THE COST OF STORAGE

Renting a self-storage unit can be an immensely useful tool in anyone’s household. As we’ve detailed previously in the blog, the extra space can be used to cycle seasonal items to always keep what you are more likely to need close at hand and unused possessions out of the way. Winter months will see folks moving their jet skis and life vests from the garage and into their unit, meanwhile pulling the holiday decorations, winter clothes, and all the baking supplies needed for grandma’s hit cookies home for use.

But what’s the real cost of this ability? To figure this out we will take a look and compare pricing with the most expensive city in North America… New York City!

For a frame of reference, we are using the expatison.com cost of living calculators. New York City, the Big Apple, where as it so happens two pounds of apples will run you $4 (as opposed to Albuquerque’s $3). Not much of a difference you think? Well that ratio does not scale when it comes to real estate. Expatison.com lists the average monthly rent in an EXPENSIVE area of ABQ sitsat over $2000 less than New York City. That’s per month!

But let’s scale that back and look at a more modest living situation. A 500 sqft (furnished) studio would run $1,937 coming in at a little over $4 per square foot. Now in the City That Never Sleeps, space is a premium. How does that $4 compare to a storage unit so you can keep your living space clear for necessities and, you know, space to actually live? Looking at the average price of a simple 5 x 5 (25 sqft) unit in New York will find that dollar per footage coming in at $2.5, and that’s the average price. Shopping smart, as anyone would, can find you that same space for a measly $21.75 a month. That’s $0.87 per square foot!

When the goal is to keep a well-managed household, utilizing extra space provided by storage units can be a key strategy effective space management. Call us down at Albuquerque Self Storage (505-431-6747) today and let’s see how we can help you use your home for living and not just storing.

Recent Posts

  • Home Office Storage

Creative Ways to Maximize Your Home Office Storage Space

By |October 18, 2021|

If you are one of those crazy-talented people who has an enormous pile of papers and miscellaneous items littering your desk, yet you know exactly where everything is, this blog may not be for you. [...]

  • outdoor car storage

Everything You Need To Know About Outdoor Car Storage

By |October 11, 2021|

Welcome back to the Albuquerque Self Storage Blog! Today, we will answer any questions you may have about outdoor car storage. Choosing the right storage space for your vehicle can be a tricky decision, but [...]

  • secure self storage

The Importance of Locks and Secure Self Storage

By |October 4, 2021|

So you just invested in a storage unit, and you’re wondering how to keep your items as safe as possible. While choosing a safe facility is imperative, there is one major thing you can do [...]