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APTA: Transit users save $9,953 annually

Posted on January 17, 2014

The American Public Transportation Association’s (APTA) January Transit Savings Report shows that individuals who ride public transportation instead of driving can save, on average, more than $829 this month, and $9,953 annually.

The savings are based on the cost of commuting by public transportation compared to the cost of owning and driving a vehicle which includes the Jan. 16, 2014 average national gas price and the national unreserved monthly parking rate.  

APTA releases this monthly Transit Savings Report to examine how an individual in a two-person household can save money by taking public transportation and living with one less car.

The national average for a monthly unreserved parking space in a downtown business district is $166.26, according to the 2012 Colliers International Parking Rate Study. Over the course of a year, parking costs for a vehicle can amount to an average of $1,995.

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