Parking tickets are an important part of city revenue - so big that the 16 major U.S. cities we studied collectively pull in over $1.4 billion in annual parking ticket revenue.
U.S. drivers spend an annual average of $20 billion in over parking ticket payment costs. On average, U.S. drivers spend 17 hours per year searching for a parking spot at a cost of $345 per driver in wasted time, fuel and emissions. Of course, when you focus on the top 10 cities, those numbers skyrocket. New Yorkers spend roughly 107 hours searching for a parking spot and average 85 hours of wasted driving time at an individual cost of $1,785 each year.
There is no doubt that parking rules are complex. It's almost natural that we get them wrong. In fact, confusing parking signs and rules bring in millions of dollars in city revenue each year.
Take San Francisco for example - some drivers have reported seeing red no-parking curbs with a parking meter. What about those signs that read: "No parking 2 am -6 am, except Sundays and holidays", or the 1-hour pay-to-park sign followed by another that reads 3 1/2 hour parking after 6 pm? The list goes on and it only gets more confusing.
Whether it's forgetfulness or inability to pay the fines, late fees on parking tickets are especially common among 25 to 34-year-olds. Millennials are most likely to leave a parking ticket unpaid for an extended period of time with 40% neglecting to pay their parking tickets until 60 days have passed, and another 30% saying they wait at least 30 days to pay accruing one or more late fees.
New York and Colorado residents are also notorious for accruing late fees, with 22% of drivers waiting at least 30 days to pay their tickets. Meanwhile, Massachusetts drivers had the longest outstanding parking tickets of all the states surveyed 14% of the drivers said they've left at least one parking ticket unpaid for 10+ years.