Commuting by car has long been the norm for Americans, particularly for those who prioritize convenience and comfort. However, the financial implications are significant, as the average yearly cost for driving exceeds $8,000, while public transport costs a mere $972. This switch not only saves commuters a potential $7,000 but is especially beneficial for renters, who can save the equivalent of nearly two months' salary. The substantial cost of car commuting impacts renters more than homeowners due to their lower average income, making public transportation a financially smart alternative.
On average, the annual costs associated with commuting by car amount to over $8,000, while using public transit costs just $972 per year, allowing for a potential savings of around $7,000 for commuters.
Renters earn an average monthly income of $4,000, meaning that switching to public transit could save them nearly two months' salary, which is a significant financial relief.
Collection
[
|
...
]