Leeds workers are sacrificing 28 per cent of their weekly wage on city centre parking, according to a new study.
Analysis by The Car People reveals that the city has the third most expensive city centre parking. The data shows employees in Leeds spent £113.68 per week on parking up.
Jonathan Allbones, sales director at The Car People said: “We know how expensive inner-city parking can be, and luckily most of us further up north benefit from free parking at work, however for those less fortunate there are excellent ways to try find spaces cheaper such as parkonmydrive.com which could save you a lot.”
The Car People analysed the price of city centre car parks during 8.30am to 5.30pm across the country, to discover the parking picture.
Nationally it found British workers could be losing just over 10 per cent of their annual salary parking their cars near the workplace.
The average Briton earns £27,000 a year with an annual income of £21,639 after tax. Earning £416 a week Britons could be losing 11 per cent of their weekly wage, paying out £44 on parking 15 minutes away from the city centre. Those earning minimum wage were found to be especially financially crippled by the daily commute, with daily parking fees resulting in a 14 per cent loss of their £300 weekly wage.
Unsurprisingly, The Car People’s research revealed London as the UK city with the most expensive city centre parking, costing an average of £218 a week and £11,375 a year – slashing London residents weekly wage by 42 per cent. Oxford was second.
Ely in Cambridgeshire is home to the cheapest city centre parking in the UK, with residents sacrificing a mere 1.5 per cent (£4.92) of their weekly wage to pay for parking. Stirling and Ripon were also found the be inexpensive cities for commuters to park, with residents losing a small fraction of their wage.
THE BEST AND WORSE PLACES TO PARK
It comes as no great shock to find London at the top of the Car People’s list for expensive city centre parking.
It swallowed up 42 per cent of workers’ weekly wage.
Oxford was seven percentage points behind it, and Leeds finished third on 28 per cent.
At the other end of the scale parking in Bradford took just five percent of the weekly wage.
Ripon in North Yorkshire was the second cheapest on 2 per cent.
But if you want cheap parking you may want to move to Ely in Cambridgeshire where the price for parking during the week is just £4.92.