Rates

Important Information Regarding Rates

For more information regarding our most recent rate changes, please read the letter from the Director.

Parking Rates (FY14)

Important Reminder: The FY14 parking permits are valid for 12 months starting July 1, 2013.

Permit Type FY14

Reserved Garage

$     3,192.00

Reserved Surface

$     3,000.00

Unreserved Garage

$     1,704.00

Unreserved Surface

$     1,596.00

Morn/After/3Day Garage

$     1,212.00

Morn/After/3Day Surface

$     1,152.00

Metered Surface

$        480.00

Evening Commuter Garage/Surface

$         80.00

Motorcycle Garage/Surface

$        276.00

Vendor

$     3,840.00

Tenant Garage

$     3,300.00

Tenant Surface

$     2,940.00

Parking Rates (FY13)

Permit Type FY13

Reserved Garage

$     2,964.00

Reserved Surface

$     2,784.00

Unreserved Garage

$     1,584.00

Unreserved Surface

$     1,476.00

Morn/After/3Day Garage

$     1,128.00

Morn/After/3Day Surface

$     1,068.00

Metered Surface

$        444.00

Evening Commuter Garage/Surface

$          72.00

Motorcycle Garage/Surface

$        252.00

Vendor

$     3,552.00

Tenant Garage

$     3,060.00

Tenant Surface

$     2,724.00

 

How Our Rates Compare

Unreserved On-Site Parking

Location Type Annual Cost FY13 Annual Cost FY14

Harvard Medical School

Garage and Surface

$       3,125.00

$     Currently Unavailable

BU Medical Campus

24-Hour Unreserved Garage      

$       2,700.00

$     Currently Unavailable

BU Charles River Campus

24-Hour Surface/Garage      

$       1,703.52

$     Currently Unavailable

Northeastern Preferred

Preferred Garage       

$       2,540.00

$     Currently Unavailable

BU Charles River Campus

Commuter Surface/Garage

$       1,193.40

$     Currently Unavailable

Northeastern University

Day Unreserved Garage

$       1,070.00

$     Currently Unavailable

MIT

Employee Commuter

$       1,192.00

$     Currently Unavailable

Commercial Parking

Location Type Annual Cost FY13

Harvard Square Garage               

24-hour    

$       5,400.00

Church Street Lot               

24-hour    

$       4,500.00

Charles Hotel               

24-hour    

$       4,200.00

University Place               

24-hour    

$       3,648.00

Benefits of Payroll Deduction

The cost of a Harvard parking permit can be reduced by up to 35% if it is paid for through automatic payroll deduction. The Internal Revenue Service allows employers to exclude the cost of parking for eligible commuting employees from state and federal payroll taxes. This means that when you use payroll deduction your Harvard parking permit fee is subtracted from your gross earnings before taxes are applied. This is similar to other tax-deferred deductions such as medical insurance and 403b investment plans. Depending on your income tax bracket, this results in net savings of up to 35% off the cost of your parking!

For example:

A staff member purchases a yearly unreserved surface parking permit through payroll deduction. Although the annual permit fee is $1,596.00, this amount is deducted before payroll taxes. Thus, the net cost will be approximately $1,037.40 - a tax savings of $558.60!

Please refer to the following table for examples of how pre-tax savings compares with net cost.

Pre-Tax Savings Table

Permit Type

FY14 Annual Rate

Estimated Net Cost w/Payroll Deduction

Reserved Garage

$     3,192.00

$     2,074.80

Reserved Surface

$     3,000.00

$     1,950.00

Unreserved Garage

$     1,704.00

$     1,107.60

Unreserved Surface

$     1,596.00

$     1,037.40

Other benefits to choosing payroll deduction include:

    • Payroll deductions spread over 11 months for users renewing online.
    • The average eligible daily commuter will pay $4.11 - $7.65 per day to park by choosing payroll deduction (average 21 working days per month).

Frequently Asked Questions

Why Are Parking Rates Going Up?

Harvard's academic mission has driven extensive campus development on sites formally used as surface lots. The cost to replace parking underground is in excess of $100,000 per space. Compared to open surface lots the cost to operate and maintain these new facilities is significantly higher.

How Much is the University Paying?

Funding for the parking operation, which includes the new parking infrastructure, comes from three sources; an infrastructure fee assessed on all new development, a yearly fringe benefits contribution, and increased parking rates. The combined contribution from the University(infrastructure and fringe benefits) will cover more than half of the expenses for parking. The permit holder will pay the remaining balance.

Can We Increase the Number of Parking Spaces?

While the City of Cambridge zoning requires that parking be provided in the approval process for any new building, other Cambridge regulations effectively limit the growth of parking in the City. Since the late 1980s, Harvard has been subject to a cap on the number of parking spaces allowed in Cambridge. Similar institutional master planning requirements exist in Boston for the Allston Campus.

What Are My Options if I Choose Not to Park?

Transportation Services offers a myriad of commuting options through its CommuterChoice program. Some alternatives to driving alone include carpooling, vanpooling, biking, and Zipcar privileges. In addition, the self service Daily Parking Permit purchasing system is available to employees who need to drive to work occasionally.

Will Rates Increase in the Future?

Parking rates are directly related to the cost of operating the parking operation. The operation includes managing the Parking Office as well as the construction and renovation of the parking infrastructure. With additional capital development and restoration planned for the years ahead, the costs to operate the parking operation will continue to increase. Parking rates will be reviewed each year in consideration of all these factors. 

You must have Javascript enabled to use this form.