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The first parking meter

October 26th, 2005

[Parking meter]

The world’s first parking meter was installed in Oklahoma City on July 16, 1935.

Carlton Cole Magee, who had invented and patented it, started the Magee-Hale Park-O-Meter Company to manufacture his parking meters. These early parking meters were produced at factories in Oklahoma City and Tulsa, Oklahoma.

From that early beginning, the use of parking meters by municipalities, colleges and universities, and private parking facilities has increased to the point that today, in the United States alone, there are an estimated five million parking meters in use.

Based on this number, if every parking meter collected only 25 cents per day, the gross revenues generated by parking meters in the U.S. for one day would be 1.25 million dollars ($1,250,000).

For more information on the history of parking meters, you can visit The Parking Meter Page.

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