Tupelo, MS Self Storage: FAQ
What kind of rental rates should I expect on Tupelo, MS storage units?
Figuring out if a certain storage facility's offered price is any good is a hard call to make if you don't know how much a unit in Tupelo ought to cost in the first place. Since unit prices can change dramatically from one city to the next, the only real measure you have is other facilities in the immediate area. 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 Tupelo, storage units rent at an average of $50 a month. If you have long term storage needs, keep in mind that that's an average price of $600 a year. That average doesn't discriminate by size, so it shouldn't be taken as an extremely accurate figure. The price you end up paying will depend on the size of the unit you decide to book. There are six standard sizes of storage units in Tupelo, including: 10x10, 10x15, 10x20, and 10x30. The following are the average prices for each size:
|Storage Unit Size||Average Price in Tupelo, MS|
Is storage in Tupelo cheaper than in other cities?
It's not uncommon for another community a few miles down the road to offer substanial savings on storage compared to the rates in your community. One of the best pieces of advice we can give customers looking for the cheapest storage in their area is to expand the breadth of their search. Depending on how often you'll need to access your unit, this could be the way to go. That being said, if we can determine that self-storage (which also goes by mini storage and public storage) prices are lower in Tupelo 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.
An average price of $50 a month for a storage unit makes Tupelo the 17th most expensive city in Mississippi for self-storage, while Mississippi itself is the 31st most expensive state. To give you a better idea of what this means, Tupelo's average price is $13.32 less 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. In order to establish some kind of index of affordability for Tupelo storage, we've developed a 'relative price' scale which takes the cost of living in terms of state median income into account. The median income in Mississippi is $40,227.00, which means the average storage unit in Tupelo would require 1.49% of a median earner's monthly income. Compared to the price-as-percent-of-income in other Mississippi cities, Tupelo ranks at the 33rd percentile, making storage here relatively affordable.
When placed on a national scale and compared to cities across the country, storage prices in Tupelo are still relatively cheap, ranking at the 43rd percentile in terms of relative expense. To put that in more concrete terms, storage in Tupelo should cost an average of $22.15 less than the national average price of 72.15.
How easy is it to find a self storage unit in Tupelo, MS?
The more facilities there are in the area you're searching, the more options you'll have. So how many storage businesses are located in Tupelo?
Based on our data, we estimate that there are about 17 storage facilities doing business in the Tupelo, MS area. Tupelo is home to a slightly-higher number of storage facilities than most other cities in Mississippi. The average city in Mississippi is home to 10 storage businesses, 7 less than what can be found in Tupelo. If we were to rank Tupelo among the other 28 cities in Mississippi, it would come out as the 6th largest market for self storage, accounting for a surprising 6.21% of all facilities in the state. Even by national standards, Tupelo boasts a large number of facilities, 8 more than the national average of 9 facilities in each city.
'But what about self storage facilities per capita?', you might be thinking. Comparing Tupelo to other cities in Mississippi irrespective of population does, indeed, make little sense. Tupelo, MS has approximately 36,337 inhabitants. Do the 17 storage businesses there offer the community enough storage space? As it turns out, Tupelo actually does have a large amount of storage space for its size. Nationwide, cities with populations of 25,000 to 50,000 have an average 7 storage facilities, which is of course 10 less than the 17 found in Tupelo. One might point out that comparing Tupelo to cities of a similar size doesn't prove its healthy supply of storage space for the size of the population, and that a better measure would be actually looking at its facilities per capita. Well, we have, and it has firmly demonstrated our former results. In Tupelo, there's plenty of extra space to go around: on a self-storage facilities per capita basis, the city ranks in the 75th percentile nationwide, and so has a comparatively-huge amount of storage space for each of its 36,337 inhabitants. Just as Tupelo appears to have a large amount of storage space per person compared to cities across the nation, the same goes when we restrict the comparison to Mississippi, where Tupelo lands in the 66th percentile for facilities per capita among cities in the state.
Finally, according to US Census data, Tupelo's population grew by 5.9% between the 2000 and 2010 censuses, a surprising 1.6% more growth than the 4.3% that Mississippi grew as a whole. But though the people moving into Tupelo 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.
What's the best time of year to book self storage in Tupelo, MS?
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 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. 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.
Seasonality seems to be a very low factor in Tupelo self storage prices, with little change between high and low season prices. Despite the fact that seasonal price changes are less of a risk in Tupelo, they're not impossible, so a good idea might be to play it safe and lock in your rate for the entirety of your stay, if possible. March is the most expensive month for storage in Tupelo, with an average price of $64. The cheapest prices on storage in Tupelo can be found during the month of August, where the average cost of a unit is $19.99.