Cheaper to park in L.A. than most major cities

It may be the city of cars, but Los Angeles is the land for cheap parking when compared to other major cities, according to a new study by Colliers International USA, a Boston-based real estate firm.

Angelenos pay an average of $192 for monthly parking, which is still higher than the nationwide average of $150, according to the report.

But it's far lower than the stinging $630 that Midtown New Yorkers can pay each month and the $460 that Bostonians fork out. In San Francisco, drivers pay about $350 and in Philly it's $298 on average a month while Chicago residents cough up $285.

With development in downtown the buzz word these days, it's doubtful Los Angeles will see this same parking deal for long. What are your thoughts? Tell our blog!