Photo: wikimedia/edited by autoevolution
It’s pretty obvious that riding the metro from home to work will save you cash, but no one did the math so far on a large scale to come up with some accurate figures. APTA (American Public Transportation Association) did it recently and you can save enough to buy a cool bike next year and cheat the rush our.
APTA’s study tell that public transport users save an average of $848 per month, making for around $10,000 less spent each year on other costs associated with owning a vehicle. The sum gets even bigger if you live in New York, where you can save up to $15,000 due to higher taxes.
The savings are based on the cost of roaming the city by public transportation compared to the cost of owning an driving a car, which include the May 28th, 2014 average national gas price of $3.65 per gallon and the monthly parking rate.
You might be tempted to say a car is not that a budget hole but if you stack up fuel costs, maintenance, tires, insurance, license registration, depreciation and finance charges, you can spend between $700 - $1,300 each month with your daily commute.
According to APTA’s list, New York citizens spend the most, with $15,041 each year, followed by San Francisco with $13,350 and Boston scoring $13,136. The rest of the top 20 can be seen in the list bellow.
Now don’t get us wrong here, we’re not telling you should stop driving. But it’s far more convenient to ride the metro during the week, save money and fund your passion for cars. On the other hand, what’s the pleasure of driving if you’re stuck in traffic during rush hour. You might have your own seat and a pleasant smell, but you’re wasting both time and money.
The savings are based on the cost of roaming the city by public transportation compared to the cost of owning an driving a car, which include the May 28th, 2014 average national gas price of $3.65 per gallon and the monthly parking rate.
You might be tempted to say a car is not that a budget hole but if you stack up fuel costs, maintenance, tires, insurance, license registration, depreciation and finance charges, you can spend between $700 - $1,300 each month with your daily commute.
According to APTA’s list, New York citizens spend the most, with $15,041 each year, followed by San Francisco with $13,350 and Boston scoring $13,136. The rest of the top 20 can be seen in the list bellow.
Now don’t get us wrong here, we’re not telling you should stop driving. But it’s far more convenient to ride the metro during the week, save money and fund your passion for cars. On the other hand, what’s the pleasure of driving if you’re stuck in traffic during rush hour. You might have your own seat and a pleasant smell, but you’re wasting both time and money.
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