Transportation costs have risen by more than 39 percent for the average household in the New York City metropolitan area since the pandemic, primarily due to increased car ownership.
While transit costs rose 28.7 percent between 2019 and 2023, the cost of buying and fueling a car rose 72 percent during the same period, with purchasing a vehicle alone soaring nearly 101 percent.
A typical household that owns a car spends $10,419 annually on purchasing, fueling and repair, whereas average transit usage costs $2,412, highlighting the financial burden of car ownership.
Transportation costs remain elevated particularly for lower- and moderate-income households, stressing the importance of maintaining affordable MTA service to offset high housing expenses.
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