Reason for extended paid hours: On-street parking spaces are indisputably the most sought-after parking solutions in urban settings. Their convenience and accessibility make them prime assets for residents, commuters, and visitors alike. Contrary to traditional belief, demand for these spots does not wane after 7 p.m.
- Given the vibrancy of the city’s nightlife, commercial activities, and evening events, it’s arguable that demand intensifies post-7 p.m. By extending the paid parking hours to midnight, the city would be addressing this ongoing demand, ensuring that these premium spots do not remain occupied by the same vehicles for extended durations.
New hourly rate: In an effort to establish a balanced and equitable approach to parking pricing, it is recommended to consider a base price for parking that takes into account the median income of similar cities and their respective average parking rates
City of Charleston, SC
Per Capita Income (2021) $50,240 Average Parking Rate (Hour): $2.00 Parking Cost to Daily Income Ratio: 1.45%
City of Greenville, SC
Per Capita Income (2021): $48,837 Average Parking Rate (Hour): $1.00 Parking Cost to Daily Income Ratio : 0.75%
City of Mobile, AL
Per Capita Income (2021): $28,905 Average Parking Rate (Hour): $1.00 Parking Cost to Daily Income Ratio: 1.26%
City of Sarasota, FL
Per Capita Income (2021): $48,380 Average Parking Rate (Hour): $1.50 Parking Cost to Daily Income Ratio: 1.13%
City of Galveston, TX
Per Capita Income (2021): $33,645 Average Parking Rate (Hour): $1.50 Parking Cost to Daily Income Ratio: 1.63%
City of Wilmington, NC
Per Capita Income (2021): $38,890 Average Parking Rate (Hour): $2.50 Parking Cost to Daily Income Ratio: 2.35%
City of Pensacola, FL
Per Capita Income (2021): $38,656 Average Parking Rate (Hour): $0.50 Parking Cost to Daily Income Ratio: 0.47%
Read the report.