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. For households with incomes between $50,000 and $59,999, transportation accounted for 18% of total expenditures — the highest share of any income group. While those in the highest income group spent more on transportation overall, it made up only 13.3% of their household expenditures, the lowest share of any income group.
Featured graph source: U.S. Department of Labor, Bureau of Labor Statistics, Consumer Expenditure Survey Tables, Table 1203 Income Before Taxes. Fact #1248 Dataset
Courtesy of Transportation Fact of the Week, Vehicle Technologies Office
Return to 2022 Fact of the Week
Related stories on lower total cost of ownership of electric cars:
- 2 Affordable Used Electrified Cars Available Nationwide
- Electricity Prices Are Up, But An EV Is Still Much Cheaper Than A Conventional Car
- EV Maintenance Costs Are 30% Lower Than Gas Vehicles At 3 Years, New Study Finds
- How Much Cheaper Is It To Own An Electric Car?
Household efficiency:
- Gigantic Atlantic Coast Gas Pipeline Done In By Humble Household Heat Pump
- EU: Help Households, Take Socially Just Measures, Don’t Cut Taxes For Wealthy SUV Drivers
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