The 2010 American Automobile Association (AAA) Your Driving Cost report says you are paying about $8,430 each year to drive your car everyday!1 And that doesn't include parking. Yikes!
Own a minivan or sport utility vehicle? Well, you're probably paying about $11,000 each year to own and operate it.2 Of course, there is a less expensive way to get to work everyday.
What does it mean for your work commute?
If your average daily work commute is 10 miles round trip, you're spending about $28 a week just to get to and from work, not including parking costs. Comparably a monthly transit pass will run you $16.30 per week.3 And while research on the cost of bicycling or walking is sparse, estimates suggest it is less than $5 a week.
And if you are riding transit, biking, or walking you are not only saving money but getting healthy. Studies show even the short walk to and from the transit stops can make a big impact on weight loss and personal health.
Want to see less of your paycheck going towards getting you to work? Consider changing your mode a couple days and week and take some pressure off the pocket book
1 Estimate based on AAA numbers of $.56 per mile at 15,000 miles driven annually for a medium sized sedan. Cost estimates differ depend on the vehicle driven and the amount of miles traveled.
2 Estimate based on AAA numbers of $.74 per mile at 15,000 miles driven annually for a SUV.
3 Estimate is based on the cost of a TriMet 2-Zone annual pass, which will get you at least 5 miles (10 miles round trip) from downtown Portland. At $715/year it runs $13.75 a week.