Searching for parking is more painful than ever for U.S. drivers. Mark spend an average of 17 hours a year searching for spots on streets, in lots, or in garages, according to a report issued Wednesday.
The hunt adds up to an estimated $345 per driver in wasted time, fuel, and emissions, according to the analysis by INRIX, a leading specialist in connected car services and transportation analytics.
Overpaying — caused by drivers' inability to estimate how long they need to park or forking over extra at a garage to avoid the risk of getting a parking ticket — costs Americans more than $20 billion a year or $97 per driver, the report estimated.
Hunting for parking "imposes significant costs on our pocketbooks that we often don't think about," and also adds to (traffic) congestion," said Bob Pishue, an INRIX transportation analyst and co-author of the report. "This is a problem not only drivers face, but local shops and businesses, too."
In New York City, the hardest-hit U.S. urban area, drivers on average spend 107 hours a year looking for parking spots, the report said. The searches add up to what the report estimates as $2,243 in wasted time, fuel, and emissions per driver, plus $4.3 billion in costs to the Big Apple.
Los Angeles, San Francisco, Washington and Seattle round out the top five cities with the toughest parking experiences, the report said.
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