APTA: Transit users can save $13,000 a year

The American Public Transportation Association (APTA) estimates that individuals can save more than $13,000 a year by riding transit-rail and other forms of public transit rather than driving their cars.

According to APTA’s latest Transit Savings Report, monthly public transit fare prices haven't increased since 2020 while prices for new and used cars have increased significantly since the pandemic, and financing costs have increased dramatically due to interest rate hikes. Gasoline prices have also spiked due to constricted supply and added demand.

Since 2019, the average price of a new car has climbed by more than $11,000, an increase of more than 30%. For used cars, the average price has risen more than $8,000, or 40%. Gasoline prices are also having an impact. In 2023, gas prices have risen 25% to $4 per gallon as of Sept. 18, according to APTA.

"As the rising cost of living continues to impact U.S. households, public transportation offers an economical and climate-friendly alternative to reduce daily expenses," said APTA President and CEO Paul Skoutelas in a press release. "By choosing to ride public transit, individuals can significantly cut down on their monthly transportation expenses. Whether it’s commuting to work, running errands, or keeping appointments, public transit is a practical and budget-friendly choice.