Searching storage in Benicia without knowing how much a unit should cost is no way to go about finding a good price. Comparing rates at facilities you booked storage at in other cities can give the wrong expectations, as the average price for storage could be hundreds of dollars different in that location. To prevent you from going into your storage search in the dark, the analysts at SelfStorage.com have prepared the numbers you need to know.
On average, a self storage unit in Benicia will rent for $81.6 a month. If you're considering a longer stay in your storage unit then at that rate you'd be paying approximately $979.2 per year. This average does include all storage unit sizes, which means that it should be taken with a grain of salt. You can easily end up paying up to or exceeding twice as much money for the larger units than the smaller sizes. Self storage in Benicia comes in these standard sizes: 5x10, 10x10, 10x15, 10x20, and 10x30. Here are the average monthly rental rates for each size:
|Storage Unit Size||Average Price in Benicia, CA|
Finding the unit you need at the price you want has everything to do with what's available in your area, with more facilities offering more options. When it comes to the number of facilities operating in Benicia, how many options are available?
Analysts at SelfStorage.com report that there are an estimated 5 storage facilities located in the Benicia area. For a city in California, Benicia is home to relatively few storage facilities. The average city in California has 9 facilities listed on our network, a full 4 more than what can be found in Benicia. Benicia accounts for a mere 0.23% of facilities listed in California and only ranks as the 253 largest city out of the state's 253 in terms of number of facilities. In addition to having few facilities compared to other cities in California, Benicia also offers a below-average number of storage facilities compared to other cities across the nation: 4 fewer than the national average of 9, to be precise.
If we're making comparisons between cities, however, we're missing out on some important insights if we don't factor population in, even if we're simply comparing Benicia to the rest of California. Are the 5 facilities in Benicia sufficient at supplying the 26,180 people who call it home with enough extra storage space? For a city its size, Benicia is a bit below average when it comes to self storage facilities. Other cities in the 25,000 to 50,000 population bracket have an average 7 facilities, 2 more than the 5 on offer in Benicia. When we next look at Benicia's actual per person self-storage facility count, our former conclusions seem to be corroborated beyond any reasonable doubt: the Benicia community has few facilities for its size. The 5 facilities in Benicia for its 26,180 residents rank it in the 48th percentile for storage facilities per capita among cities across America. That's a relatively-low rank, and seems to indicate that there's not a whole lot of extra storage space in Benicia for those 26,180 people living there. However, though Benicia is below the 50th percentile at the national level, in terms of cities in California it falls in the 77th percentile, meaning it has a large amount of storage space per capita for its state.
To conclude our discussion of storage facilities per capita, it's worth noting that Benicia's population has been dwindling over the past few years. In the decade span between the 2000 and 2010 censuses, Benicia experienced a 2.8% decrease in inhabitants. During that same span, however, the state of California took on 10% more people. That low rate of growth relative to its state, combined with its high number of facilities per person, ought to make Benicia a storage renter's paradise.
As storage prices are closely tied to local real estate prices, it makes sense that rental rates can often differ substantially even in neighboring cities. Storage facilities just on the periphery of your current search might have some great rental rates, and you'll only find them if you search a little more broadly. This might make it more difficult to access your unit, but the extra money in your pocket every month may just be worth it. That being said, if we can determine that self-storage (which also goes by mini storage and public storage) prices are lower in Benicia than in other nearby cities, we can make it easier for you to decide whether or not to take the time on a wider search.
An average price of $81.6 a month for a storage unit makes Benicia the 117th most expensive city in California for self-storage, while California itself is the 9th most expensive state. To give you a better idea of what this means, Benicia's average price is $9.76 less than the state average of $91.36.
An average price alone, however, doesn't tell you if storage is or isn't more affordable in one city versus another, as the cost of living will also be different. We use our 'relative price' scale to calculate the relative affordability of storage in a given area using the state median income. A storage unit in Benicia will on average cost 1.79% of a median earner's monthly income, given that the yearly median income in California is $54,681.00. As a percentage of the local median income, storage costs rank at the 53rd percentile among cities in California, making Benicia more expensive than most cities.
Benicia self-storage prices are somewhat expensive on the national scale as well. When compared with cities on our national network they rank in the 58th percentile. To put that in more concrete terms, storage in Benicia should cost an average of $9.45 more than the national average price of 72.15.
Storage rental rates are highly seasonal, with prices often fluctuating widely throughout the year. Peaking in May through September, when most people in the United States move, and dropping to their lowest in October through March, when far fewer people move homes, storage prices and closely linked to moving patterns. Memorial Day weekend marks the definitive end to the low season. The following Tuesday is often so busy that it's popularly known as 'Crazy Tuesday' within the self storage industry. College students looking for a place to keep their things during the summer holiday can also have an effect on high season prices, pushing up prices on smaller units in particular, which is something to keep in mind if you live in a college town.
Our data shows that the average price of a storage unit does not change throughout the year in Benicia to the same degree as it does in most cities, so seasonality should be less of a hassle for those looking for storage in Benicia. Even though you shouldn't have to worry as much about your rates changing later in the year, it's always best to lock in your rate with the facility if possible. Your chances of getting a low price on a storage unit in Benicia are highest during July, when the average rental rate drops to a low $41.07. Your chances are lowest during October, which with an average price of $102.18 is the most expensive time to book a unit.
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, Benicia had an average home value of $425,000 which in the past year is up 0.265%.