Relative Price in 60640
With a median income of $43,975 and an average price of $124.71 per month for a storage unit, renting storage for a year in 60640 Chicago would require 3.4% 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 83rd percentile, which can allow us to conclude that storage in the 60640 is relatively expensive for most of its residents. When it comes to other ZIP codes in Illinois, storage as a percent of median income is very expensive in comparison, ranking in at the 89th percentile.
Storage Coverage In 60640
There are 34,315 households in 60640 Chicago and approximately 14 storage units, meaning there are 0.00041 units per household. In terms of units-per-household in ZIP codes nationwide, 60640 has very minimal coverage, ranking in at the 2nd percentile, which could make finding a unit here difficult. 60640 has a very low number of units per household compared to other ZIP codes in Illinois, where it ranks in the 5th percentile. Those looking for storage might want to include adjacent ZIP codes in their search.
In terms of the number of people living in 60640, the ZIP code has a population of 65,790. With a total of 1,628 square feet of storage space in the ZIP, there are 0.02sqft 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 1st percentile. In terms of other ZIP codes in Illinois, 60640 ranks at the 4th percentile, meaning it has very low coverage compared to other ZIP codes in the state.