“Cheap California” looks at various slices of the state’s economy based on price.
Buzz: Need a cheap storage locker? Look inland.
Source: My trusty spreadsheet analyzed a report on pricing for self-storage units in 32 major California cities by StorageCafe and Yardi, looking at “street rates” as of December and the 12-month change.
Topline: Bakersfield ($85 per-square-foot average), San Bernardino ($104) and Fresno ($116) were the cheapest. Bakersfield (up 5.7%), Fresno (up 4.1%) and Santa Clarita (up 2.2%) had 2022’s biggest price hikes.
San Francisco ($264), Los Angeles ($253) and Salinas ($199) were homes to the most expensive storage units. Modesto (off 9.7%), San Bernardino (off 9.6%) and Ontario (off 7.4%) had the biggest price drops.
The national average for a standard 10-foot-square unit is $126.
Bottom Line: California’s 19 price drops in 2022 can be tied to new supply hitting the market and shifting demand within a return to a more “normal” post-pandemic life. Nationally, rates fell 2.3%. California’s median drop was 1.9%.
The numbers
How pricing varies across the state …
1. Bakersfield: $85 – up 5.7% in a year, No. 1 gain.
2. San Bernardino: $104 – off 9.6% in a year, No. 31 gain.
3. Fresno: $116 – up 4.1% in a year, No. 2 gain.
4. Stockton: $130 – off 6.6% in a year, No. 29 gain.
5. Modesto: $132 – off 9.7% in a year, No. 32 gain.
6. Lancaster: $133 – off 2.3% in a year, No. 18 gain.
6. Palmdale: $133 – off 6.3% in a year, No. 26 gain.
8. Riverside: $135 – up 0.9% in a year, No. 10 gain.
9. Fontana: $136 – off 5.3% in a year, No. 23 gain.
10. Moreno Valley: $139 – up 1.9% in a year, No. 5 gain.
11. Sacramento: $146 – off 6.3% in a year, No. 26 gain.
12. Elk Grove: $147 – off 5.6% in a year, No. 24 gain.
13. Ontario: $154 – off 7.4% in a year, No. 30 gain.
14. Oxnard: $164 – up 1.6% in a year, No. 7 gain.
14. Irvine: $164 – off 1.6% in a year, No. 16 gain.
16. Oceanside: $165 –…
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