City of Island Park is the governing agency for Island Park along the Hwy 20, Old Hwy 191, and Hwy 189 corridor.
The hospitality and real estate industries underpin the city’s economy. Several resorts and lodges, with fewer than two dozen employees each, provide a variety of accommodations for tourists including restaurants, cabin and condominium rentals and RV parking. They provide supervised float and horseback riding trips and fly-fishing guide services. In the winter, they rent snowmobiles and winter gear and conduct guided tours.
There are working cattle ranches nearby that have accommodations for tourists. Patrons of these ranches can watch the cowboys do their jobs, participate in cattle drives, ride horses, fish or just relax.
Many visitors are fly-fishing enthusiasts who come to fish on the famous Henry’s Fork of the Snake River or many of the other nearby streams and lakes. For the skilled fly-fishing man or woman, the city has specialized fishing equipment shops and expert guides.
The real estate market primarily involves part-time residents acquiring second homes.