Relative Price in 55401
With a median income of $69,441 and an average price of $161.75 per month for a storage unit, renting storage for a year in 55401 Minneapolis would require 2.8% of a median earner's annual income. When compared to the ratio between storage prices and income in ZIP codes nationwide, storage in 55401 is slightly more expensive than most others, ranking in at the 69th percentile nationally. In comparison to other ZIP codes in Minnesota, storage as a percent of median income is moderately expensive, ranking in at the 64th percentile.
Storage Coverage In 55401
There are 4,382 households in 55401 Minneapolis and approximately 32 storage units, meaning there are 0.0073 units per household. When compared to the ratio of units-to-households in other ZIP codes nationwide, 55401 has moderately low coverage, ranking in at the 42nd percentile, which could make it less easy to find a unit here than elsewhere. 55401 has a moderately high number of storage units per household compared to other ZIP codes in Minnesota, ranking at the 61st percentile.
In terms of the number of people living in 55401, the ZIP code has a population of 3,591. With a total of 3,348 square feet of storage space in the ZIP, there are 0.93sqft of storage per person. This is a moderately high number of square feet per population compared to other ZIP codes nationwide, ranking in the 50th percentile. In terms of other ZIP codes in Minnesota, 55401 ranks at the 67th percentile, meaning it has moderately high coverage compared to other ZIP codes in the state.