Royal Palm Beach, FL Self Storage: FAQ
What kind of monthly rental rates do storage facilities in Royal Palm Beach typically charge?
Scoring a great deal on a storage unit in Royal Palm Beach has everything to do with knowing what kind of price range to expect. Your past experiences booking storage in other cities will be of little help here, as the average price of a storage unit in one city could be $100 higher than the next. There's no need to fret, however, as our analysts have gone through the data and have all the statistics on storage in Royal Palm Beach that you might need.
In Royal Palm Beach, storage units rent at an average of $116.53 a month. For those looking for a long term storage solution, that's an average of $1398.36 a year. However, it's important to note that this is the average for all storage unit sizes. There can be, and often are, substanial price differences between different unit sizes. The standard sizes of storage available in Royal Palm Beach include 5x10, 10x10, 10x15, 10x20, and 10x30. The following are the average prices for each size:
|Storage Unit Size||Average Price in Royal Palm Beach, FL|
Do Royal Palm Beach, FL self storage rental rates change depending on the time of year? If so, which months are the most and least expensive?
One of the most prominent factors involved with finding a cheap storage unit is the time of year you go searching for that unit, as storage prices change due to seasonal demand. Late spring to late summer is typically considered the high season, while fall, winter, and early spring are when prices are usually at their lowest. The day after Memorial Day (which those in the moving and storage industries often refer to as 'Crazy Tuesday') is typically seen as the start of the high season and is frequently the most expensive day to rent storage during that season. 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.
The difference between seasons is somewhat greater in Royal Palm Beach than it is elsewhere, meaning you should be more wary of seasonal effects. To avoid these seasonal changes as much as possible, try to lock in a rate during the slow season that will remain unchanged through the high season. Those looking for self storage in Royal Palm Beach will find the lowest prices in December, with its average price of $28.9. May, however, is the most expensive month, averaging $134.35.
How many storage businesses are there in Royal Palm Beach for me to compare? Does the city offer me a good number of facilities to choose from?
When it comes to finding self-storage, the more really is the merrier: more storage businesses in your area means more unit options available, and more options mean a greater chance you'll be able to choose a unit that satisfies your storage needs. So how many self-storage businesses are operating in Royal Palm Beach?
Industry experts at SelfStorage.com estimate that there are approximately 2 storage facilities servicing the Royal Palm Beach, FL community. That's a very small number of facilties compared to what's on offer in other Florida cities, a full 8 fewer than the Florida average of 10 per city. It makes sense then that Royal Palm Beach is only the 131st largest city for storage out of all 173 cities in Florida listed on our network, containing only 0.13% of all facilities in the state. Just as Royal Palm Beach has a below-average number of storage facilities for a city in Florida, the same is true on a national scale, where the city has 7 fewer facilities than the 9 that can be found in the average US city.
But making comparisons between any cities, whether it be comparing Royal Palm Beach to its neighbors in Florida or on a national scale, isn't a very fruitful excercise when we ignore a city's population. The population of Royal Palm Beach, FL is 30,750. With 2 self-storage facilities, does Royal Palm Beach offer relatively good or bad storage coverage? It seems clear, upon investigation, that Royal Palm Beach does in fact have a low number of storage facilities for its population. With 2 self-storage facilities it's 5 facilities below the average for cities in its 25,000 to 50,000 population bracket, which seems to indicate a low level of storage space. When we next look at Royal Palm Beach's actual per person self-storage facility count, our former conclusions seem to be affirmed beyond any reasonable doubt: the Royal Palm Beach community has few facilities for its size. The 2 self-storage businesses serving Royal Palm Beach rank it in the 14th percentile for facilities per person nationwide. That low rank indicates that there are very few storage businesses serving the 30,750 residents of Royal Palm Beach compared to other cities, which may make finding the right storage unit for you a more difficult task. Is Royal Palm Beach still relatively low on storage space compared to other cities in Florida? Indeed, it seems as if it is, as Royal Palm Beach only ranks in the 18th percentile for per capita storage space among cities in Florida.
We can't feel satisfied concluding our look at facilities per capita without mentioning the fact that Royal Palm Beach is seeing some major population growth. The city saw 39.9% more people move there from 2000-2010, a whole 22.3% more growth than the 17.6% Florida in total saw. On top of the demand generated by an influx of new inhabitants, low levels of facilities per capita could drive demand for a storage unit in Royal Palm Beach even higher.
Are storage prices in Royal Palm Beach relatively low?
Some of the most successful storage finds occur when the storage seeker includes nearby towns, suburbs, and neighborhoods in their search. The more expansive your search, the more facilities you'll be able to compare, and the more options you'll have. To some, the greater distance to the facility is worth the greater savings. That being said, if we can determine that self-storage (which also goes by mini storage and public storage) prices are lower in Royal Palm Beach 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.
Royal Palm Beach's average price of $116.53 a month for a unit ranks it as the 24th most expensive city for self-storage in Florida, which itself ranks as the 15th most expensive state for storage. In more exact terms, storage in Royal Palm Beach costs an average of $37.90 more than the average storage unit in Florida, which goes for 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. To give you a better idea of affordability, we've created a 'relative price' scale that estimates how expensive storage is for median income earners in that state. Given that the average price of a storage unit in Royal Palm Beach is $116.53 and the median income in Florida is $45,281.00 a year, we can determine that a storage unit would require 3.09% of a median earner's monthly paycheck. According to our calulations, this makes Royal Palm Beach quite the expensive place to rent a storage unit, its price as a percent of income coming in at the 86th percentile of all cities in Florida.
In addition, storage in Royal Palm Beach is also very expensive on the national scale, ranking at the 90th 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 $44.38 more than that for self storage in Royal Palm Beach.