Relative Price in 55406
With a median income of $51,406 and an average price of $129.5 per month for a storage unit, renting storage for a year in 55406 Minneapolis 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 55406 is slightly more expensive than most others, ranking in at the 75th percentile nationally. In comparison to other ZIP codes in Minnesota, storage as a percent of median income is moderately expensive, ranking in at the 70th percentile.
Storage Coverage In 55406
There are 14,765 households in 55406 Minneapolis and approximately 1,837 storage units, meaning there are 0.12442 units per household. On a national scale, 55406 ranks in at the 72nd percentile of units-per-household in every ZIP code, which means it should be relatively easy to find a storage unit here. 55406 has a very high number of storage units per household comapred to other Minnesota ZIP codes, ranking in at the 97th percentile.
In terms of the number of people living in 55406, the ZIP code has a population of 32,434. With a total of 189,443 square feet of storage space in the ZIP, there are 5.84sqft of storage per person. This is a moderately high number of square feet per population compared to other ZIP codes nationwide, ranking in the 73rd percentile. In terms of other ZIP codes in Minnesota, 55406 ranks at the 97th percentile, meaning it has very high coverage compared to other ZIP codes in the state.