What is the average monthly cost of transportation in the US?
What is the average monthly cost of transportation in the US? Monthly cost of transportation The average cost of transportation for a household is $9,826 per year, or $819 per month — 12% of the average household income. The majority of our transit budgets go toward car payments, which cost around $4,523 per year.
What is the average transportation cost in the US?
The average American household spent $9,826 on transportation in 2020, which accounted for 16% of all annual household expenditures. Transportation expenditures include vehicle purchases, gasoline and motor oil, other vehicle expenses (maintenance, insurance, etc.), and public transportation costs.