Lithia, FL Self Storage: FAQ
What kind of rental rates should I expect on Lithia, FL storage units?
It's hard to tell a good price on storage from a great one when you're unaware of how much self storage in Lithia should cost in the first place. Since the average price of storage can be over $100 different between two cities in the same state, any past experiences booking storage elsewhere will be little help here. In order to prevent you from going into your storage search unprepared, we here at SelfStorage.com have prepared the numbers you need to know.
In Lithia, storage units rent at an average of $185 a month. Over the period of a year, that would cost approximately $2220, in case you're thinking of renting for a longer period of time. That average doesn't discriminate by size, so it shouldn't be taken as an extremely accurate figure. As you might expect, monthly rates will change depending on the size of the unit you choose. There are six standard sizes of storage units in Lithia, including: 5x10, 10x10, 10x15, and 10x20. The following are the average prices for each size:
|Storage Unit Size||Average Price in Lithia, FL|
Is self storage in Lithia cheap?
Some of the most successful storage finds occur when the storage seeker includes nearby towns, suburbs, and neighborhoods in their search. By expanding your search into areas you might not have thought to look, you might be able to happen upon some excellent deals. This might make it more difficult to access your unit, but the extra money in your pocket every month may just be worth it. Knowing whether or not you should look in nearby cities depends on whether or not self-storage (sometimes called mini storage or public self storage) in those cities is less expensive than in Lithia. We've gone ahead and figured that out for you.
Lithia's average price of $185 a month for a unit ranks it as the 4th most expensive city for self-storage in Florida, which itself ranks as the 15th most expensive state for storage. In general, storage units in Lithia go for $106.37 more than the state average of $78.63.
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. That's why we've developed a 'relative price' scale that takes state median income into account. A storage unit in Lithia will on average cost 4.9% of a median earner's monthly income, given that the yearly median income in Florida is $45,281.00. This is a very high percentage of income compared to other cities in Florida, ranking in at the 98th percentile statewide, which leads us to conclude that storage in Lithia is not cheap.
In addition, storage in Lithia is also very expensive on the national scale, ranking at the 98th percentile compared to other cities across the nation. The national average monthly price of a storage unit is $72.15. Depending on the size of unit you rent and the time of year, you should expect to pay approximately $112.85 more than that for self storage in Lithia.
When are Lithia, FL storage prices cheapest? Should I book in September or April?
The self storage market being of a seasonal nature, the prices on offer at the moment could be substantially different from those you'll see two months from now. This seasonality is primarily driven by moving season, which lasts from May to September and generally causes storage prices to spike. National Moving Day (the day following Memorial Day) is typically seen as the first real day of the high season and is often the busiest day of the year for storage facilities. Smaller unit sizes are often more strongly affected by seasonality, as college students make up a decent portion of those moving in the summer and tend to book 5x5 and 5x10 units.
Lithia goes through more extreme seasonal changes than most cities do. Those looking for storage here should try to hedge against these fluctuations by locking in their monthly rate. Your chances of getting a low price on a storage unit in Lithia are highest during April, when the average rental rate drops to a low $99. Your chances are lowest during September, which with an average price of $318 is the most expensive time to book a unit.