Relative Price in 38118
With a median income of $33,514 and an average price of $81.17 per month for a storage unit, renting storage for a year in 38118 Memphis would require 2.9% of a median earner's annual income. When compared to the ratio between storage prices and income in ZIP codes nationwide, storage in 38118 is slightly more expensive than most others, ranking in at the 72nd percentile nationally. In comparison to other ZIP codes in Tennessee, storage as a percent of median income is moderately expensive, ranking in at the 64th percentile.
Storage Coverage In 38118
There are 13,809 households in 38118 Memphis and approximately 1,642 storage units, meaning there are 0.11891 units per household. On a national scale, 38118 ranks in at the 71st percentile of units-per-household in every ZIP code, which means it should be relatively easy to find a storage unit here. 38118 has a very high number of storage units per household comapred to other Tennessee ZIP codes, ranking in at the 82nd percentile.
In terms of the number of people living in 38118, the ZIP code has a population of 41,464. With a total of 262,471 square feet of storage space in the ZIP, there are 6.33sqft of storage per person. This is a moderately high number of square feet per population compared to other ZIP codes nationwide, ranking in the 74th percentile. In terms of other ZIP codes in Tennessee, 38118 ranks at the 83rd percentile, meaning it has very high coverage compared to other ZIP codes in the state.