From the American Public Transportation Association - Riding Public Transit Is a Slam Dunk29-Mar-2013 Is March Driving You to Madness? Saving Money by Taking Public Transportation is a Slam Dunk!
Riding public transportation saves individuals $9,947 a year.
Washington, D.C. Whether your brackets are in tatters or you have bragging rights in your office competition you can save money while spending your commuting time researching next year’s tournament if you take public transportation. According to the American Public Transportation Association’s (APTA) March Transit Savings Report, individuals who ride public transportation instead of driving can save, on average, more than $829 this month, and $9,947 annually. These savings are based on the cost of commuting by public transportation compared to the cost of owning and driving a vehicle which includes the March 26, 2013 average national gas price ($3.65 per gallon- 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 2012 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 and factoring in local gas prices for March 26, 2013 and the local monthly unreserved parking rate.*