What is the average transportation cost in the US?

The average American household spent $9,826 on transportation in 2020, which accounted for 16% of all annual household expenditures. Transportation expenditures include vehicle purchases, gasoline and motor oil, other vehicle expenses (maintenance, insurance, etc.), and public transportation costs.



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Monthly cost of transportation The average cost of transportation for a household is $9,826 per year, or $819 per month — 12% of the average household income. The majority of our transit budgets go toward car payments, which cost around $4,523 per year.

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The cheapest way to travel across America depends on the mode of transportation. Generally speaking, taking the bus or the train is the most cost effective way to cover a long distance. If you plan ahead, long-distance bus companies such as Greyhound and Megabus often offer discounted fares.

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If you're not planning on taking a long road trip, a good rule of thumb is to budget about $150 per day. Broken down even further, this budget per day would look like $20 for snacks, $30 for gas and $100 for hotel costs, according to Kroeger.

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Average Daily Costs On average, past travelers have spent $49 per person, per day, on local transportation in New York City.

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If you live in a busy area and drive less than 10,000 miles per year, rideshare services tend to be cheaper. For car owners who live in a highly dense area, you're also saving money on parking costs. So for those who drive more than 10,000 miles each year, it might cost less to own a car.

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