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.

Telecommuters are a relatively large percentage of the workforce: 7.25% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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 15.28 minutes getting to work every day.

The population of Iowa Falls overall has a level of education that is slightly above the US average for all US cities and towns of 21.84%. Of adults 25 and older in Iowa Falls, 21.48% have at least a bachelor's degree.

The per capita income in Iowa Falls in 2022 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.