Cost of Living in Galax city, VA

What does it cost to live in Galax city? Income, housing, and affordability breakdown.

Median Income

$44,612

Median Rent

$660/mo

Median Home

$109,300

Affordability

564

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$553
Property Tax$70
Insurance$36

Total Monthly$659
% of Income17.7%

Renting

Median Rent$660
Renter's Insurance$25

Total Monthly$685
% of Income17.8%

Living in Galax city, Virginia

Galax city has a median household income of $44,612 with housing costs that represent 17.7% of income for owners and 17.8% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 564 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Virginia

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.