Relative Price in 49505
With a median income of $41,200 and an average price of $108.54 per month for a storage unit, renting storage for a year in 49505 Grand Rapids would require 3.2% 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 80th percentile, which can allow us to conclude that storage in the 49505 is relatively expensive for most of its residents. When it comes to other ZIP codes in Michigan, storage as a percent of median income is very expensive in comparison, ranking in at the 87th percentile.
Storage Coverage In 49505
There are 12,898 households in 49505 Grand Rapids and approximately 1,834 storage units, meaning there are 0.14219 units per household. On a national scale, 49505 ranks in at the 75th percentile of units-per-household in every ZIP code, which means it should be relatively easy to find a storage unit here. 49505 has a moderately high number of storage units per household compared to other ZIP codes in Michigan, ranking at the 61st percentile.
In terms of the number of people living in 49505, the ZIP code has a population of 31,893. With a total of 202,803 square feet of storage space in the ZIP, there are 6.36sqft of storage per person. This is a moderately high number of square feet per population compared to other ZIP codes nationwide, ranking in the 74th percentile. In terms of other ZIP codes in Michigan, 49505 ranks at the 55th percentile, meaning it has moderately high coverage compared to other ZIP codes in the state.