Palisades Park, NJ Cost Of Living
Palisades Park's Overall Cost Of Living
Higher Than The National Average
In New Jersey
In America
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 162 which is 1.6x higher than the national index of 100.
Compared to only New Jersey, Palisades Park has a cost of living index that's 1.3x higher than New Jersey's index of 121.
The standard of living in Palisades Park ranks as #6,026 most affordable out of the 6,418 places we measured in New Jersey. By definition, that implies Palisades Park ranks as the #392 most expensive place in the Garden State.
Palisades Park Cost Of Living Vs. New Jersey
| Living Expense | Palisades Park | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 162 | 121 | 100 | |
| Services | 133 | 107 | 100 | |
| Groceries | 147 | 107 | 100 | |
| Health | 112 | 100 | 100 | |
| Housing | 238 | 160 | 100 | |
| Transportation | 130 | 106 | 100 | |
| Utilities | 99 | 98 | 100 | |
Palisades Park, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Median Home Value
Median Rent
Median Income
| Statistic | Palisades Park | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $577,900 | $343,500 | $229,800 |
| Median Rent | $1,638 | $1,368 | $1,096 |
| Median Income | $79,063 | $85,245 | $64,994 |
| Home Value To Income | 7.3x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.19x | 0.2x |
Detailed Palisades Park Services Costs Vs. New Jersey
| Item | Palisades Park | New Jersey |
|---|---|---|
| Shampoo | $1.67 | $1.06 |
| Movie | $16.31 | $10.68 |
| Bowling | $20.49 | $14.67 |
Detailed Palisades Park Groceries Costs Vs. New Jersey
| Item | Palisades Park | New Jersey |
|---|---|---|
| Ground Beef | $6.4 | $4.22 |
| Fried Chicken | $2.65 | $1.39 |
| Milk | $3.11 | $2.05 |
Detailed Palisades Park Health Costs Vs. New Jersey
| Item | Palisades Park | New Jersey |
|---|---|---|
| Haircut | $23.25 | $18.62 |
| Beauty Salon | $60.79 | $39.05 |
| Toothpaste | $4.42 | $2.34 |
Detailed Palisades Park Transportation Costs Vs. New Jersey
| Item | Palisades Park | New Jersey |
|---|---|---|
| Potatoes | $4.16 | $3.29 |
| Pizza | $12.33 | $10.62 |
| Beer | $12.01 | $9.38 |
| Optometrist | $108.08 | $108.57 |
| Doctor | $106.72 | $116.17 |
| Dentist | $124.43 | $99.13 |
Detailed Palisades Park Utilities Costs Vs. New Jersey
| Item | Palisades Park | New Jersey |
|---|---|---|
| Gasoline | $2.62 | $2.22 |
| Tire Balancing | $80.22 | $50.07 |
| All Electricity | $157.7 | $167.67 |
| Phone | $189.52 | $175.64 |
Palisades Park SnackAbility
/10
Cost Of Living In Cities Around Palisades Park
| City | Population | Cost Of Living | Vs. Palisades Park |
|---|---|---|---|
| Fort Lee, NJ | 37,843 | 141 | 0.9x |
| Cliffside Park, NJ | 25,410 | 152 | 0.9x |
| North Valley Stream, NY | 18,712 | 148 | 0.9x |
| Port Washington, NY | 16,232 | 185 | 1.1x |
| North New Hyde Park, NY | 14,952 | 170 | 1.0x |
| Fairview, NJ | 14,218 | 140 | 0.9x |
| Ridgefield Park, NJ | 12,928 | 141 | 0.9x |
| Edgewater, NJ | 12,890 | 171 | 1.1x |
| Ridgefield, NJ | 11,209 | 155 | 1.0x |
| Little Ferry, NJ | 10,761 | 140 | 0.9x |
