What is the cost of living in Palisades Park, NJ?
According to the most recent data on the cost of living, Palisades Park has an overall cost of living index of 160, which is 1.6x higher than the national index of 100.
Compared to New Jersey, Palisades Park has a cost of living index that's 1.3x higher than New Jersey's index of 125.
The standard of living in Palisades Park ranks as #218 most affordable out of the 262 places we measured in New Jersey. By definition, that implies Palisades Park ranks as the #44 most expensive place in the Garden State.
For more reading on life in Palisades Park, check out:
Palisades Park Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Palisades Park. Here is how it fares on each of the criteria:
The Services index in Palisades Park is 105.
The Groceries index in Palisades Park is 110.
The Health index in Palisades Park is 281.
The Housing index in Palisades Park is 113.
The Transportation index in Palisades Park is 108.
The Utilities index in Palisades Park is 110.
| Living Expense | Palisades Park | New Jersey | National Average |
|---|---|---|---|
| Overall | 160 | 125 | 100 |
| Services | 105 | 107 | 100 |
| Groceries | 110 | 113 | 100 |
| Health | 281 | 155 | 100 |
| Housing | 113 | 116 | 100 |
| Transportation | 108 | 112 | 100 |
| Utilities | 110 | 113 | 100 |
Palisades Park Cost Of Living Compared To New Jersey Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Jersey, check out:
Protect your home budget Compare home warranties in Palisades Park Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Palisades Park, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Palisades Park is $987,742.
The Median Rent in Palisades Park is $2,009.
The Median Income in Palisades Park is $94,743.
The Home Value To Income in Palisades Park is 10.4x.
The Rent To Monthly Income in Palisades Park is 0.25x.
| Statistic | Palisades Park | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $987,742 | $569,411 | $332,700 |
| Median Rent | $2,009 | $1,720 | $1,413 |
| Median Income | $94,743 | $103,556 | $80,734 |
| Home Value To Income | 10.4x | 5.5x | 4.1x |
| Rent To Monthly Income | 0.25x | 0.2x | 0.21x |
Palisades Park, NJ Costs By Category
Detailed Palisades Park Services costs vs. New Jersey
| Item | Palisades Park | New Jersey |
|---|---|---|
| Shampoo | $1.69 | $1.28 |
| Movie | $13.68 | $12.13 |
| Bowling | $29.4 | $18 |
| Haircut | $34.94 | $24.26 |
| Beauty Salon | $64.07 | $45.56 |
Detailed Palisades Park Groceries costs vs. New Jersey
| Item | Palisades Park | New Jersey |
|---|---|---|
| Ground Beef | $5.87 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.97 | $4.67 |
| Potatoes | $5.21 | $4.93 |
| Pizza | $12.57 | $12.09 |
| Beer | $11.87 | $10.41 |
| Toothpaste | $3.96 | $3.7 |
Detailed Palisades Park Health costs vs. New Jersey
| Item | Palisades Park | New Jersey |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed Palisades Park Transportation costs vs. New Jersey
| Item | Palisades Park | New Jersey |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed Palisades Park Utilities costs vs. New Jersey
| Item | Palisades Park | New Jersey |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
Palisades Park SnackAbility
Cost Of Living In Cities Around Palisades Park
The cost of living varies in the cities and towns around Palisades Park. Here's a quick look at the cost of living in the most populous nearby places:
Fort Lee, NJ has a cost of living index of 135, 0.8x Palisades Park.
Cliffside Park, NJ has a cost of living index of 145, 0.9x Palisades Park.
Port Washington, NY has a cost of living index of 196, 1.2x Palisades Park.
| City | Population | Cost Of Living | Vs. Palisades Park |
|---|---|---|---|
| Fort Lee, NJ | 40,067 | 135 | 0.8x |
| Cliffside Park, NJ | 25,781 | 145 | 0.9x |
| Port Washington, NY | 18,004 | 196 | 1.2x |
| North Valley Stream, NY | 17,825 | 146 | 0.9x |
| Fairview, NJ | 15,099 | 151 | 0.9x |
| Edgewater, NJ | 14,759 | 174 | 1.1x |
| North New Hyde Park, NY | 14,159 | 169 | 1.1x |
| Ridgefield Park, NJ | 13,235 | 131 | 0.8x |
| Ridgefield, NJ | 11,498 | 149 | 0.9x |
| Little Ferry, NJ | 10,996 | 132 | 0.8x |
