Self-Storage Marketplace SpareFoot Names ‘Top 15 Economic Power Towns’

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SpareFoot, an online marketplace for the self-storage industry, recently released a list of America's “Top 15 Economic Power Towns.” To compile the list, the company looked at U.S. towns with 50,000 residents or fewer (based on U.S. Census bureau data) that are home to at least one Fortune 500 company. More than 120 towns met the criteria. To rank the towns, SpareFoot analyzed the following characteristics:

  • Home-ownership rate
  • Median household income
  • Local unemployment rate
  • Percentage of residents living in poverty
  • Ratio of median home value to median income
  • Median value of owner-occupied homes

  The list includes the following towns:

  1. McLean, Va.
  2. Weston, Mass.
  3. Riverwoods, Ill.
  4. Franklin Lakes, N.J.
  5. Warren, N.J.
  6. Armonk, N.Y.
  7. Des Peres, Mo.
  8. Westport, Conn.
  9. Oak Brook, Ill.
  10. Dublin, Ohio
  11. Chesterbrook, Pa.
  12. Deerfield, Ill.
  13. Rye, N.Y.
  14. Lake Forest, Ill
  15. Bloomfield Hills, Mich.

Additional list statistics are available on The SpareFoot Blog.

Founded in 2008, SpareFoot.com helps consumers find and reserve self-storage units, with comparison shopping tools that show real-time availability and exclusive deals. With a network of more than 7,000 storage facilities ranging from mom-and-pop operations to real estate investment trusts, the company reaches prospective storage renters though partnerships with brands including SelfStorage.com, Apartments.com and Penske Truck Rental. 

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