A study of transportation database and analysis company INRIX showed Los Angeles drivers have to spend roughly 85 hours a year searching for a place to park.
Meanwhile, drivers in Los Angeles, the second largest city in the United States, have to pay 1,785 U.S. dollars per person in wasted time, fuel and emissions.
The INRIX Research, released on Tuesday, indicated that on average, U.S. drivers spend 17 hours per year searching for parking at a cost of 345 U.S. dollars per driver, but in big cities like New York or Los Angeles, the parking had been a terrible challenges.
The study shows the situation in New York was the worst, and the drivers there spend 107 hours per year searching for a parking spot at a cost of 2,243 U.S. dollars, followed by Los Angeles, San Francisco, Washington DC, Seattle, Chicago, Boston and Atlanta, all above 50 hours and 1,000 U.S. dollars a year.
"Americans spend an incredible 72.7 billion U.S. dollars searching for the elusive parking spot," said Bob Pishue, senior economist at INRIX. "Our country's parking pain has widespread impact on drivers, cities, the economy and the environment."
INRIX Research combined the world's largest parking database with survey results from nearly 6,000 drivers in 10 U.S. cities.