Galax city, Virginia
Income Data
At a Glance
How Galax city Compares
Detailed Income Statistics
Data Story
About Household Income in Galax city, Virginia
Galax faces significant income challenges
Galax's median household income of $41,438 is 44% below the national median of $74,755, ranking among the lowest-income communities in the nation. Like many Appalachian cities, Galax struggles with economic transition and job losses from manufacturing decline.
Galax ranks lowest in Virginia
Galax's median household income of $41,438 trails Virginia's state average of $74,957 by 45%, making it the lowest-earning municipality in this analysis. Per capita income of $31,429 is 20% below the state average.
Galax earns far less than comparison areas
Galax households earn $19,687 less annually than Franklin city ($65,125) and $26,910 less than Franklin County ($68,348). Only modest median home values of $126,800 provide any relief from broader economic stress.
Housing affordability at critical stress level
At 20.0%, Galax's rent-to-income ratio approaches the severe affordability stress threshold, with many households spending over one-fifth of earnings on housing alone. Economic hardship is widespread, and residents face tough tradeoffs between housing and other necessities.
Focus on income growth and stability
Galax residents earning $41,438 annually should prioritize stable employment, skill development, and education to increase earning potential. Community resources, workforce development programs, and local nonprofits can offer support for financial stability and pathways to higher-wage employment.
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Your income is above the Galax city median
County median: $41,438 per year
vs. County Median
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vs. State Average
-45%
vs. National Median
-45%
Income Adequacy
Your monthly income ($3,453) vs. median rent ($692/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.