Iowa Falls is a somewhat small city located in the state of Iowa. With a population of 5,002 people and two associated neighborhoods, Iowa Falls is the 91st largest community in Iowa.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 9.72% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Residents of the city have the good fortune of having one of the shortest daily commutes compared to the rest of the country. On average, they spend only 15.61 minutes getting to work every day.

The education level of Iowa Falls citizens is a little higher than the average for US cities and towns: 22.29% of adults in Iowa Falls have at least a bachelor's degree.

The per capita income in Iowa Falls in 2022 was $30,506, which is low income relative to Iowa, and lower middle income relative to the rest of the US. This equates to an annual income of $122,024 for a family of four. However, Iowa Falls contains both very wealthy and poor people as well.

The people who call Iowa Falls home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Iowa Falls residents report their race to be White, followed by Black or African-American. Important ancestries of people in Iowa Falls include German, Irish, English, Norwegian, and Dutch.

The most common language spoken in Iowa Falls is English. Other important languages spoken here include Spanish and Tagalog.