If you're new to searching for self storage in Anchorage you might not know what kind of prices should be expected. Any past experiences you might have booking storage in other cities will be of little help here, as the average price of a storage unit in one city could be hundreds of dollars higher than the next. In order to prevent you from going into your storage search in the dark, we've had our analysts comb through all the data on Anchorage storage you might need.
Storage units in Anchorage rent at an average monthly rate of $80. That monthly rental rate would come out to a yearly price of about $960, should you be thinking of renting for that length of time. Keep in mind that that average rate does not differentiate between the different unit sizes, and so should be taken with a sizeable grain of salt. Units of different square footage can go for hundreds of dollars more or less than others, even in the same storage facility. The standard sizes of storage units available in Anchorage include 5x5, 5x10, 10x10, 10x15, and 10x20. The average rental rates for each size of storage unit found in Anchorage are:
|Storage Unit Size||Average Price in Anchorage, AK|
More facilities in an area mean more options, with some cities offering storage-searchers a wide range and others one that's much more narrow. So are there a large or small number of storage businesses operating in Anchorage?
According to the data on our facility network, there are 40 storage businesses operating in Anchorage, AK. Anchorage's 40 facilities make it one of the larger cities for storage in Alaska: the state average is 21 facilities per city, 19 less than what's available in Anchorage. If we were to rank Anchorage among the other 2 cities in Alaska, it would come out as the 1st largest market for self storage, accounting for a surprising 97.57% of all facilities in the state. How does Anchorage fare against cities outside of Alaska? On a national scale, it still has more facilities than the average city, 31 more than the average 9, to be more precise.
Since, however, there are huge disparities in population between Anchorage and other cities in Alaska, comparing the number of storage businesses in each tells us very little. Anchorage, AK has approximately 286,174 inhabitants. Do the 40 storage businesses there offer the community enough storage space? If we compare Anchorage to other cities with populations of 250,000 to 1,000,000, we find that Anchorage doesn't quite offer as much storage space as these others do. The average for cities in that bracket is 49, which of course beats Anchorage by 9 facilities. In addition, if we look at Anchorage's per capita facility count, our former findings seem to be definitively affirmed: Anchorage does seem to have few facilities for its size. Anchorage's 40 self-storage facilities for its 286,174 residents ranks it in the 37th percentile for storage facilities per capita among cities across the country. That low rank means that there isn't as much storage space for each person in Anchorage as there is in most other cities. But does Anchorage have a low amount of storage space for a city in Alaska? As it turns out, it doesn't, instead scoring on the opposite side of the spectrum. In Alaska, Anchorage actually scores in the 100th percentile for storage units per capita, meaning that it has more space for each of its 286,174 residents than most cities in Alaska do for theirs.
Our discussion of facilities per capita can't be completed without mentioning Anchorage's modest population growth from 2000-2010, a period over which it took on 9.8% more people. That's a 3.5%-lower growth rate than Alaska, which grew by 13.3%, saw as a whole. On top of that relatively-low population growth, Anchorage offers a high number of storage businesses for the size of its population, meaning there should be no shortage of storage supply in Anchorage.
Some of the most successful storage finds occur when the storage seeker includes nearby towns, suburbs, and neighborhoods in their search. If you're searching for the cheapest storage unit out there, a good rule of thumb is to look farther abroad than you originally set out to. The sum you'll save each month could totally be worth the extra drive, especially if you'll only need to visit your unit on the rare occasion. We've had our analysts go over the data on self-storage (sometimes known as public self storage or mini storage) in Anchorage to see how it compares with other cities in its state.
Anchorage is the 1st most expensive city for self storage in the state of Alaska, with the average price of a storage unit there coming in at $80. Alaska itself is the 35th most expensive state for storage. To give you a better idea of what this means, Anchorage's average price is $17.88 more than the state average of $62.13.
While average prices will give you a good idea of how much you should expect to spend, they don't necessarily tell us if storage is relatively affordable in that city. That's why we've developed a 'relative price' scale that takes state median income into account. The median income in Alaska is $58,552.00, which means the average storage unit in Anchorage would require 1.64% of a median earner's monthly income. This is an extremely high percentage of income compared to other cities in Alaska, ranking in at the 100th percentile statewide. In other words, storage in Anchorage is nowhere near dirt cheap.
In addition to being somewhat expensive at the state level, storage in Anchorage is also somewhat expensive on the national scale, ranking at the 51st percentile when compared to other cities nationwide. Expect to pay $7.85 more than the national average of $72.15 when searching for self storage in Anchorage.
Anchorage self storage typically costs between $74 and $324 a month. Storage is currently in stock.
If you’re considering buying/selling a home instead of renting, it’s crucial to find a storage unit that will last you through the purchase or sale process. Especially when, according to Zillow, Anchorage had an average home value of $294,000 which in the past year is up 0.047%.