Cost of Living in Armstrong, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
76.2
100 = national avg
-23.8 vs national average
Living Wage (1 Adult)
$33,549
per year
Living Wage (Family of 4)
$79,299
per year
Cost Index by Category
Housing60.0
Food90.0
Transportation79.9
Healthcare92.0
Utilities86.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$771
per month
2 Bedroom
$919
per month
The overall cost of living index in Armstrong is 76.2, which is 23.8% below the national average. Housing costs are below the national average at an index of 60.0. A single adult needs to earn approximately $33,549 per year to cover basic expenses.