Living in Iowa Falls, Iowa
Cost of living, income, home prices, rent and demographics of Iowa Falls · Census data 2020–2024
Iowa Falls has 5,038 residents with a median age of 39.4. The median household income is $50,417 (33% lower than the Iowa median), the median home value is $123,800, the median rent is $831/month.
Iowa Falls at a glance
- Population
- 5,038
- Median age
- 39.4State: 38.6
- Median household income
- $50,417State: $75,059
- Median home value
- $123,800State: $208,000
- Median rent
- $831/moState: $972
- Homeowners
- 61.2%
- Bachelor's degree or higher
- 22.9%
- Average commute
- 15 min
Is Iowa Falls a good place to live?
Pros: Home values 40% lower than the state median; an average commute of 15 minutes; a poverty rate of 10.7%.
Cons: Median household income 33% lower than the Iowa median; unemployment of 9.1%.
The weather is best in June to September.
Cost of living in Iowa Falls
Housing is the biggest part of the cost of living. In Iowa Falls the median home value is $123,800, 63% lower than the U.S. median. Renters pay a median of $831 per month, which is 30% of household income. Homeowners with a mortgage pay $1,191 a month in housing costs.
Iowa Falls median household income
The median household income in Iowa Falls is $50,417 and the income per person is $34,630. 10.7% of residents live below the poverty line (Iowa: 11.1%).
Housing in Iowa Falls: homes for sale and rent
- Housing units
- 2,499
- Owner-occupied
- 61.2%
- Renter-occupied
- 38.8%
- Vacant
- 10.9%Includes seasonal homes
- Median year built
- 1961
- Average household size
- 2.11
Iowa Falls demographics
- Population
- 5,038
- Median age
- 39.4
- Under 18
- 17.7%
- 65 and older
- 23.9%
- Households
- 2,226
- Foreign-born
- 3.3%
- Veterans
- 6.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Iowa Falls ›
Education in Iowa Falls
22.9% of adults 25 and older in Iowa Falls have a bachelor's degree or higher (Iowa: 31.4%), and 7.8% have a graduate or professional degree.
Jobs and commute in Iowa Falls
- Unemployment rate
- 9.1%State: 3.6%
- Average commute
- 15 minState: 20 min
- Work from home
- 8.6%
- Drive alone
- 75%
- Public transit
- 2.2%
- Walk to work
- 8.4%
- Homes with broadband
- 83.8%
Iowa Falls vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Iowa Falls | 5,038 | $50,417 | $123,800 | $831 |
| Alden | 833 | $64,500 | $107,900 | $621 |
| Popejoy | 109 | $38,681 | $83,600 | — |
| Ackley | 1,482 | $62,583 | $103,900 | $669 |
| Steamboat Rock | 312 | $47,188 | $105,800 | $771 |
| Geneva | 152 | $56,250 | $61,400 | $669 |
| Eldora | 2,617 | $77,188 | $133,000 | $750 |
| Williams | 369 | $55,417 | $85,900 | $704 |
| Hubbard | 773 | $68,750 | $106,100 | $632 |
More for people moving to Iowa Falls
Iowa Falls ZIP code ›Weather and climate ›Living in Iowa Falls: FAQ
What is the median household income in Iowa Falls, IA?
The median household income in Iowa Falls is $50,417, 33% lower than 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 Iowa Falls?
The median home value in Iowa Falls is $123,800, compared with $208,000 in Iowa.
How much is rent in Iowa Falls?
The median gross rent in Iowa Falls is $831 per month, about 30% of household income.
Is Iowa Falls, IA a good place to live?
Pluses: home values 40% lower than the state median; an average commute of 15 minutes; a poverty rate of 10.7%. Minuses: median household income 33% lower than the Iowa median; unemployment of 9.1%.
What is the median age in Iowa Falls?
The median age in Iowa Falls is 39.4 years (Iowa: 38.6).
How long is the commute in Iowa Falls?
The average commute to work in Iowa Falls is 15 minutes; 8.6% of workers work from home.
What is the unemployment rate in Iowa Falls?
The unemployment rate in Iowa Falls is 9.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Iowa Falls?
22.9% of adults in Iowa 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.
Last updated: