Palisades Park is located at (40.845742, -73.994795).
According to the United States Census Bureau, the borough has a total area of 1.3 square miles (3.3 km²), of which, 1.2 square miles (3.1 km²) of it is land and 0.1 square miles (0.2 km²) of it (4.72%) is water.
In 2000, 36.38% of Palisades Park residents identified as being of Korean heritage. This was the highest percentage of Korean Americans of any place in the country with 1,000 or more residents identifying their ancestry and more than double that of second-ranked Cerritos, California. In this same census, 3.1% of Palisades Park's residents identified themselves as being of Croatian ancestry. This was the second highest percentage of people with Croatian ancestry in any place in New Jersey with 1,000 or more residents identifying their ancestry.
There were 6,247 households out of which 30.6% had children under the age of 18 living with them, 54.9% were married couples living together, 10.4% had a female householder with no husband present, and 28.8% were non-families. 22.9% of all households were made up of individuals and 8.1% had someone living alone who was 65 years of age or older. The average household size was 2.73 and the average family size was 3.20.
In the borough the population was spread out with 19.4% under the age of 18, 9.1% from 18 to 24, 37.8% from 25 to 44, 21.7% from 45 to 64, and 12.1% who were 65 years of age or older. The median age was 36 years. For every 100 females there were 99.1 males. For every 100 females age 18 and over, there were 97.8 males.
The median income for a household in the borough was $48,015, and the median income for a family was $54,503. Males had a median income of $37,204 versus $31,997 for females. The per capita income for the borough was $22,607. About 8.5% of families and 9.7% of the population were below the poverty line, including 9.9% of those under age 18 and 12.1% of those age 65 or over.
The Mayor of Palisades Park is James Rotundo (D, term ends December 31, 2010). Members of the Borough Council are Yolanda Iacobino (D, 2009), Jason Kim (D, 2010), Mark Pasquali (D, 2008), Cynthia Pierra (D, 2008), Henry Ruh (D, 2010) and Joseph Testa (D, 2009).
In elections held on November 6, 2007, 31% of registered voters turned out to fill two three-year seats on the Borough Council. Democratic incumbent Jason Kim (1,236 votes) and running mate Henry Ruh (1,239) won election to the council, defeating Republicans Anthony Sambogna (671) and Anne Fiscella (620).
On Election Day, November 7, 2006, Democratic Party incumbents won re-election to all three open seats on the ballot, retaining their full control of the municipal government. James M. Rotundo (1,961 votes) won his first full four-year term as Mayor — a position he had been appointed to in 2004 after the death of his predecessor, Sandy Farber — defeating Republican Anthony Sambogna (842). Joseph A. Testa (1,902) and Yolanda Iacobino (1,770) were re-elected to three-year terms of office on the Borough Council, defeating Democrats Carol Magner (899) and Alan McLean (809).
On the national level, Palisades Park leans strongly toward the Democratic Party. In the 2004 presidential election, Democrat John Kerry received 59% of the vote here, defeating Republican George W. Bush, who received around 41%.