APTA: October Transit Savings Report

Don’t Let Monthly Car Costs Trick You Out of a Savings Treat

 

Washington, D.C. – The national average gas price rose slightly as we head into the Halloween season.    You can have more money for your treats and travel safely to and from your Halloween parties by taking public transportation instead of driving.

The annual savings is $9,699 for a person who switches his or her daily commute by car to taking public transportation, according to the American Public Transportation Association’s (APTA) October Transit Savings Report.  Individuals who ride public transportation instead of driving can save, on average, more than $808 per month.

These savings are based on the cost of commuting by public transportation compared to the cost of owning and driving a vehicle. These costs include the Oct. 25, 2016, national average gas price ($2.23 per gallon, as reported by AAA) and the national unreserved monthly parking rate.

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 latest report of the Colliers International Parking Rate Study.  Over the course of a year, parking costs for a vehicle can amount to an average of $1,995.

The top 20 cities with the highest public transit ridership are ranked in order of their transit savings based on the purchase of a monthly public transit pass.  The savings also factor in local gas prices for Oct. 25, 2016, and the local monthly unreserved parking rate.*

 City Monthly Annual
1New York $1,208$14,501
2San Francisco $1,077$12,921
3Boston $1,052$12,622
4Philadelphia $974$11,690
5Seattle $970$11,642
6Chicago $959$11,506
7Honolulu $937$11,240
8Los Angeles $919$11,030
9San Diego $871$10,456
10Portland $862$10,347
11Minneapolis$847$10,164
12Denver$833$9,990
13Baltimore$832$9,989
14Washington, DC$815$9,782
15Pittsburgh$795$9,540
16Cleveland$782$9,386
17Miami$767$9,208
18Atlanta$764$9,174
19Dallas$754$9,042
20Las Vegas$749$8,992

*Based on gasoline prices as reported by AAA on 10/25/16

Methodology

APTA calculates the average cost of taking public transit by determining the cost of the average monthly transit pass of local public transit agencies across the country.  This information is based on the annual APTA fare collection survey and is weighted based on ridership (unlinked passenger trips).  The assumption is that a person making a switch to public transportation would likely purchase an unlimited pass on the local public transit agency, typically available on a monthly basis.

APTA then compares the average monthly transit fare to the average cost of driving.  The cost of driving is calculated using the 2016 AAA average cost of driving formula.  That formula is based on variable and fixed costs.  The variable costs include the cost of gas, maintenance and tires.  The fixed costs include insurance, license registration, depreciation and finance charges.  The comparison also uses the average mileage of a mid-size auto at 23.1 miles per gallon and the price for self-serve regular unleaded gasoline as recorded by AAA on October 25, 2016 at $2.23 per gallon.  The analysis also assumes that a person will drive an average of 15,000 miles per year.  The savings is based on the assumption that a person in a two-person household lives with one less car.

In determining the cost of parking, APTA uses the data from the 2012 Colliers International Parking Rate Study for monthly unreserved parking rates for the United States which is the most recent report available.

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

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The American Public Transportation Association (APTA) is a nonprofit international association of 1,500 public and private sector organizations, engaged in the areas of bus, paratransit, light rail, commuter rail, subways, waterborne services, and intercity and high-speed passenger rail.  This includes: transit systems; planning, design, construction, and finance firms; product and service providers; academic institutions; transit associations and state departments of transportation.  APTA is the only association in North America that represents all modes of public transportation. APTA members serve the public interest by providing safe, efficient and economical transit services and products.

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CAT Service Alert!

There has been changes to bus schedules for Routes 3 West Chatham, 3B Augusta Ave, 4 Barnard, and the 25 MLK. There is also a new Route, the 5 Port Wentworth. These changes went into effect 11 March, 2024.

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