MyNeighborhood

Can you afford to live in Galax?

Median household income, home values and rent in Galax, VA — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in Galax.

Median household income: $41,438 — +35.4% since 2015 (not adjusted for inflation)

Median gross rent: $692/mo — +30.8% since 2015

Median home value, 2015 to 2023

  • 2015: 91000
  • 2023: 126800

Median household income

  • Galax: 41438
  • Galax city: 41438
  • VA: 90974
  • U.S.: 78538

Median gross rent

  • Galax: 692
  • Galax city: 692
  • VA: 1514
  • U.S.: 1348

Share of income a typical renter spends on rent: 23.8% — U.S.: 30.2%

What it means

The typical household here earns $41,438 — far lower than the national figure of $78,538.

The typical renter here spends 23.8% of household income on rent, below the 30% cost-burden line.

Since 2015, income has kept pace with rent here (+35.4% versus +30.8%), before adjusting for inflation.

Sources

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