2024 E-Insights Report
Cost of Commuting
Average Cost of Owning a Car
Cost of Gasoline (1 Gallon)
Estimated Taxi Ride Fare (10 miles one way trip)
About: The Cost of Commuting encapsulates the overall financial expenditure linked with
daily travel, incorporating the Average Cost of Owning a Car, the Cost of Gasoline
per gallon for private vehicle users, and the Estimated Taxi Ride Costs, accounting
for distances traveled and waiting taxes and fees.
Source: Numbeo Data. As per latest data retrieved on Dec 15, 2023.
- The car buying costs across MSAs exhibit a diverse economic landscape, ranging from more affordable options in Dallas, to relatively higher costs in Portland. The Tampa Bay region falls within the mid-range of average car buying costs among the MSAs.
- The 1-gallon prices for gasoline vary significantly across MSAs, reflecting regional differences in transportation infrastructure, state taxes, and proximity to oil refineries. Western regions like Portland exhibit higher prices, while the South, represented by Houston, generally has more affordable fuel.
- There is a significant range in estimated taxi ride costs across the analyzed MSAs, with Miami, having the lowest cost ($21.25) and Charlotte having the highest ($57.92).
- The estimated taxi ride costs for a 10-mile journey with 5 minutes of taxes/fees in the Tampa Bay region ($30.27) is within a reasonable range.