ADVERTISEMENT

ARIZONA NEWS

Phoenix-area residents hit harder than most by transportation costs

Phoenix-area residents spend a larger percentage of their household budget on transportation than all but one other large metro area in the nation, according to a recent study.

(AP Photo/Ross D. Franklin, File)...

(AP Photo/Ross D. Franklin, File)

(AP Photo/Ross D. Franklin, File)

PHOENIX — Phoenix-area residents spend a larger percentage of their household budget on transportation than all but one other large metro area in the nation, according a recent study.

With cars as the main mode of getting around, the Valley ranked a close second to Tampa, Florida, in transportation costs among 22 metro areas included in a SmartAsset report released Tuesday.

Transportation costs take up 16.8% of Phoenix’s average household income of $74,635, the financial advice website determined by analyzing federal data for 2018-19.

ADVERTISEMENT

On average, Phoenix households spent $11,791 on car-related expenses and $734 on public transportation, adding up to a total of $12,525.

Tampa led the way at 17% but had a smaller total of $10,692 because of a lower average household income.

Three metro areas had higher average transportation spending than Phoenix — Anchorage, Alaska; Baltimore, Maryland; and Washington, D.C. However, because residents there earn more money, the costs represent smaller slices of spending than in the Valley.

KTAR.com is the online home of KTAR News on 92.3 FM, the Voice of Arizona. We're your source for breaking news, traffic, weather and the stories that matter to you.

Comments