With a median income of $34,258 and an average price of $130.8 per month for a storage unit, renting storage for a year in 40505 Lexington would require 4.6% 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 94th percentile, which can allow us to conclude that storage in the 40505 is relatively expensive for most of its residents. When it comes to other ZIP codes in Kentucky, storage as a percent of median income is very expensive in comparison, ranking in at the 93rd percentile.
There are 11,020 households in 40505 Lexington and approximately 16 storage units, meaning there are 0.00145 units per household. In terms of units-per-household in ZIP codes nationwide, 40505 has very minimal coverage, ranking in at the 18th percentile, which could make finding a unit here difficult. 40505 has a somewhat-low number of units per household when compared to other ZIPs in Kentucky, ranking at the 33rd percentile. If you're searching for storage here, you may want to expand your search.
In terms of the number of people living in 40505, the ZIP code has a population of 26,040. With a total of 2,825 square feet of storage space in the ZIP, there are 0.11sqft of storage per person. This is a very low number of square feet of storage per capita compared to other ZIP codes nationwide, ranking in at only the 21st percentile. In terms of other ZIP codes in Kentucky, 40505 ranks at the 40th percentile, meaning it has somewhat-low coverage compared to other ZIP codes in the state.