Global parking service provider Parkopedia has revealed that New York and Amsterdam are the world’s most expensive cities for short-term parking.
Specifically, New York is the most expensive city for two-hour off-street parking, at an average of US$34.94 (£27), while Amsterdam is the most expensive city for two-hour on-street parking, at an average cost of US$14.61 (£11.31).
The insights form part of Parkopedia’s 2019 Global Parking Index report, which examines cities across the world to understand the distribution of pricing, parking density and estimated yield within a city.
Regarding the cost of two-hour off-street parking, Sydney follows New York in second place, while London and Tokyo are the only non-US and non-Australian cities to make the top 10 list.
Interestingly, the report states that Amsterdam is one of the few cities where two-hour off-street parking is cheaper than two-hour on-street parking (on average 24%), reflective of the city’s stated policy of making the centre increasingly car-free.
Furthermore, Germany continues to offer relatively cheap parking, with Munich ranked 88th globally.
The three most expensive cities for daily parking in 2019 are London, New York and Sydney. Adjusting for purchasing power parity, Hong Kong, Moscow and Osaka break into the top 15 for daily prices.
London, New York and Zurich are also cited as the world’s most expensive cities for monthly parking. After purchasing power adjustment, 11 out of the top 15 cities come from Europe or Asia, including Amsterdam, Barcelona, Hong Kong, Paris, Seoul and Tokyo.
To receive the full report and ranking tables, please click here.
