Armstrong, Iowa is a small town with just under 1,000 residents. Retirees account for a greater percentage of the population (33%) here than nationally (14%), while young professionals are less well-represented. Overall, the town's residents, at an average age of just under 48, skew decidedly older than most cities in Iowa. Renters tend to be in the minority in the town, and 78% of residents own their homes. With a relatively low average rent of $612/month in the town, renting remains an affordable option, particularly compared to other cities in Iowa. Over the course of a year, renters in Armstrong will save around $2,400 compared to the state average.
With an average commute time of about 19 minutes, shorter than most cities in Iowa, Armstrong residents know that it isn't overly time-consuming to travel to work. Driving a vehicle is the most common means of commuting to work, opted for by 45% of residents, while public transportation isn't used. Not many residents walk to work.
Compared to the national average (5%), Armstrong has a large number of residents older than 25 who have earned an Associate's degree (9%). Furthermore, 7% have a Bachelor's degree and 1% have earned a Master's degree or Doctorate. Many Armstrong residents work in one of two industries: manufacturing and healthcare. Together, these industries account for 27% of the labor force in the town. Meanwhile, looking at job function, many workers in these industries are in transportation, as 9% of the town's population reports this as their field of work, the highest number of any field. With an average annual income of nearly $49,000, Armstrong workers earn around $19,000 less than the average Iowa resident. The town's average income also trails the national average of $73,345.
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