Income & Economy in Armstrong city, IA (50514)
Median Income
$70,550
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+68
Wealth inflow
Population
1,190
Unemployment
7.0%
3.3pp above US avg
IRS migration statistics show a net inflow of about 68 for ZIP 50514 (Armstrong city, IA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 50514 (2020–Present)
Since 2020, population declined 7.5%, median income rose 19.5% (inflation-adjusted), home values increased 34.4%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $70,550 |
| Unemployment | 7.0% |
| Establishments | 45 |
| Employees | 652 |