Relative Price in 87108
With a median income of $30,751 and an average price of $90.6 per month for a storage unit, renting storage for a year in 87108 Albuquerque would require 3.5% of a median earner's annual income. This ratio of storage price to median income is very high compared to other ZIP codes nationally, ranking in at the 85th percentile, which can allow us to conclude that storage in the 87108 is relatively expensive for most of its residents. When it comes to other ZIP codes in New Mexico, storage as a percent of median income is very expensive in comparison, ranking in at the 76th percentile.
Storage Coverage In 87108
There are 17,127 households in 87108 Albuquerque and approximately 166 storage units, meaning there are 0.00969 units per household. When compared to the ratio of units-to-households in other ZIP codes nationwide, 87108 has moderately low coverage, ranking in at the 45th percentile, which could make it less easy to find a unit here than elsewhere. 87108 has a moderately high number of storage units per household compared to other ZIP codes in New Mexico, ranking at the 56th percentile.
In terms of the number of people living in 87108, the ZIP code has a population of 37,645. With a total of 20,444 square feet of storage space in the ZIP, there are 0.54sqft of storage per person. This is a moderately-low number of square feet per person compared to other ZIP codes nationwide, placing in the 45th percentile. In terms of other ZIP codes in New Mexico, 87108 ranks at the 52nd percentile, meaning it has moderately high coverage compared to other ZIP codes in the state.