Relative Price in 20723
With a median income of $100,084 and an average price of $198.17 per month for a storage unit, renting storage for a year in 20723 Laurel would require 2.4% of a median earner's annual income. When compared to the ratio between storage prices and income in ZIP codes nationwide, storage in 20723 is slightly more expensive than most others, ranking in at the 53rd percentile nationally. In comparison to other ZIP codes in Maryland, storage as a percent of median income is moderately expensive, ranking in at the 62nd percentile.
Storage Coverage In 20723
There are 10,014 households in 20723 Laurel and approximately 52 storage units, meaning there are 0.00519 units per household. When compared to the ratio of units-to-households in other ZIP codes nationwide, 20723 has moderately low coverage, ranking in at the 39th percentile, which could make it less easy to find a unit here than elsewhere. 20723 has a very low number of units per household compared to other ZIP codes in Maryland, where it ranks in the 9th percentile. Those looking for storage might want to include adjacent ZIP codes in their search.
In terms of the number of people living in 20723, the ZIP code has a population of 24,123. With a total of 9,060 square feet of storage space in the ZIP, there are 0.38sqft of storage per person. This is a moderately-low number of square feet per person compared to other ZIP codes nationwide, placing in the 41st percentile. In terms of other ZIP codes in Maryland, 20723 ranks at the 12th percentile, meaning it has very low coverage compared to other ZIP codes in the state.