Galax, VA Profile: Facts & Data

Galax, Virginia - Basic Facts

The City of Galax had a population of 6,683 as of July 1, 2024.

The primary coordinate point for Galax is located at latitude 36.6612 and longitude -80.924 in Galax (city) County. The formal boundaries for the City of Galax encompass a land area of 8.24 sq. miles and a water area of 0.04 sq. miles. Galax (city) County is in the Eastern time zone (GMT -5).

The City of Galax has a C7 Census Class Code which indicates an incorporated place that is independent of any county. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

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Galax, VA Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	6,683 (100%)
Population in Households	6,411 (95.9%)
Population in Families	5,042 (75.4%)
Population in Group Quarters¹	272 ( 4.1%)
Population Density	811
Diversity Index²	56


INCOME
Median Household Income	$40,143
Average Household Income	$74,510
% of Income for Mortgage⁴	20%
Per Capita Income	$31,565
Wealth Index⁵	64
Socioeconomic Status Index⁶	Moderate (45.1)

HOUSING
Total HU (Housing Units)	3,157 (100%)
Owner Occupied HU	1,773 (56.2%)
Renter Occupied HU	1,051 (33.3%)
Vacant Housing Units	333 (10.5%)
Median Home Value	$128,264
Average Home Value	$164,298
Housing Affordability Index³	128

HOUSEHOLDS
Total Households	2,824
Average Household Size	2.27
Family Households	1,615
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

3,157 (100%)

Owner Occupied HU

1,773 (56.2%)

Renter Occupied HU

1,051 (33.3%)

Vacant Housing Units

333 (10.5%)

Median Home Value

$128,264

Average Home Value

$164,298

Housing Affordability Index³

128

HOUSEHOLDS

Total Households

2,824

Average Household Size

2.27

Family Households

1,615

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.13%	-0.14%
Households	-0.05%	-0.03%
Families		-0.19%
Median Household Income		1.56%
Per Capita Income		3.47%
Owner Occupied HU		0.63%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.13%

-0.14%

Households

-0.05%

-0.03%

Families

-0.19%

Median Household Income

1.56%

Per Capita Income

3.47%

Owner Occupied HU

0.63%

Galax, VA - Peer Comparisons by Rank and Percentile

The table below compares Galax to the other 688 incorporated cities, towns and CDPs in Virginia by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 178	74th
Population Density	# 293	58th
Median Household Income	# 583	15th
Housing Affordability Index	# 578	84th
Per Capita Income	# 436	37th
Diversity Index	# 264	62nd

Variable Description

Rank

Percentile

Total Population

# 178

74th

Population Density

# 293

58th

Median Household Income

# 583

15th

Housing Affordability Index

# 578

84th

Per Capita Income

# 436

37th

Diversity Index

# 264

62nd

Virginia Census Data Comparison Tool

Galax, VA Profile: Facts & Data

Galax, Virginia - Basic Facts

Galax, VA Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Galax, VA - Peer Comparisons by Rank and Percentile

Galax, VA - Most Popular Things to Do

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Galax (city) County