Relative Price in 7104
With a median income of $33,994 and an average price of $115.93 per month for a storage unit, renting storage for a year in 7104 Newark 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 7104 is relatively expensive for most of its residents. When it comes to other ZIP codes in New Jersey, storage as a percent of median income is very expensive in comparison, ranking in at the 93rd percentile.
Storage Coverage In 7104
There are 17,436 households in 7104 Newark and approximately 2,924 storage units, meaning there are 0.1677 units per household. In terms of units-per-household in ZIP codes nationwide, 7104 has a very high amount of coverage, ranking in at the 79th percentile, which means finding a storage unit should be no problem whatsoever. 7104 has a moderately high number of storage units per household compared to other ZIP codes in New Jersey, ranking at the 73rd percentile.
In terms of the number of people living in 7104, the ZIP code has a population of 45,737. With a total of 217,059 square feet of storage space in the ZIP, there are 4.75sqft of storage per person. This is a moderately high number of square feet per population compared to other ZIP codes nationwide, ranking in the 69th percentile. In terms of other ZIP codes in New Jersey, 7104 ranks at the 66th percentile, meaning it has moderately high coverage compared to other ZIP codes in the state.