CITY PARKING REVENUE TAKES A BIG HIT.

• Position: YOUR LIFF

While restrictions in movement due to COVID-19 have meant fewer cars on the road, parking costs remain high in urban areas. The Fixter 2020 Parking Price Index offers a comparison of these costs.

New York has the highest parking prices in the world, costing 354.75% more than the global median price, followed by Boston, Mass. (282.85%), and Sydney, Australia (210.98%).

The U.S. in general has the highest parking prices in the world, with seven U.S. cities in the top 10 globally. While a marked reduction in pollution due to the pandemic has been a huge boon for the environment, many city councils face a great loss of income from the reduction in parking revenue.

As restrictions ease and movements increase, cities and drivers everywhere...