Relative Price in 55413
With a median income of $44,799 and an average price of $174.22 per month for a storage unit, renting storage for a year in 55413 Minneapolis would require 4.7% 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 95th percentile, which can allow us to conclude that storage in the 55413 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 97th percentile.
Storage Coverage In 55413
There are 6,094 households in 55413 Minneapolis and approximately 36 storage units, meaning there are 0.00591 units per household. When compared to the ratio of units-to-households in other ZIP codes nationwide, 55413 has moderately low coverage, ranking in at the 40th percentile, which could make it less easy to find a unit here than elsewhere. 55413 has a moderately high number of storage units per household compared to other ZIP codes in Minnesota, ranking at the 58th percentile.
In terms of the number of people living in 55413, the ZIP code has a population of 12,335. With a total of 4,038 square feet of storage space in the ZIP, there are 0.33sqft of storage per person. This is a moderately-low number of square feet per person compared to other ZIP codes nationwide, placing in the 39th percentile. In terms of other ZIP codes in Minnesota, 55413 ranks at the 50th percentile, meaning it has moderately high coverage compared to other ZIP codes in the state.