Living in Cedar Falls, Iowa
Cost of living, income, home prices, rent and demographics of Cedar Falls · Census data 2020–2024
Cedar Falls has 40,888 residents with a median age of 29.3. The median household income is $76,987 (about the same as the Iowa median), the median home value is $263,600, the median rent is $1,203/month.
Cedar Falls at a glance
- Population
- 40,888
- Median age
- 29.3State: 38.6
- Median household income
- $76,987State: $75,059
- Median home value
- $263,600State: $208,000
- Median rent
- $1,203/moState: $972
- Homeowners
- 64%
- Bachelor's degree or higher
- 50.4%
- Average commute
- 14 min
Is Cedar Falls a good place to live?
Pros: Median household income about the same as the Iowa median; an average commute of 14 minutes.
Cons: Home values 27% higher than the state median; unemployment of 3.9%; a poverty rate of 15.7%.
The weather is best in May and July to September.
Cost of living in Cedar Falls
Housing is the biggest part of the cost of living. In Cedar Falls the median home value is $263,600, 21% lower than the U.S. median. Renters pay a median of $1,203 per month, which is 34.1% of household income. Homeowners with a mortgage pay $1,719 a month in housing costs.
Cedar Falls median household income
The median household income in Cedar Falls is $76,987 and the income per person is $41,428. 15.7% of residents live below the poverty line (Iowa: 11.1%).
Housing in Cedar Falls: homes for sale and rent
- Housing units
- 16,804
- Owner-occupied
- 64%
- Renter-occupied
- 36%
- Vacant
- 5.3%Includes seasonal homes
- Median year built
- 1975
- Average household size
- 2.34
Cedar Falls demographics
- Population
- 40,888
- Median age
- 29.3
- Under 18
- 17.4%
- 65 and older
- 16%
- Households
- 15,908
- Foreign-born
- 3.4%
- Veterans
- 4.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Cedar Falls ›
Education in Cedar Falls
50.4% of adults 25 and older in Cedar Falls have a bachelor's degree or higher (Iowa: 31.4%), and 21.5% have a graduate or professional degree.
Jobs and commute in Cedar Falls
- Unemployment rate
- 3.9%State: 3.6%
- Average commute
- 14 minState: 20 min
- Work from home
- 11.1%
- Drive alone
- 76.7%
- Public transit
- 0%
- Walk to work
- 5.8%
- Homes with broadband
- 93.1%
Cedar Falls vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cedar Falls | 40,888 | $76,987 | $263,600 | $1,203 |
| Waterloo | 67,008 | $57,480 | $152,600 | $923 |
| Hudson | 2,699 | $120,481 | $242,700 | $947 |
| Janesville | 917 | $103,542 | $221,700 | $717 |
| New Hartford | 675 | $84,375 | $114,700 | $875 |
| Dike | 1,365 | $91,146 | $247,800 | $711 |
| Evansdale | 4,518 | $60,397 | $150,300 | $979 |
| Elk Run Heights | 964 | $76,500 | $171,200 | $1,125 |
| Raymond | 899 | $76,711 | $222,600 | $1,125 |
More for people moving to Cedar Falls
Cedar Falls ZIP code ›Weather and climate ›Living in Cedar Falls: FAQ
What is the median household income in Cedar Falls, IA?
The median household income in Cedar Falls is $76,987, about the same as the Iowa median of $75,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Cedar Falls?
The median home value in Cedar Falls is $263,600, compared with $208,000 in Iowa.
How much is rent in Cedar Falls?
The median gross rent in Cedar Falls is $1,203 per month, about 34.1% of household income.
Is Cedar Falls, IA a good place to live?
Pluses: median household income about the same as the Iowa median; an average commute of 14 minutes. Minuses: home values 27% higher than the state median; unemployment of 3.9%; a poverty rate of 15.7%.
What is the median age in Cedar Falls?
The median age in Cedar Falls is 29.3 years (Iowa: 38.6).
How long is the commute in Cedar Falls?
The average commute to work in Cedar Falls is 14 minutes; 11.1% of workers work from home.
What is the unemployment rate in Cedar Falls?
The unemployment rate in Cedar Falls is 3.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cedar Falls?
50.4% of adults in Cedar Falls have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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