Armstrong, MO is a small town located in the heart of Missouri. Despite its size, Armstrong has a lot to offer its residents. Two bedroom rent in Armstrong is quite affordable and costs an average of $740 per month, which is much less than the US national average of $1,430. Additionally, the grocery cost index in Armstrong is 96 compared to 100 in the US. This means that groceries are comparatively cheaper than other areas around the country.
The local economy also benefits from several businesses such as DIY Gutter Repair and Maintenance, B&B Metalsmiths Inc., Hummel’s Flooring Center, and North Side Pharmacy. These businesses provide employment opportunities for many locals and contribute to a thriving community spirit.
Armstrong has an unemployment rate of 3.1%. The US average is 6.0%.
Armstrong has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 25.5%, which is lower than the US average of 33.5%.
Tax Rates for Armstrong
- The Sales Tax Rate for Armstrong is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Armstrong is 5.9%. 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 $20,566 a year. The US average is $37,638 a year.
- The Median household income of a Armstrong resident is $27,075 a year. The US average is $69,021 a year.