Parking cost

hotspots revealed

Parking charges

THE amount of money motorists shell out on parking in UK's major cities has been laid bare by recent research.

A 2022 study by vehicle leasing company Rivervale, which analysed the average cost of parking across the UK, has revealed that Londoners, specifically workers in the City of Westminster, are expected to pay the most to park their car during the working day.

Motorists in Westminster are currently paying an eye-watering £3,684 a year for parking if they were to work four days a week in the London borough. Islington was not far behind its neighbour, with average costs standing at £3,007, making it the third most expensive place to park.

Meanwhile, north of the border in Scotland, residents of Edinburgh are forking out an average of £3,483 per year, making it the second most expensive city in the UK to park your car for work.

This data is in stark contrast to the UK's second city, Birmingham, which offers an average of only £844 a year, making it the cheapest city to park. Newcastle-upon-Tyne was the only other major city to be below £2,500, coming in at £1,721.

Harrison Woods, chief executive at YourParkingSpace.co.uk which offers parking on private properties and driveways, said: "The sky-high price of parking will be a familiar pain for Londoners, but to learn how expensive it is in relation to other major cities around the country puts into perspective just how costly parking in our capital city really is.

"With the cost of household bills and everyday outgoings skyrocketing, millions of beleaguered homeowners are now assessing how they can tighten their purse strings.

"And with parking being a common everyday outgoing, considering how to cut back on this expense is a good place to start. Thankfully, parking on rented driveways is often cheaper, and more convenient than traditional parking options - helping motorists keep their parking bills to a minimum."

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