|
Indicator
Unit: cents per mile
View
Legend
|
Automobile Ownership -
Cost Per Mile
|
|
Value: |
58.5 cents |
| Measurement
Period: |
2010 |
|
Location: |
National |
|
Categories: |
Transportation/Personal Vehicle Travel |
| What is this
Indicator? This indicator shows the average cost per
mile for a medium sized sedan as determined by the Research and
Innovative Technology Administration (RITA) at the United States
Department of Transportation's (USDOT). |
| Why this is
important? The average family spends nearly 18
percent of household income on transportation - more than on food,
healthcare, or clothing. The annual cost of owning and driving a
car as compared to riding public transit, bicycling, or walking is
a significant added expense that households incur with each car
they own. For the privilege of driving, households realize costs
associated with vehicle financing or lease payments, auto
insurance, license fees, and taxes, maintenance costs and
fuel. |
| Technical Note: |
| Source: Research and
Innovative Technology Administration |
| URL of Source:
http://www.bts.gov/publications/national_transportation_statistics/html/table_03_17.html |
| Maintained by: Lima
Allen County Regional Planning Commission |