Monday, August 10, 2009

APTA cites latest transit rider savings calculations

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The American Public Transportation Association Monday released its latest “Transit Savings Report,” stating individuals who rode public transportation saved on average $9,167 annually, or about $764 per month, based on the August 7, 2009 national average gas price and the national unreserved monthly parking rate.

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The monthly report calculates the average annual and monthly savings for public transit users. The report examines how an individual in a two-person household can save money by taking public transportation and living with one less car.

APTA said 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.

APTA offers a calculator to determine individual savings with or without car ownership, available at www.publictransportation.org.