Scoring an excellent price on a storage unit in St Paul often comes down to knowing what kind of price range to expect. Being that the average price of storage unit can be different by hundreds of dollars between two cities in the same state, any past experiences booking storage elsewhere will help you little in figuring out how much you should pay. But you needn't fret, need to fret,as our analysts have sifted through the data and have all the figures on storage in St Paul that you might need.
Storage businesses in St Paul rent out their units at an average price of $157.5 a month. Those of you searching for a long term storage solution should know that that's an average of $1890 per year. This average does include all storage unit sizes, which means that it should be taken with a grain of salt. As should be expected, monthly rates will be quite different depending on thedimensions of the unit you choose. The standard sizes of storage units available in St Paul include 5x5, 5x10, 10x10, 10x15, 10x20 and 10x30. Here are the average monthly rental rates for each size:
|Storage Unit Size||Average Price in St Paul, MN|
As self storage is a seasonal industry, the prices you're seeing now may be very different from those on the same unit at the same facility a few months down the road. Storage prices generally reach their peak during the period from May to September, coinciding with moving season. The single busiest day of the high season is typically National Moving Day, also called 'Crazy Tuesday' by storage facility operators for the amount of activity they see that day, which is the day after Memorial Day. In addition to families moving between homes, college students renting storage for the summer also contribute to demand during the high season, particularly in college towns.
Seasonality is not particularly pronounced in St Paul, meaning that month-to-month prices vary less than they do elsewhere. Sudden seasonal price swings could of course still happen, and one of the best ways to prevent your rates from exploding is by locking them in for the entirety of your stay when you first sign the contract with the facility. Those looking for self storage in St Paul will find the lowest prices in November, with its average price of $91.77. January, however, is the most expensive month, averaging $157.5.
Finding storage is a game of numbers, and one important number is that of the amount of storage facilities in your city. More facilities bring more options, so the odds of finding the perfect unit increase as the number of facilities in your area does. When it comes to the number of facilities operating in St Paul, how many options are available?
26 storage facilities in St Paul, MN are listed on SelfStorage.com's facility network. If you were wondering how that compares to other cities in the state, it's a very high number of facilities for a city: the average city in Minnesota offers only 6 storage facilities, 20 less than St Paul. St Paul also boasts the 2nd highest count of storage facilities out of all 26 cities in Minnesota, making up 16.46% of the state's facility count. But what about on a national scale? Even then, St Paul has more storage facilities than the average city, 17 more than the average 9, to be exact.
But making comparisons between any cities, whether it be comparing St Paul to its neighbors in Minnesota or on a national scale, isn't a very fruitful excercise when we ignore a city's population. St Paul, MN has approximately 288,448 inhabitants. Do the 26 storage businesses there offer the community enough storage space? It seems clear, upon investigation, that St Paul does in fact have a low number of storage facilities for its population. With 26 self-storage facilities it's 23 facilities below the average for cities in its 250,000 to 1,000,000 population bracket, which seems to indicate a low level of storage space. Indeed, that St Paul has relatively few storage facilities for its population is verified once more when we look at its per person facility count. Among storage facilities across the United States, St Paul ranks in the 22nd percentile for self-storage facilities per resident. That extremely-low rank indicates a low amount of self storage space for the 288,448 inhabitants of St Paul, meaning the securing your ideal storage unit could be more difficult in St Paul than it is in other cities. Compared to other cities in Minnesota, on the other hand, St Paul doesn't seem so lacking in storage facilities per capita. In the scope of its state, St Paul ranks in the 52nd percentile.
Sometimes storage prices in the next town or suburb over are significantly cheaper than those in your immediate area. A more expansive search could help uncover some hidden storage gems. Depending on how often you'll need to access your unit, this could be the way to go. But on the other hand, if we can show that self-storage (commonly known as mini storage or public self storage) is cheaper in St Paul than its surroundings, there's no reason to waste time looking elsewhere.
St Paul is the 3rd most expensive city for self storage in the state of Minnesota, with the average price of a storage unit there coming in at $157.5. Minnesota itself is the 10th most expensive state for storage. In more exact terms, storage in St Paul costs an average of $69.12 more than the average storage unit in Minnesota, which goes for 88.38.
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. Given that the average price of a storage unit in St Paul is $157.5 and the median income in Minnesota is $55,896.00 a year, we can determine that a storage unit would require 3.38% of a median earner's monthly paycheck. This is an extremely high percentage of income compared to other cities in Minnesota, ranking in at the 91st percentile statewide. In other words, storage in St Paul is nowhere near dirt cheap.
In addition to being very expensive at the state level, storage in St Paul is also very expensive on the national scale, ranking at the 93rd percentile when compared to other cities nationwide. 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 $85.35 more than that for self storage in St Paul.
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, St Paul had an average home value of $150,000 which in the past year is up 0.172%.