How much does it cost to install a parking meter
Each machine costs approximately £3,100 to purchase and £400 to install.
The running cost of a parking meter
The running costs are approximately £400 per annum for maintenance and £18 per month for networking and software. The recent £1 coin upgrades cost £198 per machine.
The average life of a parking meter
The average life of a parking meter is 10 years depending on location and whether there is any vandalism. Meters in seaside locations suffer from additional corrosion and need to be replaced more frequently