Galax, VA is a small city located in southwestern Virginia. The rent for a two bedroom apartment is relatively low for the area at $770 compared to the US average of $1,430. Additionally, the cost of groceries in Galax is also lower with an index of 94 compared to 100 nationally. The city boasts many local companies such as Jeff's Furniture and Galax Music Center as well as several attractions like Blue Ridge Parkway and Wohlfahrt Haus Dinner Theatre which offers dinner and a show year round.
Galax has an unemployment rate of 5.2%. The US average is 6.0%.
Galax has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Galax
- The Sales Tax Rate for Galax is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Galax is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Galax
- The average income of a Galax resident is $20,081 a year. The US average is $28,555 a year.
- The Median household income of a Galax resident is $39,808 a year. The US average is $69,021 a year.