Relative Price in 7105
With a median income of $43,412 and an average price of $109.28 per month for a storage unit, renting storage for a year in 7105 Newark would require 3% of a median earner's annual income. When compared to the ratio between storage prices and income in ZIP codes nationwide, storage in 7105 is slightly more expensive than most others, ranking in at the 75th percentile nationally. 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 81st percentile.
Storage Coverage In 7105
There are 15,829 households in 7105 Newark and approximately 47 storage units, meaning there are 0.00297 units per household. When compared to the ratio of units-to-households in other ZIP codes nationwide, 7105 has moderately low coverage, ranking in at the 31st percentile, which could make it less easy to find a unit here than elsewhere. 7105 has a very low number of units per household compared to other ZIP codes in New Jersey, where it ranks in the 16th percentile. Those looking for storage might want to include adjacent ZIP codes in their search.
In terms of the number of people living in 7105, the ZIP code has a population of 44,034. With a total of 3,160 square feet of storage space in the ZIP, there are 0.07sqft 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 13th percentile. In terms of other ZIP codes in New Jersey, 7105 ranks at the 2nd percentile, meaning it has very low coverage compared to other ZIP codes in the state.