Relative Price in 55408
With a median income of $41,268 and an average price of $139.6 per month for a storage unit, renting storage for a year in 55408 Minneapolis would require 4.1% 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 91st percentile, which can allow us to conclude that storage in the 55408 is relatively expensive for most of its residents. When it comes to other ZIP codes in Minnesota, storage as a percent of median income is very expensive in comparison, ranking in at the 91st percentile.
Storage Coverage In 55408
There are 14,454 households in 55408 Minneapolis and approximately 10 storage units, meaning there are 0.00069 units per household. In terms of units-per-household in ZIP codes nationwide, 55408 has very minimal coverage, ranking in at the 6th percentile, which could make finding a unit here difficult. 55408 has a very low number of units per household compared to other ZIP codes in Minnesota, where it ranks in the 8th percentile. Those looking for storage might want to include adjacent ZIP codes in their search.
In terms of the number of people living in 55408, the ZIP code has a population of 30,643. With a total of 802 square feet of storage space in the ZIP, there are 0.03sqft of storage per person. This is a very low number of square feet of storage per capita compared to other ZIP codes nationwide, ranking in at only the 4th percentile. In terms of other ZIP codes in Minnesota, 55408 ranks at the 5th percentile, meaning it has very low coverage compared to other ZIP codes in the state.