisades Park earns $79063 a year, compared to the national median of $67,500. Nearly 35% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Palisades Park, only 90% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Palisades Park remained 4.9%, which is 4% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Palisades Park, only 51% of adults have a bachelor's degree and 18% have some college but no degree.

Cost of living in Palisades Park is 162, which is 62% higher than national average. Median home value in Palisades Park is $577900 , which is 151% higher than national average. While median income in Palisades Park remained $79063, which is 17% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
20693
Unemployment
4.9%
4% NAT AVG.
Poverty
12.8%
9% NAT AVG.
Overall Score
8.5
Median Home Cost
$577900
151% NAT AVG.
Median Income
$79063
17% NAT AVG.
Median Rent
$1638
41% NAT AVG.
Cost Of Living
162
62% NAT AVG.
People Living BPL
1 in 8
Unemployed People
1 in 20
People Earning < $10,000
1 in 20
People Earning < $50,000
35%
People with <= High School
1 in 3.2
People With Any Degree
1 in 1.8
Pros & Cons Overview

Jobs80%

Housing95%

Affordability40%

Safety90%

Amenities95%

Diversity90%

Education80%

Commute30%