Armenia, WI is a small town located in the Midwest with a population of about 2,500 people. It is known for its friendly atmosphere and local businesses such as Rosenow's Grocery Store, which has been open since the early 1900s. The cost of living in Armenia is relatively low compared to other parts of the country as rent for a two bedroom apartment averages around $900 per month while the same apartment in the rest of the United States would cost an average of $1,430 per month. The Grocery Cost Index in Armenia is 91 versus 100 in the US, making it a great place to live if you're looking for affordability. With its charming downtown streets coupled with affordable housing options, Armenia is an attractive destination for those looking to live near a tight-knit community without breaking the bank.
Armenia has an unemployment rate of 5.7%. The US average is 6.0%.
Armenia has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 33.6%, which is higher than the US average of 33.5%.
Tax Rates for Armenia
- The Sales Tax Rate for Armenia is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Armenia is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Armenia
- The average income of a Armenia resident is $25,050 a year. The US average is $28,555 a year.
- The Median household income of a Armenia resident is $60,781 a year. The US average is $69,021 a year.