A real time dynamic vehicle parking price management method, system and processor-readable medium. Two factors can be considered in determining the parking price: the real time occupancy level and the historic parking demand. An assured price that follows from a background schedule can be pre-determined based on a historic parking data. Future demand can be estimated based on the historic occupancy data and price and the assured price can be made proportional to the estimated demand. The assured price can be simplified to be intuitive and easy to remember. A real time parking price can be determined by an occupancy feedback control. A controller can be employed to track the occupancy and to suggest the parking price in real time based on an occupancy set point to improve economic efficiency and reduce cruising for parking.