New Milford vs Palisades Park

A side-by-side comparison of New Milford and Palisades Park: population, income, housing, and more.

New Milford and Palisades Park are places in New Jersey. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Palisades Park has the higher population (20,192 vs 16,882 in New Milford). New Milford has the higher median household income ($113,513 vs $101,295 in Palisades Park). Palisades Park has the higher median home value ($704,400 vs $554,800 in New Milford).

Population, income & housing

	New Milford	Palisades Park
Population	16,882	20,192
Median age	39.5 yrs	43.2 yrs
Median household income	$113,513	$101,295
Median home value	$554,800	$704,400
Median gross rent	$1,722	$1,976
Housing units	6,428	7,612
Homeownership rate	62.7%	37.2%
Bachelor's degree or higher	48.0%	53.7%
Unemployment rate	6.4%	5.4%

Trends (ACS 5-year, 2019–2023)

	New Milford	Palisades Park
Population	16,545 → 16,882 (+2.0%)	20,604 → 20,192 (-2.0%)
Median household income	$94,344 → $113,513 (+20.3%)	$68,245 → $101,295 (+48.4%)
Median home value	$426,800 → $554,800 (+30.0%)	$558,400 → $704,400 (+26.1%)
Median gross rent	$1,438 → $1,722 (+19.7%)	$1,520 → $1,976 (+30.0%)

New Milford

Population

16,54516,882

Median household income

$94,344$113,513

Median home value

$426,800$554,800

Median gross rent

$1,438$1,722

Palisades Park

Population

20,60420,192

Median household income

$68,245$101,295

Median home value

$558,400$704,400

Median gross rent

$1,520$1,976

Age & race/ethnicity

Age distribution (share)

	New Milford	Palisades Park
Under 5	7.0%	4.6%
5 to 17	16.1%	8.8%
18 to 24	7.3%	8.5%
25 to 34	11.6%	16.4%
35 to 44	15.1%	14.2%
45 to 54	13.5%	13.4%
55 to 64	13.4%	15.7%
65 to 74	7.8%	9.4%
75 and over	8.3%	9.1%

Race & ethnicity (share)

	New Milford	Palisades Park
White (non-Hispanic)	47.6%	17.9%
Black or African American	4.7%	2.6%
American Indian & Alaska Native	0.5%	0.1%
Asian	20.5%	54.8%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.8%	0.3%
Two or more races	3.8%	0.5%
Hispanic or Latino	22.1%	23.9%

Educational attainment (age 25+)

Share of adults 25+

	New Milford	Palisades Park
No high school diploma	5.3%	9.6%
High school graduate	19.6%	20.2%
Some college or associate's	27.1%	16.4%
Bachelor's degree	32.5%	40.0%
Graduate or professional degree	15.5%	13.7%

Commute to work

How workers get to work (share)

	New Milford	Palisades Park
Drove alone	62.9%	54.8%
Carpooled	10.7%	12.4%
Public transit	7.8%	18.9%
Walked	1.0%	2.0%
Bicycle	0.3%	0.0%
Worked from home	14.0%	9.9%
Other means	3.3%	1.9%

Housing

Units in structure (share)

	New Milford	Palisades Park
1-unit, detached	64.7%	16.8%
1-unit, attached	1.5%	21.5%
2 to 4 units	25.4%	32.8%
5 to 19 units	4.5%	11.3%
20 or more units	3.7%	17.2%
Mobile home & other	0.2%	0.5%

Poverty & households

	New Milford	Palisades Park
Poverty rate	4.6%	10.0%
Average household size	2.71	2.74
Mean commute (minutes)	30	32
Median year structure built	1953	1976