Individuals who ride public transportation save, on average, $9,968 annually and $831 per month, according to the American Public Transportation Association’s July Transit Savings Report.
These savings are based on the July 14, 2011 average national gas price ($3.66 per gallon- reported by AAA) and the national unreserved monthly parking rate.
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.
APTA releases its 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.