Galax city, VA at a glance
Median household income
$38,675$3,223 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Galax city, VA?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Galax city, VA? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Carroll County-Galax city, VA HUD Nonmetro FMR Area, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $765 | $9,180 | $30,600 | 23.7% |
| 1-Bedroom Apartment | $770 | $9,240 | $30,800 | 23.9% |
| 2-Bedroom ApartmentBenchmark | $914 | $10,968 | $36,560 | 28.4% |
| 3-Bedroom Home | $1,271 | $15,252 | $50,840 | 39.4% |
| 4-Bedroom Home | $1,481 | $17,772 | $59,240 | 46% |
What a typical income covers in Galax city, VA
The 50/30/20 rule applied to the local median of $38,675 a year ($3,223 a month before tax).
What $38,675 leaves after Virginia taxes
Federal income tax, Social Security, Medicare and Virginia tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Virginia
Living in Galax city, VA: common questions
What is the median household income in Galax city, VA?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Galax city, VA is $38,675 per year (approximately $3,223 per month).
What is the average rent in Galax city, VA?
The closest official figure is HUD's Fair Market Rent for 2026: $765 for a studio, $770 for one bedroom, $914 for two, $1,271 for three and $1,481 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Galax city, VA expensive to live in?
Prices there run 1.1% above the U.S. average. BEA's regional price parity for Virginia is 101.1, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Galax city, VA?
To keep a $914 two-bedroom under 30% of gross income, a household needs about $36,560 a year, or $3,047 a month. That is 95% of what the typical household in Galax city, VA earns.
How much do you need to live comfortably in Galax city, VA?
On the local median income of $38,675 ($3,223 a month before tax), the 50/30/20 rule leaves $1,611 a month for needs like rent, utilities and groceries, $967 for everything else and $645 for savings or debt. A two-bedroom at $914 takes 57% of the needs share.
How much is the electric bill in Galax city, VA?
Homes in Virginia paid 17.2¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $155. Your bill depends mostly on heating and cooling.