Publictransportation.org
Riding public transportation saves individuals, on average, $9,381 annually and $782 per month based on the August 10, 2010 average national gas price ($2.78 per gallon- reported by AAA) and the national unreserved monthly parking rate. Riding public transit as an alternative to driving is a proven way for individuals to cut monthly and yearly transportation costs while also reducing their carbon footprint.
The American Public Transportation Association (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 $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.
The top 20 cities with the highest transit ridership are ranked in order of their transit savings based on the purchase of a monthly public transit pass and factoring in local gas prices for August 10, 2010 and the local monthly unreserved parking rate.*
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