Relative Price in 55447
With a median income of $87,273 and an average price of $198.07 per month for a storage unit, renting storage for a year in 55447 Minneapolis would require 2.7% of a median earner's annual income. When compared to the ratio between storage prices and income in ZIP codes nationwide, storage in 55447 is slightly more expensive than most others, ranking in at the 65th percentile nationally. In comparison to other ZIP codes in Minnesota, storage as a percent of median income is moderately expensive, ranking in at the 61st percentile.
Storage Coverage In 55447
There are 8,455 households in 55447 Minneapolis and approximately 46 storage units, meaning there are 0.00544 units per household. When compared to the ratio of units-to-households in other ZIP codes nationwide, 55447 has moderately low coverage, ranking in at the 39th percentile, which could make it less easy to find a unit here than elsewhere. 55447 has a moderately high number of storage units per household compared to other ZIP codes in Minnesota, ranking at the 52nd percentile.
In terms of the number of people living in 55447, the ZIP code has a population of 22,822. With a total of 6,035 square feet of storage space in the ZIP, there are 0.26sqft of storage per person. This is a moderately-low number of square feet per person compared to other ZIP codes nationwide, placing in the 36th percentile. In terms of other ZIP codes in Minnesota, 55447 ranks at the 44th percentile, meaning it has somewhat-low coverage compared to other ZIP codes in the state.