Considered by many to be New York State's innovation capital, Rochester's strong economy is dedicated to some of the most advanced technology in the world. With the University of Rochester and the Rochester Institute of Technology providing the brains and Kodak, Bausch & Lomb and Xerox providing the high-tech jobs, Rochester is set for continued economic success. On top of that, Rochester continually ranks highly as one of the most livable cities and one of the best places to raise a family. Of course, if you're a Rochesterian or are on the path to becoming one you already know all that--but do you know how much a self storage unit in Rochester costs relative to the city's median income?
Scoring a great deal on a storage unit in Rochester has everything to do with knowing what kind of price range to expect. 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. That's why, in order to make sure you go into your storage search as well-informed as possible, we've gone ahead and gathered the data for you.
In Rochester the average monthly rental rate for a storage unit is $96.78. If you're thinking of renting a unit for the long term, that's approximately $1161.36 per year. Don't, however, take that number too seriously, as it doesn't discriminate by unit size. Different sizes of units can go for hundreds of dollars more or less than others, even in the same city. Storage units in Rochester come in these standard sizes: 10x10, 10x15, and 10x20. The following are the average prices for each size:
|Storage Unit Size||Average Price in Rochester, NY|
Certain areas of Rochester can be significantly cheaper or more expensive for storage than others. Focus your storage search on the 98579 ZIP code of Rochester, where units rent for an average $82.90 a month, the lowest in the entire city. Units rent at the highest price in the 55902 ZIP code, where they average $216.14 a month.
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. If you're searching for the cheapest storage unit out there, a good rule of thumb is to look farther abroad than you originally set out to. Sure, it might be more of a pain to drive to the facility, but hundreds of dollars in potential savings might alleviate that. But is it worth expanding your search, or is self-storage (commonly called mini storage or public storage) cheaper in Rochester than its surroundings? We asked the analysts at SelfStorage.com to find out.
An average price of $96.78 a month for a storage unit makes Rochester the 43rd most expensive city in New York for self-storage, while New York itself is the 6th most expensive state. In more exact terms, storage in Rochester costs an average of $0.20 more than the average storage unit in New York, which goes for 96.58.
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 Rochester is $96.78 and the median income in New York is $50,994.00 a year, we can determine that a storage unit would require 2.28% of a median earner's monthly paycheck. As a percentage of income, storage costs rank at the 62nd percentile among cities in New York, making Rochester more expensive than most cities.
In addition, storage in Rochester is also very expensive on the national scale, ranking at the 76th percentile compared to other cities across the nation. Expect to pay $24.63 more than the national average of $72.15 when searching for self storage in Rochester.
The demand for storage being as highly seasonal as it is, moving between highs and lows throughout the year, the season you decide to book a unit during can have as much affect on the price you pay as any other factor. The high season lasts from late spring to late summer, the most popular period for those moving into a new home. The day following Memorial Day is typically the busiest of the high season, and is known in the industry as 'National Moving Day' and 'Crazy Tuesday for the number of people who decided to move and rent storage on that day. University towns often see the sharpest seasonal spikes, as college students rent a significant number of storage units when they go home during their summer break. Smaller sized units in particular will see a rise in price during this period.
According to our data, Rochester's rental rates aren't as dependent on the time of year as other cities, which leads us to conclude that seasonality is less of a factor here. However, even though prices are less likely to change dramatically in Rochester, locking in a rate for your entire stay often allows you to bargain the total price down. The lowest prices on self storage in Rochester can be found during the month of September, with an average price of $60.08, while the most expensive month is June, with an average price of $156.29.
If your area is well-served by a large number of facilities, finding the right unit might be easier for you than for others in communities where less storage space is on offer. About how many storage facilties are serving the Rochester area?
Based on our data, we estimate that there are about 28 storage facilities doing business in the Rochester, NY area. The average city in New York hosts 6 storage businesses, 22 less than what's on offer in Rochester. In other words, Rochester offers great storage coverage for its state. Out of all 113 cities in New York listed on the SelfStorage.com network, Rochester ranks as the 5th-highest in terms of number of storage businesses, accounting for 4.07% of facilities. Rochester also has a large number of facilities for a city on the national scale, with 19 more facilities than the national average of 9.
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 Rochester to the rest of New York. Rochester, NY has approximately 207,294 inhabitants. Do the 28 storage businesses there offer the community enough storage space? The average number of facilities listed on our storage network in cities with populations of 100,000 to 250,000 is 18. As Rochester's facility count beats that by 10, we can establish that Rochester has a bit more storage space than average for a city its size. Our conclusion that Rochester has plenty of facilities for its population, however, seems to be contradicted by its per capita facility count. Per person, Rochester ranks in the 36th percentile for self-storage facilities among cities across the nation. That means that 28 storage businesses serving a city of 207,294 people isn't a very high number, and indicates that finding the necessary storage space in Rochester could be more difficult than in other cities. Does Rochester perform any better in terms of per capita facilities for cities in New York? Apparently even then the city is somewhat low on storage space, only ranking in the 36th percentile for facilities per person in New York.
Lastly, with regards to facilities per capita, we feel it worth mentioning that Rochester saw its total population fall by 5.5% over the first ten years of this century. The rest of New York, however, did quite the opposite, taking on 2.1% more people in that same time period. Keep in mind, though, that while there's probably not as much demand generated by people moving into town as there is in other New York cities, Rochester already has relatively fewer storage facilities for its size than many of those faster-growing cities.
Are you looking for a crazy-awesome deal on a self storage unit in Rochester, NY? September offers the cheapest prices on storage, while the best area to find storage is in the 98579 ZIP code. Do your best to avoid searching in June, when unit prices hit their pinnacle, and keep in mind that the 55902 area is more expensive than other areas.
Rochester self storage typically costs between $155 and $336 a month. Storage is currently in stock.
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, Rochester had an average home value of $61,000 which in the past year is down 0.007%.