Cost of Living in Galax, VA

Population 6,698 · Virginia · Data vintage 2023

46
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

At $41,438, median household incomes in Galax land roughly 44% below the US median, a gap that tends to persist across local labor-market indicators. Around 23% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.

Geographically, Galax is about 55 miles northwest of Winston-Salem, the nearest large metro. Median home values run roughly 39% lower than Winston-Salem's $208,000.

Cost Overview

Housing 42
Rent 53

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Galax

The median home value in Galax is $126,800 — 58% below the national median of $305,000. Median rent runs $692/month, 47% lower than the national median of $1,314/month. The median household income of $41,438/year is 44% lower than the US median of $74,580. The local unemployment rate is 5.5%, above the national average of 4.8%. Virginia's top state income tax rate is 5.8% and the combined sales tax is 5.6%. The climate averages highs of 60.9°F and lows of 43.3°F, with about 34.6" of annual snowfall. Overall, Galax has a cost of living index of 46 versus the US average of 100, meaning it is 54% less expensive.

🏠 Housing

Median Home Value
$126,800
58% below avg
Zillow Home Value
$175,815
Zillow ZHVI
Median Rent
$692/mo
47% below avg
Price-to-Rent Ratio
15.3x
Favors buying
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$970
1 BR
$989
2 BR
$1,200
3 BR
$1,645
4 BR
$1,885
Owner-occupied 61.6%
Renter-occupied 38.4%

💰 Estimated Monthly Budget

Rent median rent
$692
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,306/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
20.7 min
23% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
3.0%

Commute Mode

Drove alone
80.1%
Carpooled
16.6%
Walked
0.4%
Work from home
3.0%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.8%
Total Sales Tax 5.6%
State rate 4.3%
Avg local rate 1.3%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$41,438
44% below avg
Per Capita Income
$31,429
Unemployment Rate
5.5%
14% above avg
Poverty Rate
23.4%
Labor Force Participation
57.0%

🎓 Education

Bachelor's degree+ 11.9%
Graduate degree 6.4%

👥 Demographics

Median Age 41.9
Male median age 42.5
Female median age 41.6

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
60.9°F
Avg Low
43.3°F
Annual Precip
41.2"
Annual Snowfall
34.6"
20° 35° 50° 65° 80° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 404351637076797873635243
Low °F 242733435158626155453528
Precip" 3.032.903.843.644.614.144.363.143.242.782.553.01
Snow" 9.98.86.50.90.00.00.00.00.00.51.46.6

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
13.2:1
Student-teacher ratio
3
Public schools
1,338
Total enrollment

Frequently Asked Questions

What is the cost of living in Galax, VA?

Galax has a cost index of 46 (100 = national average). It is 54% below the national average.

What is average rent in Galax, VA?

The median gross rent in Galax is $692 per month based on 2023 Census data.

What is the average home price in Galax?

The median home value in Galax is $126,800 according to Zillow and Census data.

What is the median income in Galax?

The median household income in Galax is $41,438 per year (2023 ACS 5-year estimates).

What is the sales tax in Galax, VA?

The combined state and local sales tax rate in Galax is 5.6%. The Virginia state income tax top rate is 5.8%.

Is Galax, VA affordable?

Yes, Galax is generally considered affordable, with a cost of living index of 46 — about 54% below the US national average of 100.

What is the weather like in Galax?

Galax has average high temperatures of 60.9°F and average lows of 43.3°F. Annual precipitation is 41.2". Average annual snowfall is 34.6". Data from NOAA 1991–2020 Climate Normals.

Galax at a Glance

Population
6,698
Median Income
$41,438
Home Value
$126,800
Median Rent
$692/mo
Unemployment
5.5%
Avg High Temp
60.9°F
Sales Tax
5.6%
View all cities in Virginia →
🗺️ County data for Virginia

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs