Relative Price in 55431
With a median income of $64,362 and an average price of $87.09 per month for a storage unit, renting storage for a year in 55431 Minneapolis would require 1.6% of a median earner's annual income. This is very affordable in terms of storage price as percent of median income in ZIP codes nationwide, ranking in at the 13th percentile nationally. In terms of other ZIP codes in Minnesota, storage as a percent of median income is very cheap, ranking in at the 14th percentile statewide.
Storage Coverage In 55431
There are 7,914 households in 55431 Minneapolis and approximately 212 storage units, meaning there are 0.02679 units per household. On a national scale, 55431 ranks in at the 53rd percentile of units-per-household in every ZIP code, which means it should be relatively easy to find a storage unit here. 55431 has a very high number of storage units per household comapred to other Minnesota ZIP codes, ranking in at the 82nd percentile.
In terms of the number of people living in 55431, the ZIP code has a population of 18,599. With a total of 19,075 square feet of storage space in the ZIP, there are 1.03sqft of storage per person. This is a moderately high number of square feet per population compared to other ZIP codes nationwide, ranking in the 51st percentile. In terms of other ZIP codes in Minnesota, 55431 ranks at the 70th percentile, meaning it has moderately high coverage compared to other ZIP codes in the state.