APTA: Public transit riders save $9K annually

Individuals who ride public transportation can save on average $9,062 annually based on the October 5, 2009 national average gas price and the national unreserved monthly parking rate.

“The Transit Savings Report” released monthly by the American Public Transportation Association (APTA) calculates the average annual and monthly savings for public transit users. The report examines how an individual in a two-person household can save money by taking public transportation and living with one less car.

Transit riders can save on average $755 per month. The savings amount is based on the cost of the national averages for parking and driving, as well as, the October 5 national average gas price of $2.461 per gallon for self-serve regular gasoline as reported by AAA, a slight decrease from last month’s price.

The national average for a monthly unreserved parking space in a downtown business district is $154.23, according to the 2009 Colliers International Parking Rate Study. Over the course of a year, parking costs for a vehicle can amount to an average of $1,850.

To calculate your individual savings with or without car ownership, go to www.publictransportation.org.