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American Public Transportation Association

Transit News

10/25/2012

Contact:

Mantill Williams
202-496-4869
mwilliams@apta.com

October Transit Savings Report

Slight Uptick in 2012 Parking Fees Lead to Increased Savings for Those Who Choose Public Transit Instead of Driving

Washington, D.C. – A slight increase in the cost of city parking fees provides another reason to switch from commuting by car to riding public transportation.  According to the American Public Transportation Association’s (APTA) October Transit Savings Report, individuals who ride public transportation instead of driving can save, on average, $828 this month, and $9,934 annually.  These savings are based on the cost of commuting by public transportation compared to the cost of owning and driving a vehicle which includes the October 24, 2012 average national gas price ($3.63 per gallon- reported by AAA) and the national unreserved monthly parking rate.  APTA notes a simple way to avoid the rising parking rates is to swap your daily car trip for travel on your local bus or train. 

The national average for a monthly unreserved parking space in a downtown business district is $166.26, according to the 2012 Colliers International Parking Rate Study.  Over the course of a year, parking costs for a vehicle can amount to an average of $1,995. The cost of the daily downtown daily parking rates increased in 2012 by an average of 1.6 percent or an extra $132 per year compared to the rates in 2011.

APTA releases this monthly Transit Savings Report to examine how an individual in a two-person household can save money by taking public transportation and living with one less car.

The top 20 cities with the highest public transit ridership are ranked in order of their transit savings based on the purchase of a monthly public transit pass and factoring in local gas prices for October 24, 2012 and the local monthly unreserved parking rate.*

 

 

 City

 Monthly

 Annual

1

New York

 $1,226

$14,714

2

San Francisco

 $1,093

$13,120

3

Boston

 $1,069

$12,834

4

Philadelphia

 $984

$11,814

5

Seattle

 $968

$11,622

6

Chicago

 $966

$11,588

7

Honolulu

 $953

$11,441

8

Los Angeles

 $937

$11,238

9

San Diego

 $888

$10,657

10

Portland

 $870

$10,435

11

Minneapolis

$851

$10,216

12

Denver

$844

$10,125

13

Baltimore

$839

$10,072

14

Washington, DC

$821

$9,847

15

Pittsburgh

$805

 $9,654

16

Cleveland

$789

 $9,464

17

Miami

$774

 $9,283

18

Atlanta

$766

 $9,187

19

Las Vegas

$755

 $9,061

20

Dallas

$754

 $9,047


*Based on gasoline prices as reported by AAA on 10/24/12

Methodology
APTA calculates the average cost of taking public transit by determining the cost of the average monthly transit pass of local public transit agencies across the country.  This information is based on the annual APTA fare collection survey and is weighted based on ridership (unlinked passenger trips).  The assumption is that a person making a switch to public transportation would likely purchase an unlimited pass on the local transit agency, typically available on a monthly basis.

APTA then compares the average monthly transit fare to the average cost of driving.  The cost of driving is calculated using the 2012 AAA average cost of driving formula.  That formula is based on variable and fixed costs.  The variable costs include the cost of gas, maintenance and tires.  The fixed costs include insurance, license registration, depreciation and finance charges.  The comparison also uses the average mileage of a mid-size auto at 23.1 miles per gallon and the price for self-serve regular unleaded gasoline as recorded by AAA on October 24, 2012 at $3.63 per gallon.  The analysis also assumes that a person will drive an average of 15,000 miles per year.  The savings is based on the assumption that a person in two-person household lives with one less car.

In determining the cost of parking, APTA uses the data from the 2012 Colliers International Parking Rate Study for monthly unreserved parking rates for the United States.

To calculate your individual savings, with or without car ownership, go to www.publictransportation.org

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 The American Public Transportation Association (APTA) is a nonprofit international association of 1,500 public and private sector organizations, engaged in the areas of bus, paratransit, light rail, commuter rail, subways, waterborne services, and intercity and high-speed passenger rail. This includes: transit systems; planning, design, construction, and finance firms; product and service providers; academic institutions; transit associations and state departments of transportation. APTA is the only association in North America that represents all modes of public transportation. APTA members serve the public interest by providing safe, efficient and economical transit services and products.  More than 90 percent of the people using public transportation in the United States and Canada ride APTA member systems.

 

 

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