New York City is a popular place to live and work, but it can also be a pricey city to drive in. In this article, we'll take a look at how much it costs to drive in New York City, based on data from InsightsIQ.
What is included in the New York City driving cost?
According to TheRichest.com, the average New York City driver pays $1,564 in monthly costs, which includes car payments, insurance, fuel, and parking. The website also states that the average driver spends an additional $1,642 a year on transportation-related expenses.
Some other costs that may be incurred by New York City drivers include license and registration fees, city taxes, and tolls.
When you're considering whether or not to drive in New York City, one of the first things you'll want to know is how much it really costs to do so.
The answer, unfortunately, can vary a bit depending on what kind of vehicle you're driving and where you're driving. But generally speaking, here's a rundown of the different expenses associated with driving in the Big Apple:
Gasoline: Assuming you're filling up your tank at a regular gasoline station, New York City drivers will pay around $2.50 per gallon. That's on the high side compared to some other major metropolitan areas, but still pretty affordable overall.
Diesel: Diesel fuel is cheaper in New York City than it is elsewhere, typically costing around $1.75 per gallon. However, this difference can be offset somewhat by the high cost of parking in the city.
Auto Insurance: New York City drivers have to pay a bit more for auto insurance than drivers in other parts of the country. The average cost of coverage is about $1,500 per year.
Tag/Title: You'll also need to pay taxes and fees related to your vehicle's title and tag (typically around $180 per year
What are the costs for parking and tolls?
The cost of parking in New York City can be expensive, depending on where you park. The following are the costs for parking in different parts of the city:
-In Manhattan, the cost for parking at a meter is $7 per hour or $28 per day. There are also pay-by-phone lots and garages that charge between $5 and $15 per hour.
-In Brooklyn, the cost for parking at a meter is $4 per hour or $12 per day. There are also pay-by-phone lots and garages that charge between $2 and $8 per hour.
-In Queens, the cost for parking at a meter is $3 per hour or $10 per day. There are also pay-by-phone lots and garages that charge between $1 and $5 per hour.
-In Staten Island, the cost for parking at a meter is either free or costs between 50 cents and a dollar an hour. There are also pay-by-phone lots and garages that charge between 25 cents and 50 cents an hour.
How much does it really cost to drive in New York City?
Driving in New York City can be expensive, depending on your location and transportation needs. The cost of gas, parking and tolls can quickly add up, and you may even need to budget for additional transportation expenses like Uber or Lyft.
Here are some average costs for driving in the city:
Gas: $2.71/gallon (as of January 2019)
Parking: $10-20/day (in Manhattan)
Tolles: $6-8/day (for cars with E-ZPass)
If you're an Atlantan or visitor who's ever been curious about how much it costs to drive in New York City, this is the post for you. The answer, surprisingly, isn't as expensive as you might think!
According to GasBuddy, the average price of a gallon of regular gasoline in New York City is $3.685. That means the average cost of driving around the city is just under $10 per day.
Considering that parking can be incredibly expensive and public transportation can be inconvenient, this seems like a pretty reasonable price for getting around.
Of course, there are always exceptions to any rule. If you're commuting into Manhattan from Brooklyn or Queens, your costs will likely be higher.
And if you're planning on hitting up all of the must-see areas in the city, your expenses could easily skyrocket. But for the most part, driving around New York City doesn't require an extravagant budget!