Iowa Falls, IA
Population 5,062 · Iowa
About Iowa Falls, IA
Iowa Falls is a small community in Iowa with a population of 5,062 residents. The median household income is $53,051 per year, which is near the national average. The median age in Iowa Falls is 39 years.
Housing in Iowa Falls has a median home value of $106,300 and median monthly rent of $898. Of the 2,386 total housing units, the majority are owner-occupied, with 1,345 owner-occupied and 772 renter-occupied units.
The unemployment rate in Iowa Falls is 7.7% and the poverty rate is 7.6%. 22.3% of residents hold a bachelor's degree or higher. The average commute time is 14.6 minutes.
Cost of Living in Iowa Falls, IA
Compared to national averages, Iowa Falls has a median household income of $53,051 (29% below the national median of $75,149). Home values average $106,300, which is 57% below the national median. Monthly rent at $898 is 23% below the US average of $1,163. Within Iowa, Iowa Falls's income is 22% below the state average of $67,947, and home values are 20% below the state median of $132,237.
Why Live in Iowa Falls, IA?
Iowa Falls offers affordable housing with a median home value of $106,300, below the US average of $244,900, and rent that’s lower than the national average at $898/month, and a low poverty rate of 7.6%, better than the national average. Additionally, the city features short commute times averaging just 14.6 minutes.
Potential considerations include median household income ($53,051) that falls below the national average. However, Iowa Falls’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Iowa Falls has a population of 5,062 with a median age of 39 years. Compare Iowa Falls with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Iowa Falls
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Sergeant Bluff | 5,090 | $122,610 | $287,600 | Compare |
| Glenwood | 5,118 | $69,320 | $193,800 | Compare |
| Manchester | 5,144 | $58,578 | $130,500 | Compare |
| Cherokee | 5,157 | $48,693 | $119,400 | Compare |
| Windsor Heights | 5,171 | $89,083 | $251,800 | Compare |
| Vinton | 4,948 | $65,488 | $146,400 | Compare |
| Shenandoah | 4,913 | $52,469 | $110,000 | Compare |
| Harlan | 4,896 | $54,923 | $137,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Iowa Falls With Other Cities
Frequently Asked Questions about Iowa Falls
What is the population of Iowa Falls, IA?
The population of Iowa Falls, IA is 5,062 according to the latest Census data.
What is the median household income in Iowa Falls?
The median household income in Iowa Falls, IA is $53,051 per year.
What is the median home value in Iowa Falls?
The median home value in Iowa Falls, IA is $106,300.
What is the average rent in Iowa Falls?
The median monthly rent in Iowa Falls, IA is $898.
What is the unemployment rate in Iowa Falls?
The unemployment rate in Iowa Falls, IA is 7.7%.