Iowa Falls is a somewhat small city located in the state of Iowa. With a population of 4,998 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: 7.25% 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.

Compared to the rest of the country, citizens of Iowa Falls spend much less time in their cars: on average, their commute to work is only 15.28 minutes. This also means that noise and pollution levels in the city are less than they would otherwise be.

The citizens of Iowa Falls are slightly better educated than the national average of 21.84% for all cities and towns, with 21.48% of adults in Iowa Falls having a bachelor's degree or advanced degree.

The per capita income in Iowa Falls in 2018 was $28,183, 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 $112,732 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.