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Parking's Hidden Cost for Hub Renters ... Even Car-Less Ones

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If your Boston apartment building has parking, it's very likely costing you a chunk of change every month—even if you don't have a car. The above chart, courtesy of Seth Goodman at Reinventing Parking (h/t Streetsblog), shows how. Basically the idea is that the cost of building and maintaining a parking space is factored into the monthly rent of an apartment, whether or not the tenant residing there drives. What is that cost? The average is $225 a month for the major U.S. cities surveyed. Boston, Chicago, San Francisco and New York all carry above-average parking costs. Go figure.
· How Much of Your Rent Covers the Hidden Cost of Parking? [Streetsblog]
· Boston's One-to-One Apartment-Parking Ratio Will Never Die [Curbed Boston]
· Our Renters Week 2015 archive [Curbed Boston]