Price comparison: Monthly car park parking fees

Parking a car in a big city can be ridiculously expensive. In fact and in the worst case scenario, you could spend more on parking fees than you do on gas, maintenance and car payments combined.

Hence, the Asian Wall Street Journal’s weekly Arbitrage column has recently conducted a survey of prices for a Ferrari Rosso helmet in various cities in Asia and around the world. The survey found that monthly car park fees were highest in Rome. In fact, it costs almost US$400 more to park your car in Rome than it does in notoriously car unfriendly London. In sharp contrast, it only costs the equivalent of US$54 and US$33 a month in Manila and Jakarta respectively.

Price Comparison*

Rome	€750	US$1,022
London	433 Pounds	US$651
Sydney	A$697	US$629
Hong Kong	HK$4,763	US$614
Tokyo	54,250 Yen	US$612
Brussels	€320	US$436
New York City	US$304	US$304
Frankfurt	€220	US$300
Paris	€163	US$222
Shanghai	933 Yuan	US$137
Bangkok	2,500 Baht	US$77
Manila	2,479 Pesos	US$54
Jakarta	308,333 Rupiahs	US$33

* Covered garage in a central business district. Prices are based on foreign exchange rates as of March 3, 2010.