Sometimes storage prices in the next town or suburb over are significantly cheaper than those in your immediate area. The more expansive your search, the more facilities you'll be able to compare, and the more options you'll have. You might have to spend more on gas getting out to that unit, but the savings you'll be building up could totally compensate for that. If we can show that self-storage (also known as public self storage and mini storage) in East Providence is more expensive than its surroundings, then you'll know to expand your search.
An average price of $66 a month for a storage unit makes East Providence the 10th most expensive city in Rhode Island for self-storage, while Rhode Island itself is the 11th most expensive state. When searching for storage in East Providence, expect to pay $20.33 less than Rhode Island's average price of $86.33.
These average prices don't necessarily tell you how affordable storage in one city is compared to another, as the cost of living changes from place to place. In order to establish some kind of index of affordability for East Providence storage, we've developed a 'relative price' scale which takes the cost of living in terms of state median income into account. In Rhode Island, the median income is $51,143.00 a year, which would make the average $66 unit in East Providence cost 1.55% of a median earner's monthly income. Compared to the price of storage as a percent of income in all Rhode Island cities, East Providence ranks at the 25th percentile, which means that self-storage here is very affordable.
In addition to being relatively cheap at the state level, storage in East Providence is also relatively cheap on the national scale, ranking at the 46th percentile when compared to other cities nationwide. To put that in more concrete terms, storage in East Providence should cost an average of $6.15 less than the national average price of 72.15.
It's nearly impossible to know what a good monthly rate on a storage unit is if you don't know what kind of prices to expect in East Providence. Even though you may have booked storage units in other cities in the past, prices could be quite different in your current location, which makes it difficult to know what the standard price is. Which is why, in order to ensure that you go into your storage search as well informed as possible, we've gone ahead and processed the data for you.
In East Providence, self storages rents at an average rate of $66 a month. If your storage needs are longer-term, keep in mind that that would equate to an average price of $792 per 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. Units of different dimensions will of course go for different prices. The standard sizes of storage units in East Providence are: 5x10, 10x10, 10x15, and 10x20. Below you'll find the average monthly price per size:
|Storage Unit Size||Average Price in East Providence, RI|
Storage rental rates are highly seasonal, with prices often fluctuating widely throughout the year. The high season typically begins in April or May and lasts till August or September, with prices dropping back down to their lowest in the late fall and winter. National Moving Day (the day following Memorial Day) is typically seen as the first real day of the high season and is often the busiest day of the year for storage facilities. Cities with high proportions of university students may see more pronounced seasonal highs and lows, as many students book storage units during the summer.
East Providence self storage prices on average change very little throughout the year relative to other cities, making seasonal price changes less of a worry for renters. Still, hunting for storage during the cheapest month of the year is always a great way to find a good deal. The lowest prices on self storage in East Providence can be found during the month of December, with an average price of $44, while the most expensive month is October, with an average price of $99.5.
More facilities in an area mean more options, with some cities offering storage-searchers a wide range and others one that's much more narrow. So does East Providence offer plenty of options when it comes to different storage facilities?
Analysts at SelfStorage.com report that there are an estimated 2 storage facilities located in the East Providence area. Is 2 facilities more or less than what can be found in other cities in Rhode Island? Unfortunately for those looking for storage in East Providence, it's a whole lot less: the average city in Rhode Island offers 3 facilities to choose from, a whole 1 more than in East Providence. East Providence accounts for a mere 5.56% of facilities listed in Rhode Island and only ranks as the 13 largest city out of the state's 13 in terms of number of facilities. In addition to having few facilities compared to other cities in Rhode Island, East Providence also offers a below-average number of storage facilities compared to other cities across the nation: 7 fewer than the national average of 9, to be precise.
'But what about self storage facilities per capita?', you might be thinking. Comparing East Providence to other cities in Rhode Island irrespective of population does, indeed, make little sense. East Providence, RI has approximately 48,570 inhabitants. Do the 2 storage businesses there offer the community enough storage space? East Providence's 2 facilities put it under most other cities of similar size, as it turns out. For cities with the 25,000 to 50,000 population group, the average number of self-storage facilities is 7, which of course is 5 more than can be found in East Providence. East Providence, it seems, is lacking in extra storage space. That East Providence has few facilities for its size seems to be further verified when we look at East Providence's actual per capita storage facility coverage. The 48,570 people who call East Providence home have access to only 2 storage businesses, which puts the city in the 7th percentile for facilities per capita among US cities. That clearly indicates a very low level of storage coverage for a city its size. Among cities in Rhode Island, East Providence ranks in the 16th percentile for storage facilities per capita, meaning that even compared to its neighbors in Rhode Island, East Providence offers its population a relatively low amount of self-storage space.
It's worth mentioning that East Providence has seen its population shrink in recent years, its population dwindling by 0.4% from the 2000 census to the 2010 census. During that same period, however, the state of Rhode Island actually saw a population increase of 0.4%. Concluding that demand for storage in East Providence would be lower than in other cities in Rhode Island due to its relatively-low growth rate would, however, be ignoring the fact that East Providence has fewer facilities for its population than many of these cities, and that a shorter supply would have the same effects on price as high demand.
East Providence self storage typically costs between $76 and $142 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, East Providence had an average home value of $159,000 which in the past year is up 0.003%.