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.
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.