Self Storage in Laurel, MS: Frequently Asked Questions
Is self storage in Laurel pricey?
Some storage seekers are able to find much cheaper rates by looking in nearby communities in addition to their own. A more expansive search could help uncover some hidden storage gems. Sure, it might be more of a pain to drive to the facility, but hundreds of dollars in potential savings might alleviate that. If we can show that self-storage (also known as public self storage and mini storage) in Laurel is more expensive than its surroundings, then you'll know to expand your search.
Laurel is the 9th most expensive city for self storage in the state of Mississippi, with the average price of a storage unit there coming in at $65. Mississippi itself is the 31st most expensive state for storage. To give you a better idea of what this means, Laurel's average price is $1.68 more than the state average of $63.32.
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. In Mississippi, the median income is $40,227.00 a year, which would make the average $65 unit in Laurel cost 1.94% of a median earner's monthly income. This is a somewhat-large percentage of income compared to other cities in Mississippi, ranking in at the 66th percentile statewide. We have to conlude from this that storage in Laurel is relatively expensive.
In addition, storage in Laurel is also somewhat expensive on the national scale, ranking at the 65th percentile compared to other cities across the nation. Nationwide, storage costs an average $72.15 a month. Expect to pay about $7.15 less than that for self storage in Laurel.
How easy is it to find a self storage unit in Laurel, MS?
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 storage businesses are located in Laurel?
Analysts at SelfStorage.com report that there are an estimated 9 storage facilities located in the Laurel area. When placed in comparison to other cities in the state, Laurel offers storage searchers relatively few facilities: the average city in Mississippi has 10 storage businesses listed on the SelfStorage.com network, 1 more than Laurel does. Laurel accounts for only 3.29% of facilities in Mississippi, ranking as the 11th largest storage market out of all 28 cities in the state. Nationally, Laurel's 9 storage facilities make it perfectly average.
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 Laurel to the rest of Mississippi. We ought to be comparing Laurel, with its population of 18,855, to cities of similar size. For its population, Laurel has a few more facilities than average. The average for cities with a population of 10,000 to 25,000 is 6 facilities, which of course is 3 less than the 9 in Laurel. But then again, such a population bracket covers a wide range of cities. A more accurate measure would be Laurel's per capita facility count--a measure which has demonstrated our former results, showing Laurel to indeed have plenty of storage space for its population. On a per capita basis, Laurel ranks in the 75th percentile for storage facilities compared with other cities nationwide, meaning there is a very high amount of storage space per person. Compared to other cities in its state, Laurel still offers its inhabitants more storage space than most other cities, placing at the 70th percentile for Mississippi cities.
We can't feel satisfied concluding our look at facilities per capita without mentioning the fact that Laurel is seeing some modest population growth. The city saw 3.1% more people move there from 2000-2010. Though that's not insignificant, it is 1.2% less growth than the 4.3% that Mississippi in total saw. With less demand for storage generated by fewer incoming inhabitants and a high amount of storage businesses per capita, Laurel would seem to be a great place to be searching for storage.
Are certain areas of Laurel pricier for storage than others?
Storage prices often follow real estate trends, which means that certain areas of Laurel can be significantly more or less expensive than others. The cheapest neighborhood for storage space in Laurel is within the 39440 ZIP code. The average unit there goes for $70.72 a month. The most pricey part of town to rent storage in is the 20723 ZIP code, where rates average $198.17 per month.
How much should I expect to pay per month for my Laurel self storage unit?
Searching for a storage unit in Laurel without knowing how much one should cost is no way to go about finding a good deal. 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. But there's no need to worry: we here at SelfStorage.com have all the data to help you go into your storage search well-informed.
In Laurel the average monthly rental rate for a storage unit is $65. To put that into perspective for those thinking of renting a unit for a year or more, that's about $780 per year. Keep in mind that that average does not differentiate between the different sizes of units, and so should be taken with a grain of salt. 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 Laurel, including: 5x5, 5x10, 10x10, 10x15, 10x20 and 10x30. For each standard size, the average price in Laurel is:
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