Relative Price in 70114
With a median income of $34,356 and an average price of $144.2 per month for a storage unit, renting storage for a year in 70114 New Orleans would require 5% 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 96th percentile, which can allow us to conclude that storage in the 70114 is relatively expensive for most of its residents. When it comes to other ZIP codes in Louisiana, storage as a percent of median income is very expensive in comparison, ranking in at the 91st percentile.
Storage Coverage In 70114
There are 9,073 households in 70114 New Orleans and approximately 10 storage units, meaning there are 0.0011 units per household. In terms of units-per-household in ZIP codes nationwide, 70114 has very minimal coverage, ranking in at the 13th percentile, which could make finding a unit here difficult. 70114 has a very low number of units per household compared to other ZIP codes in Louisiana, where it ranks in the 11th percentile. Those looking for storage might want to include adjacent ZIP codes in their search.
In terms of the number of people living in 70114, the ZIP code has a population of 22,870. With a total of 1,325 square feet of storage space in the ZIP, there are 0.06sqft 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 11th percentile. In terms of other ZIP codes in Louisiana, 70114 ranks at the 11th percentile, meaning it has very low coverage compared to other ZIP codes in the state.