Relative Price in 38112
With a median income of $34,626 and an average price of $125.64 per month for a storage unit, renting storage for a year in 38112 Memphis would require 4.4% 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 93rd percentile, which can allow us to conclude that storage in the 38112 is relatively expensive for most of its residents. When it comes to other ZIP codes in Tennessee, storage as a percent of median income is very expensive in comparison, ranking in at the 94th percentile.
Storage Coverage In 38112
There are 6,768 households in 38112 Memphis and approximately 192 storage units, meaning there are 0.02837 units per household. On a national scale, 38112 ranks in at the 53rd percentile of units-per-household in every ZIP code, which means it should be relatively easy to find a storage unit here. 38112 has a moderately high number of storage units per household compared to other ZIP codes in Tennessee, ranking at the 60th percentile.
In terms of the number of people living in 38112, the ZIP code has a population of 17,472. With a total of 28,430 square feet of storage space in the ZIP, there are 1.63sqft of storage per person. This is a moderately high number of square feet per population compared to other ZIP codes nationwide, ranking in the 55th percentile. In terms of other ZIP codes in Tennessee, 38112 ranks at the 60th percentile, meaning it has moderately high coverage compared to other ZIP codes in the state.