How much is monthly parking in New York City?

Monthly garage parking in Manhattan commonly runs $400 or more, with Midtown and Lower Manhattan garages often $500-$700. Outer-borough neighborhoods are cheaper, frequently $250-$350 a month.

What is the NYC parking tax?

New York City charges a parking tax of 18.375% on garage and lot parking. Manhattan residents who qualify for the exemption pay a reduced rate of 10.375% on their primary vehicle.

Is hourly or monthly parking cheaper?

If you park most weekdays, a monthly garage spot is almost always cheaper than paying hourly. The calculator compares your hourly usage against a flat monthly rate so you can see the break-even.

Is my data sent anywhere?

No. Everything is calculated locally in your browser. Your inputs are never uploaded or stored on any server.

New York City Parking Cost Estimator

New York City parking cost estimator

Parking is one of New York City’s biggest hidden costs. This tool estimates your daily, monthly and annual parking spend using local garage rates (~$400/mo in Manhattan) and hourly street rates, then adds the 18.375% NYC parking tax so you see the true number — not just the sign price.

How it works

Pick monthly or hourly parking. For a monthly garage spot the cost is flat; for pay-as-you-go it scales with hours and days. Either way the NYC parking tax is applied on top:

pre_tax  = monthly_rate           (monthly)
        OR hourly_rate * hours_per_day * days_per_month   (hourly)
tax       = pre_tax * 18.375%      (10.375% with Manhattan resident exemption)
total_mo  = pre_tax + tax
annual    = total_mo * 12

The default neighborhood rates reflect typical NYC pricing; Midtown and Lower Manhattan are highest, the outer boroughs lowest.

Example and notes

A $400/mo Manhattan garage spot: the 18.375% parking tax adds $73.50, for $473.50 a month or about $5,682 a year. Paying hourly at $25 for 8 hours, 22 days a month, is $4,400 pre-tax — far more — so a monthly spot wins for daily drivers. Manhattan residents may qualify for the reduced 10.375% rate on one vehicle. Estimates only.