Iowa Falls, Iowa Demographics & Population 2026
During the 2020–2024 ACS period, Iowa Falls, Iowa had a total population of 5,038, the 86th largest city in Iowa, with a median household income of $50,417, which is 33% lower than the state average. The poverty rate is 10.7%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 33% below the state average, indicating significant economic challenges.
- Housing is very affordable with a home-value-to-income ratio of just 2.5x.
- Unemployment rate of 9.2% is notably above the national average.
Iowa Falls Quick Facts
How Iowa Falls Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 5,062 | 5,038 | -0.5% |
| Median household income | $53,051 | $50,417 | -5.0% |
| Median home value | $106,300 | $123,800 | +16.5% |
How Iowa Falls Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 31 | National average: 61
Education
Educational Attainment (Adults 25+)
Iowa Falls Rankings in Iowa
Explore Iowa Rankings
Other Cities in Hardin County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Eldora | 2,617 | $77,188 | 12.0% | $133,000 |
| Ackley | 1,482 | $62,583 | 7.5% | $103,900 |
| Alden | 833 | $64,500 | 17.5% | $107,900 |
| Hubbard | 773 | $68,750 | 5.6% | $106,100 |
| Radcliffe | 657 | $69,286 | 7.9% | $118,300 |
| Union | 378 | $55,625 | 6.6% | $74,600 |
| Steamboat Rock | 312 | $47,188 | 6.1% | $105,800 |
| New Providence | 173 | $86,667 | 7.6% | $82,500 |
| Whitten | 164 | $92,813 | 2.4% | $90,000 |
| Buckeye | 75 | $44,167 | 12.0% | N/A |
Cities Similar to Iowa Falls
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Red Oak | 5,510 | $50,109 | $99,700 | 17.7% | 21.9% |
| Harlan | 4,891 | $57,488 | $152,500 | 22.1% | 9.0% |
| Clarinda | 5,353 | $46,348 | $114,200 | 13.8% | 12.1% |
| Centerville | 5,372 | $46,563 | $103,000 | 16.7% | 21.3% |
| Shenandoah | 4,892 | $59,783 | $116,700 | 18.3% | 21.0% |
Population Overview
Iowa Falls is a small city located in Iowa, within Hardin County. The total population is 5,038. It ranks as the 86th most populous out of 1,017 Census-designated places in Iowa.
Age Demographics
The median age in Iowa Falls is 39.4 years. This is 2% higher than the state median of 38.6 years. 12.7% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Iowa Falls is $50,417. This is 33% lower than the state median of $75,059. It is also 38% lower than the national median of $80,734. The poverty rate stands at 10.7%. This is 3% lower than the state poverty rate of 11.1%. The unemployment rate is 9.2%. This is 156% higher than the state rate of 3.6%. The median home value is $123,800. Housing costs are 40% lower than the state median of $208,000. With a home-value-to-income ratio of just 2.5x, Iowa Falls is one of the most affordable housing markets in the area. 61.2% of occupied housing units are owner-occupied. This homeownership rate is 15% lower than the state average of 71.7%.
Race & Ethnicity
Iowa Falls has a predominantly White (non-Hispanic) population, comprising 88.2% of all residents. Hispanic or Latino residents account for 8.5%. The Black or African American population (1.8%) is well below the state average of 3.8%. The Asian population (0.5%) is well below the state average of 2.5%.
Education
22.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 27% lower than the state rate of 31.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.0%.
Data Sources & Methodology
All demographic data for Iowa Falls, Iowa is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Iowa state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,017 Census-designated places in Iowa. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Iowa Falls, Iowa?
Iowa Falls, Iowa has a population of 5,038 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Iowa Falls, IA?
The median household income in Iowa Falls is $50,417, which is 38% lower than the national median of $80,734.
What is the poverty rate in Iowa Falls, IA?
The poverty rate in Iowa Falls is 10.7%. This means approximately 501 residents live below the federal poverty line.
What is the racial makeup of Iowa Falls, Iowa?
Iowa Falls's population is 88.2% White, 1.8% Black, 8.5% Hispanic/Latino, and 0.5% Asian.
What is the median home value in Iowa Falls, IA?
The median home value in Iowa Falls is $123,800. The home-value-to-income ratio is 2.5x.
How educated is Iowa Falls, Iowa?
22.9% of adults (25+) in Iowa Falls hold a bachelor's degree or higher, and 7.8% hold a graduate or professional degree.