How many renters in Palisades Park Borough, NJ pay more than 30% of their income on rent?
53.5% (±7.6 points) of renting households in Palisades Park Borough, NJ spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
42.2% spend 35% or more.
The median renting household spends 31.6% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 53.5% (±7.6 points)
- Paying 35% or more
- 42.2% (±6.1 points)
- Median share of income
- 31.6% (±2.9 points)
Rent as a share of income in Palisades Park Borough
| Share of income spent on rent | Palisades Park Borough | Bergen County | New Jersey | United States |
|---|---|---|---|---|
| Less than 15% | 11.1% (±5.2 points) | 13.2% | 12.2% | 12.6% |
| 15% to 19.9% | 15.8% (±5.2 points) | 12.5% | 12.3% | 12.2% |
| 20% to 24.9% | 10.8% (±4.5 points) | 12.7% | 12.6% | 12.6% |
| 25% to 29.9% | 8.7% (±2.9 points) | 10.8% | 11.4% | 11.5% |
| 30% to 34.9% | 11.3% (±4.5 points) | 8.3% | 8.9% | 9.2% |
| 35% or more | 42.2% (±6.1 points) | 42.5% | 42.7% | 41.9% |
Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.
Palisades Park Borough against Bergen County, its state and the nation
| Palisades Park Borough | Bergen County | New Jersey | United States | |
|---|---|---|---|---|
| Paying 30% or more | 53.5% (±7.6 points) | 50.8% (±1.5 points) | 51.6% (±0.4 points) | 51.1% |
| Paying 35% or more | 42.2% (±6.1 points) | 42.5% (±1.2 points) | 42.7% (±0.4 points) | 41.9% |
| Median share of income | 31.6% (±2.9 points) | 30.5% (±0.8 points) | 30.9% (±0.3 points) | 30.6% |
| Median renter household income | $76,944 (±$10,494) | $74,953 (±$1,923) | $62,674 (±$718) | $52,966 |
| Median gross rent | $2,009 (±$149) | $1,914 (±$21) | $1,720 (±$7) | $1,413 |
In Palisades Park Borough, the share of renters paying 30% or more of income is not measurably different from Bergen County (50.8%).
It is not measurably different from New Jersey (51.6%).
It is not measurably different from the national figure (51.1%).
In Bergen County, Palisades Park Borough ranks 32 of 70 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 238 of 560.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Renters paying 30% or more of income in places near Palisades Park Borough
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Palisades Park Borough | — | 53.5% (±7.6 points) | — |
| Leonia Borough | 1.2 mi | 50.1% (±11.4 points) | Not measurably different |
| Ridgefield Park Village | 1.3 mi | 47.8% (±11.9 points) | Not measurably different |
| Ridgefield Borough | 1.3 mi | 47.8% (±10.1 points) | Not measurably different |
| Fort Lee Borough | 1.4 mi | 48.4% (±5.0 points) | Not measurably different |
| Cliffside Park Borough | 1.8 mi | 51.4% (±7.3 points) | Not measurably different |
| Fairview Borough | 1.8 mi | 55.3% (±10.8 points) | Not measurably different |
| Little Ferry Borough | 2.0 mi | 46.7% (±11.0 points) | Not measurably different |
| Edgewater Borough | 2.0 mi | 55.0% (±12.2 points) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Renters paying 30% or more of income across Bergen County, place by place
| Rank | Place | Renters paying 30% or more of income |
|---|---|---|
| 26 | Fairview Borough | 55.3% (±10.8 points) |
| 27 | Edgewater Borough | 55.0% (±12.2 points) |
| 28 (tie) | Harrington Park Borough | 54.7% (±34.1 points) |
| 28 (tie) | River Edge Borough | 54.7% (±15.4 points) |
| 30 | Maywood Borough | 54.2% (±13.1 points) |
| 31 | Bergenfield Borough | 54.0% (±10.1 points) |
| 32 | Palisades Park Borough | 53.5% (±7.6 points) |
| 33 (tie) | Garfield | 52.8% (±5.9 points) |
| 33 (tie) | Haworth Borough | 52.8% (±49.5 points) |
| 35 | Englewood Cliffs Borough | 51.9% (±23.3 points) |
| 36 (tie) | Cliffside Park Borough | 51.4% (±7.3 points) |
| 36 (tie) | Hackensack | 51.4% (±4.5 points) |
| 38 | Lodi Borough | 50.8% (±7.0 points) |
Showing 13 of 70 places in Bergen County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates).
Margins of error are at the 90% confidence level.
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Questions about Palisades Park Borough
Are renters in Palisades Park Borough rent-burdened?
53.5% of renting households in Palisades Park Borough pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
What share of income do renters in Palisades Park Borough spend on rent?
The median renting household in Palisades Park Borough, NJ spends 31.6% (±2.9 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Palisades Park borough, Bergen County, New Jersey
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Palisades Park borough, Bergen County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Palisades Park borough, Bergen County, New Jersey
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Palisades Park borough, Bergen County, New Jersey (county subdivision:55770, in state:34 county:003).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free key.
DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
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- Fair Market Rent in Palisades Park Borough
- Local landlord and tenant rules in Palisades Park Borough
- New Jersey landlord and tenant rules
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