A greater number of storage facilities equates to more available storage space, so the number of facilities operating in your city will be one of the most important factors in your storage search. So how many storage facilities are there in Shorewood?
Based on our data, we estimate that there are about 5 storage facilities doing business in the Shorewood, IL area. In fact, the Illinois state average is also 5 facilities. Among the 119 cities in IL, Shorewood has the 36th highest facility count, with 0.86% of all facilities. Though Shorewood is average among cities in its state, it has 4 fewer facilities than most cities across the nation do.
But of course, comparing the raw number of storage facilities in Shorewood to other cities in Illinois and nationwide without taking population into account tells us very little. So how does Shorewood, with its population of 15,749, compare to cities with similar populations? If we compare Shorewood to other cities with populations of 10,000 to 25,000, we find that Shorewood doesn't quite offer as much storage space as these others do. The average for cities in that bracket is 6, which of course beats Shorewood by 1 facilities. One might well argue that comparing Shorewood to cities of a like size doesn't necessarily show that there are few facilities for the size of its population, and that a better measure would be facilities per capita. And indeed, per capita data seems to have opposed our findings. With 5 facilities for its 15,749 residents, Shorewood ranks in the 63rd percentile for self-storage facilities per person in cities nationwide. In other words, there's a pretty good amount of storage for each person in Shorewood. Compared to other cities in its state, Shorewood still offers its inhabitants more storage space than most other cities, placing at the 81st percentile for Illinois cities.
The fact that Shorewood is growing, and doing so at a rapid rate, also bears mentioning in our discussion of storage facilities per person. The US Census reports that Shorewood saw 94.3% more people move there in the first decade of this century, 91% more than the 3.3% population that Illinois saw altogether. But though the people moving into Shorewood may generate more demand for storage units, remember that the city does have a high number of storage businesses per capita, which should help balance that added demand out.
It's often the case that storage prices can swing to the opposite end of the spectrum within a few blocks in the same city, just as real estate values are liable to do. A more expansive search could help uncover some hidden storage gems. 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 Shorewood 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.
Shorewood's average price of $129 a month for a unit ranks it as the 15th most expensive city for self-storage in Illinois, which itself ranks as the 12th most expensive state for storage. In more exact terms, storage in Shorewood costs an average of $44.64 more than the average storage unit in Illinois, which goes for 84.36.
But average prices don't necessarily tell you how affordable storage is in a given city, as money goes further in some states than it does in others. 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. A storage unit in Shorewood will on average cost 3.01% of a median earner's monthly income, given that the yearly median income in Illinois is $51,483.00. This is an extremely high percentage of income compared to other cities in Illinois, ranking in at the 86th percentile statewide. In other words, storage in Shorewood is nowhere near dirt cheap.
Shorewood self-storage prices are very expensive on the national scale as well. When compared with cities on our national network they rank in the 89th percentile. Nationwide, storage costs an average $72.15 a month. Expect to pay about $56.85 more than that for self storage in Shorewood.
Your hunt for a cheap storage unit won't be easy if you don't know how much a unit in Shorewood should cost. With rental rates being as dependent upon the facility's location as they are, comparing prices at facilities in Shorewood with those in other cities you might have rented a storage unit in in the past will do you little good. That's why our analysts have crunched the numbers so that you will be able to know what to expect before you begin your storage search.
self storage renters in Shorewood pay an average montly rate of $129. If your're in need of storage for a longer term, remember that at that rate a unit will cost you approximately $1548 a year. 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. There often are substanial price gaps between the various unit sizes. In Shorewood you'll have the option of renting six standard storage unit sizes, such as 5x5, 5x10, 10x10, and 10x20. In Shorewood, the average monthly rental rate for each standard size is:
|Storage Unit Size||Average Price in Shorewood, IL|
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, Shorewood had an average home value of $210,000 which in the past year is up 0.159%.