Cost of Living in Palisades Park, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
196.3
100 = national avg
+96.3 vs national average
Living Wage (1 Adult)
$86,374
per year
Living Wage (Family of 4)
$204,156
per year
Cost Index by Category
Housing294.3
Food127.4
Transportation154.8
Healthcare121.9
Utilities155.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,024
per month
2 Bedroom
$2,324
per month
The overall cost of living index in Palisades Park is 196.3, which is 96.3% above the national average. Housing costs are above the national average at an index of 294.3. A single adult needs to earn approximately $86,374 per year to cover basic expenses.