Relative Price in 84116
With a median income of $43,455 and an average price of $153.85 per month for a storage unit, renting storage for a year in 84116 Salt Lake City would require 4.2% 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 92nd percentile, which can allow us to conclude that storage in the 84116 is relatively expensive for most of its residents. When it comes to other ZIP codes in Utah, storage as a percent of median income is very expensive in comparison, ranking in at the 91st percentile.
Storage Coverage In 84116
There are 9,958 households in 84116 Salt Lake City and approximately 34 storage units, meaning there are 0.00341 units per household. When compared to the ratio of units-to-households in other ZIP codes nationwide, 84116 has moderately low coverage, ranking in at the 32nd percentile, which could make it less easy to find a unit here than elsewhere. 84116 has a somewhat-low number of units per household when compared to other ZIPs in Utah, ranking at the 45th percentile. If you're searching for storage here, you may want to expand your search.
In terms of the number of people living in 84116, the ZIP code has a population of 33,297. With a total of 10,912 square feet of storage space in the ZIP, there are 0.33sqft of storage per person. This is a moderately-low number of square feet per person compared to other ZIP codes nationwide, placing in the 39th percentile. In terms of other ZIP codes in Utah, 84116 ranks at the 40th percentile, meaning it has somewhat-low coverage compared to other ZIP codes in the state.