Individuals who switch from driving to riding public transportation can save, on average, up to $830 this month, and up to $9,964 annually, according to the American Public Transportation Association’s (APTA) September Transit Savings Report.
These savings are based on the September 12, 2011 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 $155.22, according to the 2011 Colliers International Parking Rate Study. Over the course of a year, parking costs for a vehicle can amount to an average of $1,862.64.