Relative Price in 90016
With a median income of $37,223 and an average price of $228.19 per month for a storage unit, renting storage for a year in 90016 Los Angeles would require 7.4% 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 98th percentile, which can allow us to conclude that storage in the 90016 is relatively expensive for most of its residents. When it comes to other ZIP codes in California, storage as a percent of median income is very expensive in comparison, ranking in at the 100th percentile.
Storage Coverage In 90016
There are 16,145 households in 90016 Los Angeles and approximately 123 storage units, meaning there are 0.00762 units per household. When compared to the ratio of units-to-households in other ZIP codes nationwide, 90016 has moderately low coverage, ranking in at the 43rd percentile, which could make it less easy to find a unit here than elsewhere. 90016 has a somewhat-low number of units per household when compared to other ZIPs in California, ranking at the 26th percentile. If you're searching for storage here, you may want to expand your search.
In terms of the number of people living in 90016, the ZIP code has a population of 47,596. With a total of 13,457 square feet of storage space in the ZIP, there are 0.28sqft of storage per person. This is a moderately-low number of square feet per person compared to other ZIP codes nationwide, placing in the 37th percentile. In terms of other ZIP codes in California, 90016 ranks at the 24th percentile, meaning it has very low coverage compared to other ZIP codes in the state.