Mobility

Public transit users save $9,052 annually

Posted on February 23, 2016

SFMTA
SFMTA

The annual savings is $9,052 for a person who switches their daily commute by car to taking public transportation, according to the American Public Transportation Association's (APTA) February Transit Savings Report. Individuals who ride public transportation instead of driving can save, on average, more than $754 per month.

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 Feb. 17, 2016 average national gas price ($1.71 per gallon- reported by AAA), and the national unreserved monthly parking rate numbers.

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, which is the most recent report available. Over the course of a year, parking costs for a vehicle can amount to an average of $1,995.

View comments or post a comment on this story. (0 Comments)

More News

Illinois-based MetroLINK debuts microtransit service

The 12-passenger wheelchair-accessible van will travel throughout the Village of Milan.

Despite alt. transit options, U.S. drivers spend 12% more time in cars

Walking, biking, riding a train or subway, and using a taxi or ride sharing service showed a downward trend.

JTA CEO Ford receives Eno Thought Leader Award

Many of Ford’s endeavors during his APTA chairmanship center upon what he calls the New Mobility Paradigm.

RTC debuts on-demand ride-share service on Las Vegas strip

"Trip to Strip" gives riders the opportunity to travel to popular Vegas hot spots without the hassle of traditional ride-share services.

Ecolane powering on-demand microtransit in Malta

The system checks the best ride available and provides the rider with their trip confirmation.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation