The Cost of Self Storage in Newark, NJ
Self-storage is a convenient solution for those who are moving from one home to another, are in the midst of a renovation or are storing belongings that don’t fit in their home. The cost of self-storage units is dependent on numerous factors, including the size of the unit, the amenities it features, its location and how high the demand for off-site storage solutions is. In general, the more expensive real estate is in a given city and the more densely populated it is, the more expensive it is to rent storage space. Similarly, storage facilities that feature amenities like climate control and around-the-clock video surveillance are usually pricier.
In Newark, real estate costs are about 15% higher than the national average but about 30% lower than the statewide average, and the cost of self-storage in this city reflects this. A 5×5 unit in Newark costs an average of $32 per month, compared to the statewide average of $47 and the national average of $41. For larger 10×15 units, renters generally pay about $135 per month, which is lower than the statewide average of $174 but higher than the national average of $113.
| Average cost of storage units in Newark, NJ compared to state and national averages | |||
|---|---|---|---|
| Size of Storage Unit | City Average | State Average | National Average |
| 5×5 | $32 | $47 | $41 |
| 5×10 | $84 | $77 | $59 |
| 10×10 | $110 | $122 | $95 |
| 10×15 | $135 | $174 | $113 |
| 10×20 | $278.20 | $205 | $133 |
What to Consider when Looking for Storage in Newark, NJ
While renters should ensure that their storage unit is the right size for their belongings, there are other features to consider as well, including whether the unit is climate-controlled or what security measures are taken to keep items safe. In a climate-controlled storage unit, temperature and humidity levels are kept stable, which helps belongings maintain their appearance and functionality. Similarly, in areas with prevalent property crime, many renters choose to store their belongings in storage units that are protected with door alarms, 24-hour surveillance and passcode-protected entry gates.
In Newark, summers tend to be warm and winters are very cold. Additionally, the city’s property crime rate is relatively high at 39.4, compared to the national rate of 35.4 and the statewide rate of 25.0. For these reasons, renters often choose self-storage units that are climate-controlled and protected with modern security equipment, especially if belongings are going to be stored for an extended period of time.
Helpful Tips for Moving to Newark, NJ
Newark, the most populous city in New Jersey, is home to over 280,000 people. The city has a dynamic arts and culture scene and has one of the nation’s largest performing arts venues, the New Jersey Performing Arts Center. Newark is also a shopper’s paradise, featuring the state’s largest outlet mall, which is comprised of more than 200 stores, themed casual dining restaurants and a movie theater.
Newark is situated on Newark Bay and is conveniently located just 15 miles from Manhattan. It’s served by several county roads, including Route 56, Route 508, Route 510 and Route 603, and it has a safe, reliable public transportation system for those who prefer to leave their car at home. The average one-way work commute is 35.5 minutes, which is notably higher than the national average of 26.4 minutes.
