Armstrong, IA is a small town located in the state of Iowa. It is known for its welcoming community and affordable living costs. For example, residents there pay only $780 for an average two-bedroom apartment rental compared to the US average of $1,430. Armstrong also has a lower grocery cost index than the rest of the country with 92 versus 100 in the US. It's a great place to live for those looking for an inexpensive lifestyle without compromising quality.
The town is home to several local companies such as Nite & Day Tire Service Inc., Armstrong Motors, and Johnson's Market which provide residents with convenient access to products and services. Other amenities include a library, fitness center, post office, golf course, bank, movie theater, churches and several parks offering plenty of outdoor activities.
Armstrong has an unemployment rate of 4.3%. The US average is 6.0%.
Armstrong has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Armstrong
- The Sales Tax Rate for Armstrong is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Armstrong is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Armstrong
- The average income of a Armstrong resident is $26,293 a year. The US average is $37,638 a year.
- The Median household income of a Armstrong resident is $50,750 a year. The US average is $69,021 a year.