Parking costs in big US cities: where are the most convenient and cheapest parking lots?

Car rental company FINN has released a study showing which major U.S. cities have the most affordable surface parking as well as the best amenities, reports USAToday.

Photo: IStock

The holiday season is approaching, which means many Americans will be preparing to travel by buying gifts and visiting loved ones.

And unless travelers walk or take the subway, there's a good chance they'll be looking for parking spots—and maybe even paying for them—when they arrive at their destination. Many vehicle owners may not particularly consider the high cost of parking.

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But recent research, published by FINN, revealed which of the United States' largest cities offer the most affordable surface parking with the best amenities.

FINN turned to SpotHero, an online parking reservation service, to examine parking costs in the most populous U.S. cities, as well as the types of amenities and services city parking lots offer, such as electric vehicle charging stations.

Which US cities have the most expensive parking?

Unsurprisingly, the most expensive city to park by a decent margin is New York City, where drivers can pay up to $443,51 a month for parking, the study found.

San Francisco, where drivers can pay up to $300 a month for parking, came in second, followed by Seattle and Philadelphia, where monthly parking costs average $250. Here is a list of other cities that were included in the top ten most expensive parking according to FINN:

• Washington, DC ($225)
• San Diego ($200)
• Cleveland ($179)
• Boston ($150)
• Miami ($150)
• Chicago ($143)

Where is the cheapest parking in the USA?

Not all large cities have such high prices for the luxury of parking a car there.

FINN found that Tulsa, Oklahoma, was the most accessible for drivers looking for a parking spot. Monthly expenses there average just $21,70 per month.

Drivers in Dallas and Memphis, Tennessee, pay an average of about $40 per month, while in Nashville, Tennessee, Houston, St. Louis and Riverside, California, parking costs about $50 per month.

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Here are other cities where parking was available:

• Phoenix ($51)
• Milwaukee ($65)
• Pittsburgh ($65)

Which cities have the best and worst parking availability?

For some drivers, more important than the cost of parking is the availability of parking.

Luckily for them, FINN looked into it too.

To begin with, the company counted the number of parking lots rated “excellent” (both above-ground and underground) in each city with at least 50 reviews. After counting the number of parking areas rated 4,5 stars or higher per 1,5 km, FINN then assigned each city a score (maximum 10) based on the number of parking spaces.

Here is a list of cities with the best parking availability, along with their FINN ratings:

• Baltimore (8,34)
• Chicago (8,26)
• Washington DC (7,88)
• Seattle (7,61)
• Oakland, California (7,22)
• Denver (6,87)
• San Francisco (6,49)
• Los Angeles (6,22)
• Milwaukee (6,22)
• Dallas (5,56)

Here is a list of cities with the worst parking availability and their ratings:

• San Diego (0,66)
• Fort Worth, Texas (1,27)
• Long Beach, California (1,27)
• Indianapolis (1,58)
• Cleveland (1,81)
• Riverside, California (1,85)
• Cincinnati (2,08)
• San Antonio (2,12)
• Detroit (2,20)
• St. Louis (2,24)

What else did the study find?

FINN also analyzed the prevalence of other parking spaces in major U.S. cities, including electric vehicle charging stations and wheelchair accessible spaces.

Chicago had seven sites with accessible EV charging stations, the most in the United States, according to FINN. D.C. and Baltimore each had three.

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Los Angeles was found to be the most accommodating for those who use wheelchairs, with 14 sites accessible to people with disabilities. Oakland came in second with 13, while Chicago and Baltimore each had 10, the study found.

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