Minimum wage worldwide: where can you live off the minimum wage?
We checked which countries have the most favourable ratio of basic grocery prices to minimum wage around the world
Most likely, no city in the world would be able to provide free parking for everyone. In places with high demand but a small number of parking spaces, city authorities introduce limited and paid parking zones.
Picodi.com analysts checked how much it costs to park a car in 48 capitals and large cities around the world, and what the discounts are for residents of these zones.
In this comparison, we took a closer look at the cost of one hour of on-street parking on a working day in areas with paid parking zones, and annual permits dedicated to residents of these areas.
Among the cities included in this study, the capital of the United Kingdom is the most expensive. One hour of parking in Greater London can cost up to $11.29. In Amsterdam, you pay $8.55 for parking in the very centre, and in the Norwegian capital, Oslo—$8.57 as well.
The hourly rate may vary depending on the demand for parking spaces in a given location. Usually, the further away from the centre, the lower the rate. Sydney is one of the cities where the price differs depending on the parking zone. One hour costs from A$5.40 to A$7.60 or from $3.94 to $5.55.
The cheapest city in the ranking is the capital of Armenia, Yerevan, where an hour of parking in the paid parking zone was priced at just $0.21.
People living in paid parking zones can park without time limits and at more favourable rates, provided they live in the city permanently and pay taxes there.
In 5 of the 48 cities included in this list, residents can leave their car on the street with a parking meter for free if they park near their place of residence e.g. Lisbon, Buenos Aires and Mexico City.
Sydney drivers registered in the paid parking zone can purchase a resident parking permit for A$82 per year ($60), entitling them to park on the street near their residence.
A similar resident permit in Auckland costs from $49, in Toronto—$164 (both regardless of the zone), and the most expensive—in Stockholm (from $407 to $1,492), Riga (from $342 to $1,163) and in Amsterdam ($36 to $647).
In 6 out of the 48 examined cities, residents of streets with parking meters do not have any residents’ discount. They have to buy a parking space in the garage, look for a free parking space outside the paid parking zone or purchase a parking permit under the general terms and conditions. These cities include New York, Kiev, Minsk and Tbilisi.
It is worth mentioning that paid parking zones rarely cover the entire city. For example, in Warsaw, only 8% of the city’s area is a zone, in Vienna—25%, in Prague—21%, and in Berlin—5%. The only exception is Paris, where the entire city is a zone.
We also checked how prices differ in the biggest cities in Australia.
For one hour of parking you have to pay the most in Sydney—from A$5.40 to A$7.60 and Melbourne—from A$4.00 to A$7.60. The second city with the most expensive parking is Brisbane where you have to pay from A$2.10 to A$5.50.
On the other hand, people living in Adelaide have to pay the most for the residents permit – A$210 per year. Perth took second place – A$118 and Sydney and Newcastle came third with the price of A$82 per year. The cheapest annual payment is available in Gold Coast where the permit is completely free.
On-street parking can be rather expensive and it might be a good idea to leave your car in the garage. With Picodi Cashback you can save money on services such as DriveMyCar, Uber, Bolt and GoCatch.
This study considers the rates for parking in paid parking zones on weekdays for a full hour, and the prices of residents’ permits entitling them to unlimited parking in paid zones near their place of residence excluding any discounts, for example, for electric or low-emission car owners, people with disabilities etc.
The prices come from the websites of city councils or units managing paid parking zones. The list of cities and institutions is available at this link.
The size of the zones in relation to the area of cities was calculated using the Google Earth mapping tool.
The currencies were converted at the average exchange rate from November 2021, according to Google Finance.
The infographics and statistical data presented in the report can be freely used for both commercial and non-commercial purposes, indicating the author of the study (Picodi.com) with a link to this subpage. If you have any questions, please contact us: research@picodi.com.
We checked which countries have the most favourable ratio of basic grocery prices to minimum wage around the world
We calculated how many man-days are required in order to earn enough money for the latest Apple flagship in different countries
We compared the single ticket and monthly pass prices and juxtaposed the transport expenses with local average wages
We examined the situation in Australia as well as in other countries in the world