Armstrong, Iowa (50514) is a small city located in Emmet County with an estimated population of 1,208. The 2 bedroom rent average is $780; much lower than the national average of $1,430. Additionally, the grocery cost index is 92 versus 100 nationally. As such, Armstrong is an affordable place to live and work. This city has a variety of local businesses including the Dairy Queen restaurant, Hy-Vee grocery store, Uptown Cafe restaurant, Kwik Star gas station and Paramount Theater. These establishments provide employment opportunities as well as necessary services for residents in Armstrong.
Armstrong (zip 50514) has an unemployment rate of 4.3%. The US average is 6.0%.
Armstrong (zip 50514) 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 (zip 50514)
- The Sales Tax Rate for Armstrong (zip 50514) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Armstrong (zip 50514) is 9.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Armstrong (zip 50514)
- The average income of a Armstrong (zip 50514) resident is $27,925 a year. The US average is $37,638 a year.
- The Median household income of a Armstrong (zip 50514) resident is $53,750 a year. The US average is $69,021 a year.