Driving Costs How Much?
Each month Yolo Commute sends a newsletter to its members with useful information about commuting and transportation. This month’s newsletter focuses on Yolo Commute’s accomplishments in FY 2021-22.
Many people are unaware, but purchasing an automobile is typically a household’s second largest purchase after their house and the most expensive consumer good purchase. According to Move.org, in 2021 the average annual cost to own, register, insure, and operate a car is over $5,500/yr or nearly $460/month! If your household owns two cars, then you’re likely near $10,000 per year. And as gas prices rise, so does the cost of driving.
Driving a car to work can also take a personal toll such as contributing to an inactive lifestyle, stress/anxiety from traffic, potential injury from or responsibility for crashes, and unproductive time commuting to work.