Transportation Economic Trends
Household Spending on Transportation:
Spending per Vehicle-Mile
The cost to own and operate a motor vehicle influences many personal decisions, including where people live and work. This page presents data on average per-mile costs to own and operate a motor vehicle.
- On average, it costs $0.72 per mile to operate and maintain a new vehicle in 2022, assuming the owner drives it 15,000 miles per year.
- The per-mile cost of owning an automobile has remained the same since 2020 – at $0.44 per mile.
- The per-mile cost of operating a vehicle increased in 2022 to $0.28 per mile, after remaining steady at $0.20 per mile in 2021. This is a result of a 64 percent increase in the per-mile cost of gasoline from 2021 to 2022, based on average fuel prices for 12 months ending in May 2022.