Cedar Falls, IA Profile: Facts & Data

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Cedar Falls, Iowa - Basic Facts

The City of Cedar Falls had a population of 41,015 as of July 1, 2023. Cedar Falls ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Iowa. See peer rankings below.

The primary coordinate point for Cedar Falls is located at latitude 42.5278 and longitude -92.4455 in Black Hawk County. The formal boundaries for the City of Cedar Falls encompass a land area of 28.75 sq. miles and a water area of 0.86 sq. miles. Black Hawk County is in the Central time zone (GMT -6).

The City of Cedar Falls has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Cedar Falls is located within , a minor civil division (MCD) of Black Hawk County.


Jump to... (On This Page!)
  1. Cedar Falls 2023 Demographic Data
  2. Growth Rates for Cedar Falls (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Iowa Research Tools (Easy Tools & Current Data)
  3. Iowa Data Comparison Tool - 2023 Demographics
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Cedar Falls, IA Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 41,015 (100%)
Population in Households 37,364 (91.1%)
Population in Families 24,903 (60.7%)
Population in Group Quarters1 3,651 ( 8.9%)
Population Density 1,394
Diversity Index2 29
 
 

INCOME

Median Household Income $70,379
Average Household Income $96,375
% of Income for Mortgage4 20%
Per Capita Income $38,069
Wealth Index5 84
Socioeconomic Status Index6 Moderate (57.5)
 

HOUSING

Total HU (Housing Units) 17,369 (100%)
Owner Occupied HU 10,687 (61.5%)
Renter Occupied HU 5,365 (30.9%)
Vacant Housing Units 1,317 ( 7.6%)
Median Home Value $233,123
Average Home Value $257,954
Housing Affordability Index3 111
 

HOUSEHOLDS

Total Households 16,052
Average Household Size 2.33
Family Households 8,566
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 0.22% 0.13%
Households 0.42% 0.28%
Families   0.18%
Median Household Income   2.10%
Per Capita Income   2.51%
Owner Occupied HU   0.73%

Cedar Falls, IA - Peer Comparisons by Rank and Percentile

The table below compares Cedar Falls to the other 1,027 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 14 99th
Population Density # 112 89th
Median Household Income # 454 56th
Housing Affordability Index # 312 30th
Per Capita Income # 542 47th
Diversity Index # 149 86th

Additional comparisons and rankings can be made with a VERY EASY TO USE Iowa Census Data Comparison Tool.

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