Here’s How Expensive It Is To Park In Charlotte

CHARLOTTE, NC -- When it comes to parking prices, Charlotte’s rates are among some of the most expensive found in major metropolitan areas in the United States, according to a new parking index released by Parkopedia.

The index ranks parking rates in the central business districts of the top 40 U.S. cities. The rankings are divided by hourly, daily and monthly parking rates and Charlotte ranks highly in all three categories.

To create the index, Parkopedia used data from more than 650 parking facilities that cover more than 300,000 parking spaces. Parking prices were calculated as the median of corresponding parking rates for all publicly available off-street parking facilities in a city center.

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According to the index, the median hourly parking rate in Charlotte’s city center is $7. By comparison, Denver, Miami and Newark had median hourly parking rates of $8, while Atlanta, Dallas and Nashville’s median hourly rates are $6.

The cities with the highest median hourly parking rates are:

1. New York City: $27
2. Chicago: $17
3. Boston: $16
4. Philadelphia: $12
5. Washington D.C.: $11
6. Minneapolis: $10
7. Los Angeles: $9.50
8. Cleveland: $9
9. Detroit: $9
10. Denver: $8

Charlotte’s median daily parking rate is $21 — the same as Washington, D.C., according to the index.

The cities with the highest median daily parking rates are:

1. New York City: $42.25
2. Boston: $34
3. Chicago: $30
4. San Francisco: $28
5. Miami: $25
6. Philadelphia: $25
7. Bellevue: $24
8. Seattle: $24
9. Minneapolis: $23
10. Charlotte: $21

The monthly median parking rate in Charlotte is $160 for unreserved monthly parking, meaning parking in a guaranteed but not a dedicated space. This rate is on par with Columbus and Detroit, but more expensive than Detroit, Miami and Raleigh. It’s nearly twice that of St. Louis’ $85 monthly median rate.

The cities with the most expensive median monthly parking rates for unreserved spots are:

1. New York City: $616
2. Boston: $425
3. San Francisco: $322.50
4. Seattle: $289
5. Philadelphia: $284.50
6. Washington D.C.: $274
7. Chicago: $265
8. Minneapolis: $260
9. Pittsburgh: $235
10. Bellevue: $222

Monthly rates pushed even higher in Charlotte when it came to reserved parking, which means parking in a guaranteed and dedicated space. In the Queen City, that will cost you, on average, about $215 a month, according to the study. Washington D.C., by comparison, had the highest median monthly rates at $555 a month.

The cities with the highest median monthly rates for reserved spots are:

1. Washington D.C.: $555
2. Boston: $550
3. Chicago: $547
4. Los Angeles: $418
5. San Francisco: $410
6. Seattle: $400
7. Baltimore: $375
8. Philadelphia: $370
9. Pittsburgh: $355
10. Bellevue: $325

You can see the full report here.

Photo via Shutterstock