Armstrong, IL (61812) is a small town in Vermilion County, Illinois with a population of just under 1,000 people. It is located about an hour north of Danville and two hours south of Chicago. The cost of living is very affordable compared to the national average, with 2 bedroom rent being $780 versus $1,430 across the US. The grocery cost index in Armstrong is 92 compared to 100 in the US. There are many local businesses available for residents including Ace Hardware, Vermilion Family Clinic, and Mario's Italian Restaurant. All of these amenities and more make Armstrong an ideal place for those looking for a peaceful and cost effective place to live.
Armstrong (zip 61812) has an unemployment rate of 6.9%. The US average is 6.0%.
Armstrong (zip 61812) has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 17.5%, which is lower than the US average of 33.5%.
Tax Rates for Armstrong (zip 61812)
- The Sales Tax Rate for Armstrong (zip 61812) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Armstrong (zip 61812) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Armstrong (zip 61812)
- The average income of a Armstrong (zip 61812) resident is $42,112 a year. The US average is $37,638 a year.
- The Median household income of a Armstrong (zip 61812) resident is $83,125 a year. The US average is $69,021 a year.