Midrange
The Kings Arms
Downtown pub/restaurant with good food.
Kopparhatten
Situated inside Dalarnas Museum, serving local as well as international cuisine.
Rådhuskällaren
Offers Dish of the Day in the town hall cellars. Summertime it moves outside and is one of the nicest places to eat lunch if the weather is good.
Geschwornergården
The place to go if you suddenly get hungry while visiting the area around the mine. It shares management with the Banken restaurants. Make sure you get a seat outside if the sun is shining.
For fairly cheap restaurant food, catch "Dagens rätt" "Dish of the day", available weekdays at lunchtime in most restaurants. Price around 65 SEK. Check if the price includes drinks; if not, you can save money by asking for tap water instead. A daily overview in Swedish of what dishes are served in the different restaurants is found here. Most of the listed restaurants here are also open in the evening with à la carte prices around 100 SEK for a meal.
American Takeaway
Offers a lunch buffet and tasty pan pizzas - the best one is Mex-style, called El Taco. Not just takeaway, despite the name. Has a US-style interior with interesting red metallic sofas.
Budget
Self-catering is always the cheapest way to get a meal in Sweden and there's plenty of food stores in Falun where it's possible to stock up. If you're starving in the middle of the night, run to the Statoil petrol station which is open 24-7 and offers hot dogs and groceries. Fast food is also available at the many pizzerias, at the Swedish fast food chain Sibylla, at McDonald's near Lugnet or at Gandhis Gatukök at the main square.
Banken Två rum & kök
The best and most expensive restaurant in town. Make sure to book your dinner table in advance and be prepared to pay at least a couple hundred crowns per dish. It is run in close cooperation with neighboring Banken Bar & Brasserie see below, but it has its own entrance from Stadshusgränd.