Relative Price in 38115
With a median income of $31,171 and an average price of $77.05 per month for a storage unit, renting storage for a year in 38115 Memphis would require 3% of a median earner's annual income. When compared to the ratio between storage prices and income in ZIP codes nationwide, storage in 38115 is slightly more expensive than most others, ranking in at the 75th percentile nationally. In comparison to other ZIP codes in Tennessee, storage as a percent of median income is moderately expensive, ranking in at the 71st percentile.
Storage Coverage In 38115
There are 15,409 households in 38115 Memphis and approximately 4,254 storage units, meaning there are 0.27607 units per household. In terms of units-per-household in ZIP codes nationwide, 38115 has a very high amount of coverage, ranking in at the 89th percentile, which means finding a storage unit should be no problem whatsoever. 38115 has a very high number of storage units per household comapred to other Tennessee ZIP codes, ranking in at the 94th percentile.
In terms of the number of people living in 38115, the ZIP code has a population of 39,129. With a total of 555,703 square feet of storage space in the ZIP, there are 14.2sqft of storage per person. This is a very high number of square feet of storage per capita compared to other ZIP codes nationwide, ranking in at the 89th percentile. In terms of other ZIP codes in Tennessee, 38115 ranks at the 92nd percentile, meaning it has very high coverage compared to other ZIP codes in the state.